AI Transportation Acquisition Corp Announces the Separate Trading of its Ordinary Shares and Rights Commencing January 2, 2024
30 December 2023 - 8:30AM
AI Transportation Acquisition Corp (the “Company”), a blank check
company formed for the purpose of entering into a merger, share
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses, today
announced that holders of the Company's units may elect to
separately trade the underlying ordinary shares and rights included
in its units commencing on or about January 2, 2024.
The ordinary shares and rights will trade on The
Nasdaq Capital Market ("NASDAQ") under the symbols AITR and AITRR,
respectively. Any Units not separated will continue to trade on
NASDAQ under the symbol AITRU.
About AI Transportation
Acquisition Corp.
AI Transportation Acquisition Corp. The Company
is a blank check company formed for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses. The Company has not selected a business combination
target and has not, nor has anyone on its behalf, initiated any
substantive discussions, directly or indirectly, with any business
combination target While the Company may pursue a target in any
industry, section or geography, it intends to focus the search for
a target business in the transportation field, including but not
limited to logistics, new energy vehicles, smart parking, on-board
chips and AI algorithms, automotive services and related areas of
intelligent transportation. The Company is led by its Chief
Executive Officer, Mr. Yongjin Chen. Rimon P.C. served as legal
counsel to the Company.
Forward Looking Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements, including the successful consummation
of the Company's initial public offering, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward looking statements. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
Contact:
AI Transportation Acquisition CorpMr. Yongjin ChenChief
Executive Officer10 East 53rd Street, Suite 3001New York, NY
10022Email: chenyongjin@ds-cap.com
SOURCE:
AI Transportation Acquisition Corp
AI Transportation Acquis... (NASDAQ:AITRU)
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