SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* 1P Management LLC (Last) (First) (Middle) C/O LOGISTICS INNOVATION TECHNO CORP 3348 PEACHTREE ROAD, SUITE 700 (Street) ATLANTA GA 30326 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 06/10/2021	3. Issuer Name and Ticker or Trading Symbol Logistics Innovation Technologies Corp. [ LITT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(1)	(1)	Class A Common Stock	7,397,191	(1)	D(2)

1. Name and Address of Reporting Person* 1P Management LLC (Last) (First) (Middle) C/O LOGISTICS INNOVATION TECHNO CORP 3348 PEACHTREE ROAD, SUITE 700 (Street) ATLANTA GA 30326 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Applbaum Isaac (Last) (First) (Middle) C/O LOGISTICS INNOVATION TECHNO CORP 3348 PEACHTREE ROAD, SUITE 700 (Street) ATLANTA GA 30326 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The shares of Class B common stock are convertible for shares of the Issuer's Class A common stock as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-253949) (the "Registration Statement") and have no expiration date. The shares of Class B common stock beneficially owned by the Reporting Person include up to 1,009,125 shares of Class B common stock subject to forfeiture to the Issuer depending on the extent to which the underwriters' over-allotment option is exercised in connection with the Issuer's initial public offering of units, as described in the Registration Statement.

2. 1P Management LLC is the record holder of the securities reported herein. Isaac Applbaum is the manager of 1P Management LLC and has voting and investment discretion with respect to the securities held of record by 1P Management LLC. Mr. Applbaum disclaims beneficial ownership of the securities held by 1P Management LLC, except to the extent of any pecuniary interest therein.

Remarks:

See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Person to the Issuer. See Exhibits 24.1 and 24.2 - Powers of Attorney.

	/s/ Christina Min, Attorney-in-Fact for 1P Management LLC	06/10/2021
	/s/ Christina Min, Attorney-in-Fact for Isaac Applbaum	06/10/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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