Dot Ai Completes Business Combination and Prepares for Nasdaq Trading

Dot Ai, a pioneering startup in asset intelligence technology, has successfully closed its business combination with ShoulderUp Technology Acquisition Corp., marking a significant milestone in its journey towards becoming a publicly traded company. The merger, approved by ShoulderUp shareholders, paves the way for Dot Ai's Class A common stock and warrants to commence trading on Nasdaq under the ticker symbols 'DAIC' and 'DAICW' respectively, starting June 23, 2025. This strategic move is bolstered by a $12 million PIPE investment aimed at fueling Dot Ai's growth initiatives, including research and development, market expansion, and the enhancement of its manufacturing operations in Puerto Rico.

Ed Nabrotzky, Co-founder and CEO of Dot Ai, emphasized the company's commitment to revolutionizing supply chain management through its AI-driven asset intelligence technology. The public listing is seen as a pivotal step in Dot Ai's mission to disrupt legacy technologies and foster innovation across various sectors. Phyllis Newhouse, CEO of ShoulderUp, highlighted Dot Ai's potential to redefine industry standards and transform global supply chains.

Following the business combination, Dot Ai's Board of Directors will welcome new members, including Phyllis Newhouse and Ed Nabrotzky, among others, signaling a strong leadership foundation for the company's next growth phase. Dot Ai's innovative approach combines IoT tracking technology with AI and 5G RF and BLE technology, offering real-time asset visibility and predictive analytics to streamline logistics and enhance operational security.