We intend to focus our search on innovation in the logistics industry, which includes both logistics technology companies and traditional industry players that can leverage technology to improve the efficiency of customer supply chains and their markets.

Alan Gershenhorn, our CEO, recently retired from his position as executive vice president and chief commercial officer of United Parcel Service, Inc. He is currently a senior advisor to EIGHT VC Partners, LLC (“8VC”). 

(Note: Logistics Innovation Technologies Corp. further downsized its SPAC IPO at pricing on June 10, 2021, to 30 million units – down from its previously downsized offering of 35 million units – at $10 each to raise $300 million. The SPAC’s size was previously cut to 35 million units from its initial size of 40 million, according to an S-1/A filing dated April 1, 2021.)