Unique Logistics International today announced that it has signed a definitive merger agreement with Edify Acquisition.
If approved, Unique will merge with a subsidiary of Edify and class A common stock of the combined company will list on the Nasdaq. Unique Logistics is a global logistics and freight forwarding company,
In conjunction with the agreement, Unique entered into a commitment letter for a senior secured financing facility up to $35 million, which the company intends to use to fund its acquisitions of eight subsidiaries and affiliates of Unique Logistics Holdings Limited, a Hong Kong corporation, under previously executed stock purchase agreements.
No other deal details were included in the announcement.
EDify raised $276 million in a January 2021 IPO with plans at the time to target businesses in education, edtech, workforce development, and HCM sectors in the United States. Read more.