AI Transportation Acquisition Corp’s (NASDAQ:AITRU) Lock-Up Period Set To Expire on May 7th

AI Transportation Acquisition’s (NASDAQ:AITRU) lock-up period will 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 AI Transportation Acquisition’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

AI Transportation Acquisition Trading Up 0.3 %

Shares of NASDAQ:AITRU opened at $10.46 on Tuesday. The company has a fifty day moving average of $10.42. AI Transportation Acquisition has a fifty-two week low of $9.99 and a fifty-two week high of $10.94.

Institutional Trading of AI Transportation Acquisition

Several large investors have recently made changes to their positions in the business. HGC Investment Management Inc. bought a new position in AI Transportation Acquisition in the fourth quarter valued at about $2,604,000. Schechter Investment Advisors LLC bought a new position in AI Transportation Acquisition in the fourth quarter valued at about $175,000. Wolverine Asset Management LLC bought a new position in AI Transportation Acquisition in the fourth quarter valued at about $2,423,000. Gabelli Funds LLC bought a new position in AI Transportation Acquisition in the fourth quarter valued at about $1,022,000. Finally, ATW Spac Management LLC bought a new position in AI Transportation Acquisition in the fourth quarter valued at about $2,944,000.

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.