MAK Acquisition Terminates Uni Express Agreement

04:00 PM EDT, 10/20/2026 (MT Newswires) -- MAK Acquisition Corp. (MAK-U.TO) terminated its agreement to acquire Uni Express, which if successful, would have resulted in a reverse take-over transaction between MAK and UniUni, the company said on Tuesday. The special purpose acquisition company delivered a notice of breach to UniUni last month, over its breach of an interim covenant to operate its business within certain parameters, the statement said. UniUni had 15 business days following the notice to cure the breach. The notice period expired on Oct. 19. MAK will continue its search for niche-market businesses with a view to completing a qualifying acquisition, it said. MAK shares were unchanged at CA$10.00 on the Toronto Stock Exchange.