05:05 AM EST, 03/07/2024 (MT Newswires) -- Edify Acquisition ( EAC ) said Wednesday it is planning to dissolve and liquidate after March 12, following the termination of the company's business combination with Unique Logistics International.

The company said it will redeem all of its outstanding public common shares at an expected per-share redemption price of about $10.61.

The blank-check firm also expects to delist from Nasdaq.

As of March 12, the company's shares will be deemed canceled and will represent only the right to receive the expected per-share redemption price, the company said.