Vancouver-based last-mile delivery company UniUni plans to go public through a reverse takeover with special purpose acquisition company MAK Acquisition Corp. in a transaction valuing UniUni at approximately US$1 billion.

The companies said the deal is expected to make UniUni a publicly listed company, subject to regulatory and customary approvals, and would rank among the largest go-public transactions in Canada’s technology sector in recent years. UniUni said it expects revenue to surpass $1 billion in 2026, up from $113 million in 2023, with significant organic growth anticipated in 2027.

UniUni said it currently processes more than one million parcels daily across Canada and the United States through a network of more than 100,000 registered drivers. The company said about 80% of its revenue is generated in the United States, with the remaining 20 per cent coming from Canada.

“We are excited to bring one of the fastest-growing companies in the country, and a true Canadian champion, to market,” said Mark Proud, chairman of MAK Acquisition. “We look forward to partnering with management as UniUni embarks on the next stage of its journey to be the leading global last-mile delivery platform.”

Peter Lu, founder and CEO of UniUni, said the company continues to grow alongside the expansion of ecommerce across North America.

“We believe our technology-enabled platform and flexible operating model position us well to support the evolving needs of customers as we continue investing in automation and long-term growth,” he added.

The company said proceeds from an up to $100-million private placement, together with remaining escrowed funds from MAK Acquisition, will be used to develop automated super-sorting centres across its network. UniUni said the investment is expected to increase processing capacity to as many as three million packages per day.

The combined company is expected to list on the Toronto Stock Exchange under the symbols UN and UN.W, with the companies also pursuing a near-term Nasdaq cross-listing following completion of the transaction. Closing is expected in the second half of 2026.

Under the agreement, MAK Acquisition will acquire all outstanding UniUni shares in exchange for shares priced at $10 each. Assuming no shareholder redemptions and a full $100-million financing raise, existing UniUni shareholders are expected to own about 78% of the resulting company, while MAK Acquisition shareholders and private-placement investors would own approximately 12% and 10%, respectively.

Photo: UniUni

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