AITRU News

Three IPOs and two SPACs debuted this week, while the pipeline got a boost from a flurry of initial filings. Oncology biotech CARGO Therapeutics (CRGX) priced at the bottom of the range to raise $281 million at a $611 million market cap. The biotech's lead program is an autologous CD22 CAR T-cell candidate, the underlying CAR of which the company exclusively...read more

AI Transportation Acquisition, a blank check company targeting the AI transportation industry, raised $60 million by offering 6 million units at $10. The company offered 1 million more units than anticipated. Each unit consists of one share of common stock and one right to receive one-eighth of a share upon the completion of an initial business combination. The company is led...read more

Two small issuers began trading this past week, one of which is eligible for inclusion in our IPO stats, joined by one blank check IPO. Three small IPOs and one SPAC submitted initial filings. Though there were no large launches or pricings, three issuers on file to raise $100+ million disclosed updated financials: Chinese pet hospital company New Ruipeng Pet Group...read more

AI Transportation Acquisition, a blank check company targeting the AI transportation industry, filed on Wednesday with the SEC to raise up to $50 million in an initial public offering. The New York, NY-based company plans to raise $50 million by offering 5 million units at $10. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the...read more