US-Based Air Mobility Company to Go Public on Nasdaq via Merger

The "XTurismo Limited Edition" hoverbike is pictured during its demonstration at Fuji Speedway in Oyama, Shizuoka Prefecture, Japan, on Oct. 26, 2021. A.L.I. Technologies/Handout via Reuters

Aerwins Technologies, a Delaware-based air mobility company and the parent company of a Japanese hoverbike maker, will go public on the Nasdaq via a merger with a special-purpose acquisition company.

Aerwins is the parent company of A.L.I. Technologies, a Japanese drone and hoverbike developer notable for selling the Xturismo Limited Edition hoverbike for 77.7 million yen ($542,780) last year.