AI Transportation Acquisition’s (NASDAQ:AITRU – Get Free Report) lock-up period is set to expire on Tuesday, May 7th. AI Transportation Acquisition had issued 6,000,000 shares in its public offering on November 9th. The total size of the offering was $60,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
AI Transportation Acquisition Stock Up 0.3 %
AI Transportation Acquisition stock opened at $10.46 on Tuesday. AI Transportation Acquisition has a 52 week low of $9.99 and a 52 week high of $10.94. The stock’s fifty day simple moving average is $10.42.
Hedge Funds Weigh In On AI Transportation Acquisition
A number of institutional investors have recently modified their holdings of AITRU. Crystalline Management Inc. bought a new stake in AI Transportation Acquisition during the 4th quarter worth $153,000. Schechter Investment Advisors LLC bought a new stake in AI Transportation Acquisition during the 4th quarter worth $175,000. Cohanzick Management LLC bought a new stake in AI Transportation Acquisition during the 4th quarter worth $204,000. Oaktree Capital Management LP bought a new stake in AI Transportation Acquisition during the 4th quarter worth $204,000. Finally, Highbridge Capital Management LLC bought a new stake in AI Transportation Acquisition during the 4th quarter worth $206,000.
About AI Transportation Acquisition
AI Transportation Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the transportation field, including logistics, new energy vehicles, smart parking, on-board chips and AI algorithms, automotive services, and related areas of intelligent transportation.
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