LIT started trading Friday morning on the NASDAQ
Friday morning, Logistics Innovation Technologies Corp., a newly listed special acquisition company (SPAC), began trading on the NASDAQ under the ticker LITTU. The blank check company exists solely for the purpose of finding a private company to merge with and bring public. It has two years to make a deal or return investors’ capital.
The SPAC will offer 30 million shares priced at $11.50, and the sole bookrunner, Guggenheim Securities, has the...
https://www.freightwaves.com/news/new-logistics-focused-spac-lit-is-stacked-with-top-dealmakers