RAY SUNANDAN 4
4 · Unique Logistics International, Inc. · Filed May 15, 2025
Insider Transaction Report
Form 4
RAY SUNANDAN
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Common Stock
2025-05-14$0.00/sh−22,086.324$82→ 0 total(indirect: By Frangipani Trade Services) - Disposition to Issuer
Series B Convertible Preferred Stock
2025-05-14$24.22/sh−667.738$16,174→ 0 total(indirect: By Frangipani Trade Services)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger by and between Unique Logistics International, Inc., a Nevada corporation ("UNQL"), DP World Logistics US Holdings. Inc. ("DP World"'), a Delaware corporation ("Parent"), and Unique Merger Co., a Nevada corporation and wholly- owned subsidiary of Parent, dated as of March 11, 2025 (the "Merger Agreement"), Unique Merger Co. will merge with and into UNQL, with UNQL surviving the merger, resulting in UNQL becoming a wholly owned subsidiary of DP World on the terms and subject to the conditions set forth in the Merger Agreement. At the effective time of the merger contemplated thereby (the "Effective Time"), each share of Common Stock converted into the right to receive a lump-sum cash payment equal to $0.0037 (the "Per Share Merger Consideration").
- [F2]Pursuant to the Merger Agreement. at the Effective Time. each share of Series B Convertible Preferred Stock converted into the right to receive a lump-sum cash payment equal to the Per Share Merger Consideration multiplied by 6,546.47. which is the number of shares of Common Stock that were issuable upon the conversion of such share of Series B Convertible Preferred Stock into shares of Common Stock pursuant to the Certificate of Designation of the Series B Convertible Preferred Stock.
- [F3]Mr. Ray owns 100% of Frangipani Trade Services. Inc.