Briones David S. 4
4 · Unique Logistics International, Inc. · Filed May 15, 2025
Insider Transaction Report
Form 4
Briones David S.
Director
Transactions
- Disposition to Issuer
Series A Convertible Preferred Stock
2025-05-14$35.81/sh−20,000$716,110→ 0 total
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger by and among Unique Logistics International, Inc., ("UNQL"), DP World Logistics US Holdings, Inc. ("Parent"), and Unique Merger Co., a wholly owned subsidiary of Parent, dated March 11, 2025, Unique Merger Co. merged with and into UNQL, with UNQL surviving as a wholly owned subsidiary of Parent. At the effective time of the merger, each share of Series A Convertible Preferred Stock converted into the right to receive a lump-sum cash payment equal to $0.0037 per share of Common Stock, multiplied by 9,677.1581, the number of shares of Common Stock issuable upon conversion of each Series A share pursuant to its Certificate of Designation, including applicable anti-dilution provisions.