Logistics Innovation Technologies Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing on or about August 2, 2021
02 August 2021 - 4:23PM
Logistics Innovation Technologies Corp. (the “Company”) announced
today that holders of the units sold in the Company’s initial
public offering of 34,089,611 units completed on June 15, 2021 (the
“offering”) may elect to separately trade the shares of Class A
common stock and warrants included in the units today. Any units
not separated will continue to trade on The Nasdaq Stock Market LLC
( “Nasdaq”) under the symbol “LITTU”, and each of the shares of
Class A common stock and warrants will separately trade on Nasdaq
under the symbols “LITT” and “LITTW,” respectively. No fractional
warrants will be issued upon separation of the units and only whole
warrants will trade. Holders of units will need to have their
brokers contact Continental Stock Transfer & Trust Company, the
Company’s transfer agent, in order to separate the units into
shares of Class A common stock and warrants.
About Logistics Innovation Technologies
Corp.
The Company is a blank check company whose business purpose is
to effect a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. While the Company may pursue an initial
business combination with a company in any sector or geography, the
Company intends to focus its search on innovation in the logistics
industry, which includes both logistics technology companies and
traditional industry players that can leverage technology to
improve the efficiency of customer supply chains and their
markets.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on June 10, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering was made only by means of a prospectus. Copies of
the prospectus relating to the offering may be obtained from
Guggenheim Securities, LLC, 330 Madison Avenue, New York, New York
10017, Attention: Equity Capital Markets, or by telephone at (212)
518-9544.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
Company’s search for an initial business combination.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement for the initial public offering filed with the SEC.
Copies are available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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Investor Contact
Logistics Innovation Technologies Corp.(678) 954-4822
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