AI Transportation Acquisition Corp announced that it priced its initial public offering of 6,000,000 units at $10.00 per unit.
The company intends to use the net proceeds to acquire a business focused in the AI transportation industry, specifically on logistics, new energy vehicles, smart parking, on-board chips, AI algorithms, automotive services, and other types of "intelligent transportation."
Rimon acted as legal counsel to AI Transportation Acquisition Corp., with a team led by Debbie Klis. Ivan Komaritsy and Anne Mitzelfelt also advised on the deal.
Congratulations to AI Transportation Acquisition Corp and the Rimon team!