Logistics Innovation in an amended S-1 filing lowered its planned IPO to 35 million units, down about 12 percent from the 40 million units the SPAC registered in March.
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 list on the Nasdaq under LITTU. Read more.
