Unique Logistics International, Inc. (OTCPK:UNQL) agreed to acquire Unique Logistics International (sin) Pte. Ltd. from Unique Logistics Holdings Limited for $2.15 million on April 29, 2024. The consideration consists of $0.35 million in cash.

Unique Logistics International has assumed debt of Unique Logistics International (sin) Pte. Ltd. of $1.8 million which shall be funded by a loan from Unique Logistics Holdings Limited to Unique Logistics International as evidenced by issuance of a promissory note by Unique Logistics International in favour of Unique Logistics Holdings Limited. Closing is subject to both Unique Logistics International and Unique Logistics Holdings Limitedhaving obtained necessary governmental, regulatory and corporate (including shareholder) authorizations as well as third party approvals and consents, for the entering into of this Agreement and the performance of the obligations undertaken by the Unique Logistics Holdings Limited and Unique Logistics International, Inc hereunder and of completion of Unique Logistics International's due diligence investigation