UniUni, North America's Fastest-Growing Last-Mile Delivery Platform, Moves Closer to TSX Listing as Preliminary Prospectus Is Filed
SPAC edges closer to bringing fast-growing last-mile play UniUni to public markets
On 2026-06-11, MAK Acquisition Corp. announced it had filed and obtained a receipt for a preliminary long-form prospectus for its proposed qualifying acquisition of Uni Express Inc. (UniUni). The filing moves the deal one step closer to a Toronto Stock Exchange listing. Key points from the release: - UniUni is a technology-enabled last-mile delivery platform projecting ~$1.1 billion in 2026 revenue and handling >1 million packages per day across North America. - The transaction is expected to close in H2 2026, subject to regulatory, TSX, and securityholder approvals. - Post-closing, a near-term Nasdaq cross-listing is planned.
No new financial figures, valuation terms, or timeline changes were disclosed relative to the definitive purchase agreement announced on 2026-05-15.
This is a procedural update rather than a market-moving event. Filing the preliminary prospectus is a necessary milestone that was implied by the May 15 agreement. It does not alter the deal’s economics, size, or risks. The market had already priced in the reverse takeover; today’s release merely confirms the process is advancing on schedule.
Given that the substance was fully known, the most recent news is Routine - Positive. It reinforces deal progress but contains no genuinely new information that would re-rate the stock.
MAK Acquisition Corp. is a Cayman Islands-incorporated special-purpose acquisition company (SPAC) that raised US$100 million in an oversubscribed IPO in October 2025. It is led by Chairman & CEO Matt Proud (former CEO of Dye & Durham) and Director & CFO Avjit Kamboj (former CFO of Converge Technology Solutions). The SPAC is intended to complete a qualifying acquisition that will take a private company public on the TSX.
The target, Uni Express Inc. (UniUni), is a Canadian-headquartered last-mile delivery platform that uses proprietary routing technology and a flexible gig-driver network. It serves e-commerce platforms, online retailers, and global brands across North America. The company claims over 1 million daily deliveries and projects $1.1 billion in revenue for 2026, up from $113 million in 2023.
Post-transaction ownership (assuming no redemptions and full placement) would be: existing UniUni shareholders 78%, existing MAK shareholders 12%, and new private-placement investors 10%. The enterprise value of the combined company is set at approximately $1.0 billion USD. The resulting entity will list on the TSX as “UN” and, after closing, pursue a Nasdaq cross-listing.