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 end 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. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

AI Transportation Acquisition Price Performance

Shares of AITRU opened at $10.43 on Friday. AI Transportation Acquisition has a 12 month low of $9.99 and a 12 month high of $10.94. The firm’s fifty day simple moving average is $10.42.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Schechter Investment Advisors LLC acquired a new position in shares of AI Transportation Acquisition in the fourth quarter valued at about $175,000. Wolverine Asset Management LLC purchased a new position in AI Transportation Acquisition during the 4th quarter worth approximately $2,423,000. Cowen AND Company LLC acquired a new stake in AI Transportation Acquisition during the 4th quarter valued at approximately $3,729,000. Mizuho Securities USA LLC purchased a new stake in shares of AI Transportation Acquisition in the 4th quarter valued at $2,941,000. Finally, Crystalline Management Inc. acquired a new stake in shares of AI Transportation Acquisition in the fourth quarter worth $153,000.

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.