AINewsBreaks – AI Transportation Acquisition Corp. (NASDAQ: AITRU) Closes IPO
AI Transportation Acquisition Corp. (NASDAQ: AITRU) recently announced the closing of its initial public offering of 6,000,000 units at $10.00 per unit. According to the announcement, each unit consists of one ordinary share and one right to receive one-eighth (1/8) of one ordinary share upon consummation of an initial business combination. The underwriter was granted a 45-day option to purchase up to an additional 900,000 units offered by the company to cover over-allotments, if any. The company’s units began trading on the Nasdaq Capital Market under the ticker symbol AITRU on Nov. 9, 2023. Once the securities comprising the units…