Logistics Platform UniUni to Go Public in $1 Billion Reverse Takeover with MAK Acquisition

VANCOUVER, B.C. — Ecommerce delivery company Uni Express Inc., known as UniUni, announced on May 15, 2026, that it will become a publicly traded company through a definitive agreement with MAK Acquisition Corp. The deal, structured as a reverse takeover, values the last-mile logistics provider at an enterprise value of approximately $1 billion. This move to go public highlights the immense capital required to compete in the last-mile delivery space, a critical component for any e-commerce business's success and a frequent pain point for small and mid-sized retailers. The transaction with MAK Acquisition, a special purpose acquisition company (SPAC), is expected to be one of the largest go-public deals in Canada's technology sector in recent years. Upon completion, which is subject to regulatory and other customary approvals, the newly combined entity’s shares will be listed on the Toronto Stock Exchange (TSX). MAK Acquisition has reserved the stock symbols "UN" for common shares and "UN.W" for warrants. The companies also plan to pursue a cross-listing on the Nasdaq exchange shortly after the transaction closes. Funding for UniUni's ambitious expansion plans will come from two primary sources: a private placement of up to $100 million and the remaining proceeds from MAK Acquisition’s escrowed funds. This infusion of capital is earmarked for significant operational upgrades and general corporate purposes. Founded in 2019, UniUni has experienced explosive growth, positioning itself as a key player in the North American logistics market. The company reported its revenue grew from $113 million in 2023 to a projected revenue of over $1 billion for 2026. According to company statements, UniUni currently processes over one million parcels daily through a vast network of more than 100,000 drivers, catering to clients ranging from emerging e-commerce platforms to established online brands. In our experience, the final mile is often the most complex and costly part of the supply chain for small and mid-sized retailers. A provider like UniUni going public is significant because it signals a drive for scale and technological investment that could ultimately offer more competitive pricing and service levels. However, it also introduces the pressures of public market performance, which can sometimes shift a partner's focus. For our clients, selecting the right logistics partners is a core part of effective supply chain optimization. It's not just about cost; it's about reliability, scalability, and customer experience. We help businesses analyze these trade-offs to build resilient fulfillment strategies. To navigate these complex logistics decisions, businesses can connect with the experts at C&S Finance Group LLC at csfinancegroup.com. The primary use of the new capital will be to invest in a new generation of automated “super-sorting” centers across its geographic footprint. This technological investment is designed to more than triple the company’s daily processing capacity from its current one million packages to as many as three million. This scaling effort builds on previous technological integrations, such as the 2025 deployment of robotic sortation technology that the company reported achieved 100% sorting accuracy and increased throughput across its facilities. UniUni’s public listing via a SPAC provides a faster route to public markets compared to a traditional initial public offering (IPO), allowing it to access capital quickly to fuel its expansion in the highly competitive last-mile delivery sector. The industry is characterized by thin margins, high operational complexity, and intense pressure from e-commerce giants and consumers alike for faster and cheaper delivery. By investing heavily in automation, UniUni aims to improve efficiency and lower its cost-per-package, a critical metric for long-term viability. Ultimately, a well-funded and technologically advanced delivery network benefits the entire e-commerce ecosystem, but businesses must remain diligent in vetting partners to ensure their service promises align with operational realities. The transaction is pending final shareholder and regulatory approvals. Observers and businesses that rely on third-party logistics partners will be closely watching for the deal's closing, the successful TSX listing, and the company's subsequent execution on its plans to build out its automated sorting infrastructure.