UniUni, Leading North American Ecommerce Last-Mile Delivery Platform, to Go Public via MAK Acquisition

UniExpress Inc. (“UniUni”), a fast-growing North American last-mile delivery platform, has entered into a definitive purchase agreement with MAK Acquisition Corp. for a reverse take-over (RTO). The transaction values UniUni at an enterprise value of approximately US$1.0 billion (C$1.37 billion). As part of the deal, a private placement of up to US$100 million of non‑voting shares in a subsidiary will be conducted by Canaccord Genuity to fund the expansion of automated sorting centres, tripling capacity from 1 million to 3 million packages per day. Upon completion in the second half of 2026, the resulting public company “New UniUni” will list on the TSX under symbols “UN” and “UN.W”, with a near‑term goal of a Nasdaq cross‑listing. The press release notes that UniUni generated revenue of $113 million in 2023 and expects to surpass $1 billion in 2026, and that a pre‑existing $15 million convertible note has already been issued, satisfying a key closing condition.

This announcement is the defining event for MAK Acquisition Corp., a special purpose acquisition company (SPAC) that completed its own IPO only seven months earlier (October 2025). That IPO raised US$100 million with no operating business; the entire purpose was to find a qualifying acquisition. With the UniUni RTO, MAK has identified a target that not only consumes its entire trust capacity but also brings a transformative last‑mile delivery franchise. The sheer scale leap — from a US$100‑125 million cash shell to a US$1 billion enterprise value, combined with the planned US$100 million growth financing and ambition to dual‑list on Nasdaq — represents a genuinely game‑changing pivot. The market did not know the identity of any target until now; the news therefore introduces entirely new, material information that fundamentally alters the company’s prospects and risk profile. The involvement of Canaccord Genuity as broker and a strategic private placement further signals institutional validation. This qualifies as a Material‑Game Changer.

MAK Acquisition Corp. is a technology‑focused SPAC that went public in October 2025. Led by Chairman & CEO Matt Proud (ex‑Dye & Durham) and Director & CFO Avjit Kamboj (ex‑Converge Technology Solutions), the vehicle was designed to acquire a target in technology, defence, or space with an enterprise value of up to US$1 billion. The target, UniExpress Inc. (UniUni), is a Canadian‑born, technology‑enabled last‑mile delivery platform that serves e‑commerce clients across North America. Its “flagship project” is a network of automated super‑sorting centres, which the RTO proceeds will expand to handle 3 million packages daily. UniUni reported US$113 million in revenue in 2023 and projects US$1 billion+ in 2026, indicating hyper‑growth.