Edify Acquisition Corp. and Unique Logistics mutually terminate merger agreement March 1, 2024

Edify Acquisition Corp.

Mutual termination of the Merger Agreement effective March 1, 2024, by Edify Acquisition Corp., Merger Sub, and Unique Logistics International, Inc.
Original Merger Agreement dated December 18, 2022, as amended July 19 and September 18, 2023, is terminated with no further force.
Parties waive all claims and release each other from obligations related to the Merger Agreement and Transaction Agreements.
Sections on no claim against trust account and confidentiality survive termination.
As a SPAC, Edify Acquisition Corp. will likely need to find a new target or dissolve.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Edify Acquisition Corp. terminated Mutual Termination Agreement with Edify Acquisition Corp., Colbeck Edify Holdings, LLC, Unique Logistics International, Inc. valued at Mutual termination of Merger Agreement (effective 2024-03-01).

Action: termination
Agreement: merger
Counterparty: Edify Acquisition Corp., Colbeck Edify Holdings, LLC, Unique Logistics International, Inc.
Value: Mutual termination of Merger Agreement
Effective: 2024-03-01

Exact text from the filing

On March 1, 2024, Buyer, Merger Sub and Company entered into a Mutual Termination Agreement (“ Mutual Termination Agreement ”), pursuant to which the parties mutually agreed to terminate the Merger Agreement effective as of such date

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Source: SEC EDGAR

accession 0001213900-24-018773

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