---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017703"
form_type: "8-K"
ticker: null
cik: "0001281845"
company_name: "Unique Logistics International, Inc."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T22:57:45.459211+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Unique Logistics to acquire Singapore subsidiary for $2.15M via cash, note from related party

## Summary
- Purchase price: $350,000 cash + assumption of $1,800,000 debt, funded by promissory note to seller.
- Seller is Unique Logistics Holdings Limited; buyer's director Patrick Lee is also a seller director.
- Richard Lee, seller owner, is an affiliate of the company through Great Eagle Freight Limited.
- Closing subject to customary conditions; purchase price adjustable up to $150,000 cap.

## SEC filing metadata
- accession: 0001493152-24-017703
- form_type: 8-K
- cik: 0001281845
- company_name: Unique Logistics International, Inc.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1281845/000149315224017703/0001493152-24-017703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1281845/000149315224017703/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017703
- JSON: https://secwatch.observer/filing/0001493152-24-017703.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017703.txt

## Key facts
- Debt Financings
  Unique Logistics International, Inc. incurred loan of US$1,800,000 with Unique Logistics Holdings Limited.
  - Instrument: loan
  - Principal: US$1,800,000
  - Counterparty: Unique Logistics Holdings Limited
  - Event: incurrence
  source text: the Buyer is borrowing from Seller US$1,800,000 and is issuing to the Seller in exchange therefor a promissory note in the corresponding amount of US$1,800,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1281845/000149315224017703/0001493152-24-017703-index.htm
- Material Agreements
  Unique Logistics International, Inc. entered into Share Sale and Purchase Agreement with Unique Logistics Holdings Limited valued at US$350,000 cash consideration plus assumption of US$1,800,000 indebtedness (total purchase price up (effective 2024-04-29).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Unique Logistics Holdings Limited
  - Value: US$350,000 cash consideration plus assumption of US$1,800,000 indebtedness (total purchase price up
  - Effective: 2024-04-29
  source text: On April 29, 2024, Unique Logistics International, Inc. (the “Company”) entered into a Share Sale and Purchase agreement (the “Purchase Agreement”), by and between the Company and Unique Logistics Holdings Limited, a Hong Kong corporation (the “Seller”), providing for the acquisition by the Company of all of Seller’s share capital (the “Shares”) in Unique Logistics International (Sin) Pte Ltd. (“Unique Singapore”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1281845/000149315224017703/0001493152-24-017703-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.