Core Points - AI Transportation Acquisition Corp (AITR) has been suspended from trading and will be delisted from Nasdaq due to failure to pay required fees and failure to file its Annual Report on Form 10-K for the year ended December 31, 2021 [1][4] - AITR does not intend to appeal Nasdaq's determination, aiming to limit costs associated with remaining listed [1] - Following delisting, AITR's Ordinary Shares may be traded on the OTC Markets Group Inc., although there are no guarantees for such trading [4] Company Overview - AITR is a special purpose acquisition company formed to effect mergers, capital stock exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations [5] - AITR completed its initial public offering on November 8, 2023, with each unit consisting of one ordinary share and one right to receive one-eighth of one ordinary share upon consummation of its initial business combination [5]
AI TRANSPORTATION ACQUISITION CORP ANNOUNCES DELISTING FROM NASDAQ AND EXPECTED SEC DEREGISTRATION