The Online Investor

Slideshow IPOs

By The Online Investor Staff, updated Tue., Jun. 15, 8:57 PM

Slide #5. Logistics Innovation Technologies Corp. Initial Public Offering

Company: Logistics Innovation Technologies Corp.
Proposed Symbol: LITTU
Shares Offered: 30,000,000
Price Per Share: $10.00
Over-Allotment: 4,500,000
Description: Logistics Innovation Technologies Corp. ("LIT") announced today the pricing of its initial public offering of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Global Market ("Nasdaq") and trade under the ticker symbol "LITTU" beginning on June 11, 2021. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaq under the symbols "LITT" and "LITTW," respectively. The offering is expected to close on June 15, 2021. Guggenheim Securities, LLC is acting as the sole bookrunner for the offering. LIT has granted the underwriter a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any.

IPOs: Logistics Innovation Technologies Corp.

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