UniUni to go public in reverse takeover of MAK Acquisition

UniUni, a last-mile delivery platform, is set to become a publicly traded company through a reverse takeover of MAK Acquisition Corp., in a transaction valuing the Canadian technology firm at about $1 billion (C$1.37 billion).

The companies said they have signed a definitive purchase agreement that will see UniUni become a public issuer through MAK Acquisition, subject to regulatory and other customary approvals.

UniUni has grown rapidly in recent years, with revenue rising from $113 million in 2023 to more than $1 billion expected in 2026. The company said it is scaling its technology-enabled delivery network to meet rising e-commerce demand across North America.

“Customer demand for UniUni continues to grow alongside the expansion of ecommerce across North America,” said Peter Lu, founder and CEO of UniUni. “We believe our technology-enabled platform and flexible operating model position us well to support the evolving needs of customers as we continue investing in automation and long-term growth. We are excited to take the next step in our journey as a Canadian public company.”

MAK Acquisition chair and CEO Matt Proud said the deal brings a high-growth Canadian company to public markets.

“We are excited to bring one of the fastest-growing companies in the country, and a true Canadian champion, to market. We look forward to partnering with management as UniUni embarks on the next stage of its journey to be the leading global last-mile delivery platform,” he said.

UniUni says it currently delivers more than one million parcels per day across Canada and the United States, supported by more than 100,000 registered drivers. The company works with major e-commerce platforms, global brands, independent retailers and small businesses.

The company said proceeds from an up to $100 million private placement, along with existing escrowed funds from MAK Acquisition, will be used to expand automation, including new super-sorting facilities aimed at increasing capacity to as many as three million parcels per day.

Following the transaction, UniUni will be listed on the Toronto Stock Exchange under the reserved symbols “UN” and “UN.W,” with a planned cross-listing on Nasdaq after closing.

The deal, unanimously approved by both boards, is expected to close in the second half of 2026, pending regulatory approvals, completion of the private placement and other conditions.