Logistics Innovation Technologies Corp. (the “Company”) is a blank check company incorporated in Delaware on February 18, 2021. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.
Company profile
Ticker
LITT
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
862157398
LITT stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
26 Jun 23
25-NSE/A
Exchange delisting (amended)
16 Jun 23
8-K
Regulation FD Disclosure
6 Jun 23
8-K
Logistics Innovation Technologies Corp. Announces Redemption of Shares
26 May 23
10-Q
2023 Q1
Quarterly report
15 May 23
10-K
2022 FY
Annual report
31 Mar 23
10-Q
2022 Q3
Quarterly report
14 Nov 22
10-Q
2022 Q2
Quarterly report
12 Aug 22
10-Q
2022 Q1
Quarterly report
13 May 22
10-K
2021 FY
Annual report
15 Apr 22
Latest ownership filings
SC 13G/A
683 Capital Management, LLC
14 Feb 24
4
Chris T. Sultemeier
20 Jun 23
4
Bruno Sidler
20 Jun 23
4
ANDREW C CLARKE
20 Jun 23
4
Alan Gershenhorn
20 Jun 23
4
Isaac Applbaum
20 Jun 23
SC 13G/A
TIG Advisors, LLC
14 Feb 23
SC 13G/A
TIGER GLOBAL MANAGEMENT LLC
14 Feb 23
SC 13G/A
683 Capital Management, LLC
14 Feb 23
SC 13G/A
Sculptor Capital LP
14 Feb 23
Financial summary
Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 409.60 k | 409.60 k | 409.60 k | 409.60 k | 409.60 k | 409.60 k |
Cash burn (monthly) | 21.78 k | 8.19 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 279.46 k | 105.08 k | n/a | n/a | n/a | n/a |
Cash remaining | 130.13 k | 304.52 k | n/a | n/a | n/a | n/a |
Runway (months of cash) | 6.0 | 37.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
13F holders | Current |
---|---|
Total holders | 75 |
Opened positions | 44 |
Closed positions | 11 |
Increased positions | 26 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 339.27 bn |
Total shares | 40.77 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
1P Management | 7.31 mm | $0.00 |
Adage Capital Partners GP, L.L.C. | 2.40 mm | $24.38 bn |
CAPROCK | 2.13 mm | $21.69 bn |
683 Capital Management | 1.99 mm | $20.26 bn |
Atlas Merchant Capital | 1.75 mm | $17.76 bn |
Vivaldi Asset Management | 1.68 mm | $17.08 bn |
Davidson Kempner Partners | 1.40 mm | $14.21 bn |
Davidson Kempner Capital Management | 1.40 mm | $14.21 bn |
Mizuho Markets Cayman | 1.40 mm | $14.22 bn |
Mizuho Markets Americas | 1.40 mm | $14.22 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Jun 23 | 1P Management | Class B Common Stock Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 7,305,200 | 0.00 | 0 |
15 Jun 23 | Alan Gershenhorn | Class B Common Stock Class A Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 842,202 | 0.00 | 1 |
15 Jun 23 | Andrew C Clarke | Class B Common Stock Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 125,000 | 0.00 | 0 |
15 Jun 23 | Bruno Sidler | Class B Common Stock Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 125,000 | 0.00 | 0 |
15 Jun 23 | Chris T. Sultemeier | Class B Common Stock Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 125,000 | 0.00 | 0 |