Logistics Innovation Technologies registered with the SEC to offer 40 million units at $10 each.
The new SPAC in the filing said it will target the logistics industry, including traditional industry players and technology companies that can leverage technology to improve the efficiency of customer supply chains and their markets.
Logistics Innovation is led by CEO and Chairman Alan Gershenhorn, whose 39-year career with UPS included his role as executive vice president and chief commercial officer.
The SPAC plans to apply for a Nasdaq listing under LITTU. Read more.
