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AI Transportation Acquisition Priced, Nasdaq: AITRU

Blank check company targeting the AI transportation industry.

Industry: SPAC

Latest Trade: $10.47 +0.31 (+3.1%)

First Day Return: +1.6%

Return from IPO: +1.6%

Industry: SPAC

We are a newly organized blank check company. We intend to focus our search for a target business in the AI transportation industry, specifically focused on logistics, new energy vehicles, smart parking, on-board chips, AI algorithms, automotive services, and other types of “intelligent transportation.” We believe that deep learning, reinforced learning, big data, cloud computing, IoT, and other cutting-edge technologies, such as that promoted by the Institute for AI Research in the field of AI+Transportation, which focuses on self-driving, smart traffic network and cooperative vehicle infrastructure, will facilitate overcoming key technological obstacles to building intelligence into cities’ transportation network, restructuring the smart transportation ecosystem, and realizing safer, greener, more comfortable and efficient travel. Our management team is led by Yongjin Chen, Chief Executive Officer, Chairman and Executive Director, and Yun Wu, Chief Financial Officer and Executive Director.
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IPO Data
IPO File Date 03/15/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 6.0
Deal Size ($mm) $60
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/08/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 6.0
Deal Size ($mm) $60
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
EF Hutton
Brookline Capital Markets
Company Data
Headquarters New York, NY, United States
Founded 2022
Employees 2

AI Transportation Acquisition (AITRU) Performance