Third-party logistics provider Unique Logistics filed Tuesday for a public offering with an estimated deal size of $41 million, according to IPO Pro. Pricing terms of the transaction were not disclosed but the company said it expects to receive net proceeds of $35.5 million without the benefit of a customary 15% over-allotment option.
New York-based Unique Logistics (OTC: UNQL) currently trades over the counter with a market cap of $22.9 million. The proceeds from the deal are expected to be used for general corporate purposes, which includes working capital and acquisitions.
Unique Logistics plans to list its common stock on the Nasdaq under the same ticker.