AI Transportation Acquisition Corp Delays Important Shareholder Meeting

AI Transportation Acquisition Corp Adjusts Meeting Schedule

AI Transportation Acquisition Corp (NASDAQ: AITR), a dedicated special purpose acquisition company, has made significant news regarding its upcoming extraordinary general meeting. Originally set for November 8, 2024, the meeting has now been rescheduled to November 22, 2024. This postponement aims to secure additional votes vital for the discussed proposals.

Participation and Voting Guidance

Shareholders will continue to have options for participation. They can attend in person or access the meeting virtually, although the specific virtual access point has been omitted for this release. To ensure they can engage fully, participants will need their unique meeting control number found on their proxy cards.

Updating Redemption Rights

The record date remains established as October 18, 2024. Shareholders looking to exercise their redemption rights are reminded to submit their share certificates to the transfer agent, Continental Stock Transfer & Trust Company, by November 20, 2024, two days before the rescheduled meeting date.

Shareholder Voting Procedures

Notably, shareholders as of the record date retain the right to vote even if they sell their shares afterward. Those wanting to alter their votes or needing assistance should reach out to Continental Stock Transfer & Trust Company directly at 917-262-2373 or via email. Furthermore, stockholders wishing to retract their earlier redemption requests must do so ahead of the rescheduled meeting.

About AI Transportation Acquisition Corp

AI Transportation Acquisition Corp positions itself as a blank check company with the primary objective of engaging in a merger, share exchange, or similar combination with other businesses. While the company has not yet identified a specific target for this merger, its focus is set on sectors within transportation. Areas of interest include logistics, innovative energy vehicles, smart parking solutions, on-board chips, and AI algorithms, among others. The operational leadership is underpinned by CEO Mr. Yongjin Chen, who helps steer the company toward strategic opportunities.

Proxy Solicitation Details

In preparations for the shareholder meeting, potential participants, including directors and executive officers, might be seen as soliciting proxies from shareholders regarding the meeting proposals. Insight about these individuals is available in the Company’s Definitive Proxy Statement filed with the U.S. Securities and Exchange Commission.

Further Information and Clarifications

This announcement serves solely for informational purposes. It does not constitute a solicitation for proxies, nor does it represent an offer to market or sell securities of AI Transportation Acquisition Corp without proper registration or qualification in applicable jurisdictions.

Contact Information

For further inquiries, please reach out to:

AI Transportation Acquisition Corp
Mr. Yongjin Chen
Chief Executive Officer
10 East 53rd Street, Suite 3001
New York, NY 10022
Email: chenyongjin@ds-cap.com

Frequently Asked Questions

What is the reason for the postponement of the meeting?

The meeting has been postponed to garner additional votes needed for the proposals being considered.

When is the rescheduled extraordinary meeting?

The adjusted meeting will now take place on November 22, 2024, at 9:30 a.m. Eastern Time.

Where can I access the meeting virtually?

Details for virtual attendance will be available on the meeting information webpage provided in communications.

How can I vote if I no longer own shares?

Shareholders who held shares as of the record date can still vote, even if they have sold their shares since then.

Who can I contact for assistance regarding my vote?

Assistance can be sought from Continental Stock Transfer & Trust Company, which can guide shareholders through the voting and redemption processes.

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