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Logistics Innovation Technologies Priced, Nasdaq: LITTU

Blank check company led by a former UPS executive targeting the logistics industry (liquidated).

Industry: SPAC

Latest Trade: $10.25 +0.25 (+2.5%)

First Day Return: 0.0%

Return from IPO: 0.0%

Industry: SPAC

We are a blank check company. While we may pursue an initial business combination with a company in any sector or geography, we intend to focus our search on the logistics industry, which includes both traditional industry players and technology companies that can leverage technology to improve the efficiency of customer supply chains and their markets. Our management team is an accomplished group of executives and investment professionals with extensive track records of successfully operating and investing in transportation, logistics and technology businesses. Our Chief Executive Officer is a logistics industry veteran with over four decades of experience. Our Chief Financial Officer brings extensive operational and investment and technology experience in the public and private sectors. We believe our management team has deep sector knowledge, industry relationships and investment experience to identify, acquire and enhance value in high-quality transportation, logistics and technology businesses in need of permanent capital to support their growth plans. Our management team is led by our Chief Executive Officer, Alan Gershenhorn. Mr. Gershenhorn held numerous business, operations and functional executive roles at United Parcel Service (NYSE: UPS), with his final role as Executive Vice President and Chief Commercial Officer of UPS.
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IPO Data
IPO File Date 03/05/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/10/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Guggenheim Securities
Company Data
Headquarters Atlanta, GA, United States
Founded 2021
Employees 2

Logistics Innovation Technologies (LITTU) Performance