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UniUni secures private funding round from existing investor after SPAC merger deal falters due to deteriorating finances.
Round Type
Venture
RichmondE CommerceInvestors
Description
UniUni has entered into a term sheet for a new round of private funding led by an undisclosed existing investor, following a notice of breach from SPAC partner MAK Acquisition Corp. MAK alleged that UniUni's deteriorating financial performance breached merger agreement conditions struck in May. The delivery company, which operates a network of gig workers across Canada and the US, faces significant profitability challenges and multiple lawsuits. The new private round represents UniUni's effort to stabilize operations as its billion-dollar SPAC merger faces potential termination.
Fundz sees it the moment Uni Express (UniUni) raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Uni Express (UniUni) raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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