FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

1P Management LLC		 2. Issuer Name and Ticker or Trading Symbol

Logistics Innovation Technologies Corp. [ LITT ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O LOGISTICS INNOVATION TECHNO CORP., 3348 PEACHTREE ROAD, SUITE 700		 3. Date of Earliest Transaction (MM/DD/YYYY)

7/26/2021
(Street)

ATLANTA, GA 30326
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock  (1)7/26/2021  D (1)    91991   (2) (2)Class A Common Stock 91991 $0 7305200 D (3) 
Explanation of Responses:
(1) On July 26, 2021, 1P Management, LLC forfeited to the Issuer at no cost 91,991 shares of Class B common stock of the Issuer, in connection with the election by the underwriters of the Issuer's initial public offering of units to exercise an option granted to them to cover over-allotments in part and not in full.
(2) 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.
(3) 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.

Remarks:
See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
1P Management LLC
C/O LOGISTICS INNOVATION TECHNO CORP.
3348 PEACHTREE ROAD, SUITE 700
ATLANTA, GA 30326		XX

Applbaum Isaac
C/O LOGISTICS INNOVATION TECHNO CORP.
3348 PEACHTREE ROAD, SUITE 700
ATLANTA, GA 30326		XXChief Financial Officer
Signatures
/s/ Christina Min, Attorney-in-Fact for 1P Management, LLC7/26/2021
**Signature of Reporting PersonDate

/s/ Christina Min, Attorney-in-Fact for Isaac Applbaum7/26/2021
**Signature of Reporting PersonDate
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