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Sunday, December 27, 2020 11:12:57 PM
Pay attention to the exact names because it gets confusing.
8K 10/13/2020
https://www.sec.gov/Archives/edgar/data/1281845/000107878220000754/f8k100620_8k.htm
The first paragraph explains that Unique Logistics Holdings of Hong Kong (ULHK) bought 60% of Unique Logistics International ATL of Atlanta (ULATL); 80% of Unique Logistics International BOS of Boston (ULBOS); and 65% of Unique Logistics International USA of New York (USA).
The last three paragraphs explain that Unique Logistics Holdings purchased the remaining 40% of ULATL, the remaining 20% of ULBOS, and the remaining 35% of USA NY.
So the people who bought our shell, ULHK, have bought 100% of each of the above mentioned companies.
What's more intriguing about this 8K is, it opens the door for future expansion with options to buy 50% of UL China, and 65% of UL India in the next 12 months!
It is my opinion that we could see another major merger announcement not long after the paperwork from this transaction is completed.
I don't think we'll be disappointed with the scope of this merger. The joining of forces will strengthen the company as a whole, and those other buyout options are quite substantial.
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