Announcement • Jun 17
Logistics Innovation Technologies Corp.(NasdaqGM:LITT) dropped from NASDAQ Composite Index Logistics Innovation Technologies Corp. has been removed Announcement • May 29
Logistics Innovation Technologies Announces Redemption of All Public Shares and Anticipates the Last Day of Trading in its Public Shares to be June 15, 2023 On May 26, 2023, Logistics Innovation Technologies Corp. announced that its board of directors (the ‘Board’) has determined to redeem all of its outstanding shares of Class A common stock (the ‘Public Shares’), effective as of the close of business on June 15, 2023, because the Company will not consummate an initial business combination within the time period required by its amended and restated certificate of incorporation (the ‘COI’). Pursuant to the COI, if the Company does not consummate an initial business combination by June 15, 2023, the Company will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account and not previously released to the company to pay its taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish public stockholders’ rights as public stockholders (including the right to receive further liquidating distributions, if any) and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the company’s remaining stockholders and the Board, liquidate and dissolve, subject, in each case, to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. The Company anticipates that the last day of trading in the Company’s Public Shares will be June 15, 2023 and that, as of the close of business on June 15, 2023, the Public Shares will be suspended from trading, will be deemed cancelled and will represent only the right to receive the per-share redemption price for the Public Shares to be announced at a later date (the ‘Redemption Amount’). The company expects that The Nasdaq Stock Market LLC will file a Form 25 with the U.S. Securities and Exchange Commission (the ‘SEC’) to delist its securities. The Company thereafter expects to file a Form 15 with the SEC to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended. Announcement • Apr 01
Logistics Innovation Technologies Corp. announced delayed annual 10-K filing On 03/31/2022, Logistics Innovation Technologies Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. 
