AI Transportation Acquisition Corp.
AITR
NASDAQ Capital Market11.00
USD
+0.02
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AI Transportation Acquisition Corp.
AITR
(NASDAQ Capital Market)
Recent
price
11.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- AI Transportation Acquisition Corp is a special purpose acquisition company (SPAC) focused on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations primarily in the transportation sector. The company targets businesses involved in logistics; new energy vehicles; smart parking; on-board chips and AI algorithms; automotive services; and other areas of intelligent transportation. Founded in 2022, it is headquartered in New York, New York. The company completed its initial public offering in November 2023, raising $60 million to fund acquisition efforts focused on AI transportation technologies. In late 2024, AI Transportation Acquisition Corp terminated a business combination agreement with American Metals LLC, which had contemplated creating an entity focused on metal recycling for the electrified economy, and is currently seeking alternative business combination opportunities. The company was delisted from Nasdaq in April 2025 following a failure to meet listing requirements. AI Transportation Acquisition Corp continues to pursue potential mergers in its target sectors but has not generated revenue or established significant operations to date.
AI TRANSPORTATION ACQUISITION CORP ANNOUNCES DELISTING FROM NASDAQ AND EXPECTED SEC DEREGISTRATION
AI TRANSPORTATION ACQUISITION CORP ANNOUNCES TERMINATION OF BUSINESS COMBINATION AGREEMENT WITH AMERICAN METALS LLC