 Atlanta, GA, June 15, 2021 GLOBE NEWSWIRE -- Logistics Innovation Technologies Corp. LIT announced today the closing of its initial public offering of 34,089,611 units at a price of 10.00 per unit, including 4,089,611 units issued pursuant to the exercise by the underwriters of their over-allotment option. The units are listed on the Nasdaq Global Market Nasdaq and began trading under the ticker symbol LITTU on June 11, 2021. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of 11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaq under the symbols LITT and LITTW, respectively. 