secwatch.observer — SEC 8-K summary
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Issuer:     Unique Logistics International, Inc. (—)
CIK:        0001281845
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001493152-24-017703
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1281845/000149315224017703/0001493152-24-017703-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1281845/000149315224017703/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017703

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer