The new SPAC aims to combine with a logistics technology target that is disrupting the status quo with leading or growing market share and has a defensible business model. Logistics Innovation is led by Chairman and CEO Alan Gershenhorn, and CFO Isaac Applbaum.
Total SPAC deal count for 2021 year-to-date is now 338. This offering is expected to close on Tuesday, June 15.
Guggenheim Securities is acting as the sole book-running manager of the offering. White & Case LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. BDO USA, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.