Edify Acquisition today in an 8-K said it has convered 6.9 million sponsor shares into a like number of Class A shares.
That boosted the total shares outstanding to 7,890,429, according to the filing.
The SPAC has a merger agreement with Unique Logistics, a global logistics and freight forwarding company. The deal was announced in December 2022.
Edify raised $276 million in a January 2021 IPO with plans at the time to target businesses in education, edtech, workforce development, and HCM sectors in the United States. Redemptions since the float have taken a big bite out of the trust. Read more.
