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

AI Transportation Acquisition’s (NASDAQ:AITRU) lock-up period is set to expire on Tuesday, May 7th. AI Transportation Acquisition had issued 6,000,000 shares in its initial 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 end of AI Transportation Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

AI Transportation Acquisition Price Performance

Shares of AITRU opened at $10.43 on Thursday. AI Transportation Acquisition has a 1 year low of $9.99 and a 1 year high of $10.94. The business’s 50-day moving average is $10.42.

Institutional Investors Weigh In On AI Transportation Acquisition

Several large investors have recently added to or reduced their stakes in the business. Crystalline Management Inc. bought a new position in shares of AI Transportation Acquisition in the fourth quarter valued at approximately $153,000. Schechter Investment Advisors LLC bought a new position in shares of AI Transportation Acquisition in the fourth quarter valued at approximately $175,000. Cohanzick Management LLC bought a new stake in AI Transportation Acquisition during the fourth quarter worth $204,000. Oaktree Capital Management LP bought a new stake in AI Transportation Acquisition during the fourth quarter worth $204,000. Finally, Highbridge Capital Management LLC bought a new stake in AI Transportation Acquisition during the fourth quarter worth $206,000.

AI Transportation Acquisition Company Profile

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.