UniUni to Go Public via $1 Billion Reverse Takeover with MAK Acquisition
Uni Express Inc. (UniUni), a leading North American last-mile delivery platform, has entered into a definitive agreement to become a publicly listed company through a reverse takeover of MAK Acquisition Corp. The transaction implies an enterprise value of approximately $1.0 billion (C$1.37 billion), marking one of the largest go-public deals in the Canadian technology sector recently. UniUni, which processes over one million parcels daily through a network of more than 100,000 drivers, has experienced rapid growth driven by global ecommerce expansion. The company's revenue surged from $113 million in 2023 to an projected exceedance of $1 billion in 2026, with significant organic growth anticipated in 2027. Headquartered in Vancouver, UniUni leverages proprietary technology and robotics to enhance delivery efficiency across the U.S. and Canada, deriving 80% of its revenue from the United States. Executives from both UniUni and MAK Acquisition expressed enthusiasm about the partnership, highlighting UniUni's strong unit economics and potential for future profitability as it transitions to a public entity subject to regulatory approvals.
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