Unique Logistics Intl Inc (fka UNQL)

[LJ-Bodhi]

Same old trading. Up and down, up and down. Right back where she started. Happens all the time.

Here's some more information on the EAC deal from their prospectus filed 12/19:

https://www.sec.gov/Archives/edgar/data/1832765/000121390022080653/ea170231ex10-1_edifyacq.htm

This is the Sponsor Support Agreement executed by Colbeck. They own the 6.9m Founder Shares. They have agreed to forfeit and retire 1,713,139 of those shares upon close. That will leave 5,186,861 class B which will immediately convert to class A upon close. Not bad! 5m EAC shares that will be 5m UNQL shares once the deal closes.

EAC and UNQL already announced the entire full boat of UNQL shares, on a fully diluted basis, after all conversions, will become 28.2m EAC shares. It's in the prospectus and the 8k announcing the deal. 28.2m shares.

I already did the math (along with Mary) to give everyone the conversion rate of 0.0029 EAC shares for every 1 UNQL common share. It's a simple conversion. Multiply the number of UNQL shares you own before close by 0.0029 to understand how many EAC shares you will own after close.

Here is an example. If you own 1,000,000 UNQL shares before close, you will own 2,900 shares of EAC after close.

Next, with this support agreement, we know there will be at least 33,386,861 outstanding common shares of EAC after close (28.2m + 5,186,861). The last variable is the remaining 1,687,664 shares of EAC that have not been redeemed yet. (Remember, 25.9m out of 27.6m were already redeemed.) Therefore, the new total number of outstanding shares of EAC stock on Nasdaq after close will be somewhere between 33,386,861 and 35,074,525 shares.

If anyone believes UNQL will have a $350m market cap when it uplists to NASDAQ, the price will remain $10/share. If anyone believes it will have a $35m market cap, it will trade at $1/share. Maybe somewhere in between? Who knows, make your best educated guess, and trade accordingly.

Oh wait, and if it's a billion dollar company, it will trade at $28.50/share ....ROTFLMAO