Dot Ai Completes Business Combination and Prepares for Nasdaq Trading

Dot Ai, a startup specializing in asset intelligence technology, has successfully closed its business combination with ShoulderUp Technology Acquisition Corp., marking a significant milestone in its growth trajectory. The combination, approved by ShoulderUp shareholders earlier this year, transitions Dot Ai into a publicly traded entity, with its Class A common stock and warrants scheduled to commence trading on Nasdaq under the ticker symbols 'DAIC' and 'DAICW' starting June 23, 2025.

The company has also announced the completion of a $12 million PIPE (Private Investment in Public Equity) financing round. This influx of capital is earmarked for strategic initiatives, including research and development, market expansion, and the enhancement of its manufacturing operations in Puerto Rico. Dot Ai's innovative approach leverages AI to revolutionize supply chain management, offering proprietary software and hardware solutions that promise to redefine industry standards.

Ed Nabrotzky, Co-founder and CEO of Dot Ai, emphasized the company's commitment to innovation and growth, highlighting upcoming product launches and partnerships, including a transformative collaboration with Würth Industry USA. Phyllis Newhouse, CEO of ShoulderUp, praised Dot Ai's potential to not only address current supply chain challenges but also to pioneer new possibilities in the sector.

Following the business combination, Dot Ai's Board of Directors will welcome new members, including Phyllis Newhouse and Ed Nabrotzky, among others, signaling a strengthened leadership team poised to guide the company through its next phase of development. Dot Ai's journey from a pioneering startup to a publicly listed company underscores its role in shaping the future of asset intelligence technology, offering solutions that enhance operational efficiency and security across global supply chains.