MAK Acquisition ends UniUni listing deal over alleged loss-limit breach

The termination ends UniUni's planned route to going public through a combination with MAK Acquisition. The SPAC says the delivery company breached a commitment to limit losses. The agreement dated to May, according to The Globe and Mail, while BetaKit reports that MAK described the alleged breach as incurable.

• Matt Proud leads MAK Acquisition, according to The Globe and Mail.

Covered by 2 publishers within 6 hours of the first report.

• BetaKit: UniUni go-public deal falls through as SPAC terminates agreement

Reporting2

BK BetaKit UniUni go-public deal falls through as SPAC terminates agreement · Trevor Nichols 11:33 AM

GAM The Globe and Mail Matt Proud-led SPAC makes good on threat to terminate combination with UniUni · Sean Silcoff 5:03 PM

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Topics Data breaches