On June 10, 2021, Logistics Innovation Technologies Corp. closed the transaction. The company amended the terms of the transaction to issue up to 5,400,000 warrants for $1.5 per warrant for a gross proceed of $8,100,000. The transaction also includes an oversubscription of 600,000 warrant for $1.5 per warrant for an additional gross proceed of $900,000 in the aggregate if the underwriters’ option to purchase additional units is exercised in full. On the same date, the company entered into an agreement and issued 5,945,281 warrants for gross proceeds of $8,917,922.