News Summary

UniUni, a Richmond, BC-based last-mile delivery company, is facing a lawsuit from its customer Point2Point Global. The lawsuit alleges that UniUni deliberately withheld the delivery of thousands of Point2Point’s packages after losing a contract to a competitor. This legal dispute arises as UniUni is preparing to go public on the Toronto Stock Exchange through a merger with a special purpose acquisition company, which values the combined entity at over $1 billion USD. The lawsuit claims that UniUni unjustly charged fees for undelivered packages and used trade secrets to solicit Point2Point’s clients. UniUni denies these allegations and maintains that the lawsuit is without merit.