Edify Acquisition Corp.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Ronald H. Schlosser
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 888 7th Avenue New York City NY United States of America 10106
- IPO Date
- Mar 1, 2021
- CIK
- 0001832765
- Website
- edifyacq.com
- Similar Companies
- Business
- Edify Acquisition Corp. (EAC) is a blank check company formed in 2020 and headquartered in New York that seeks to effect mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations, with a focus on the education, education technology (EdTech), workforce development, and human capital management industries primarily in the United States. As a special purpose acquisition company sponsored by Colbeck Edify Holdings LLC, it raised capital through an initial public offering in January 2021, generating no operational revenue and maintaining funds in trust for a target acquisition. In December 2022, EAC announced a definitive merger agreement with Unique Logistics International Inc., a global freight forwarding firm, valued at approximately $361 million including debt, which included equity consideration, earnout shares, and a $35 million debt facility; however, the parties mutually terminated the agreement on March 1, 2024, prompting EAC to redeem public shares at about $10.61 apiece, liquidate its trust account, delist from Nasdaq, and dissolve shortly after March 12, 2024.
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