UniUni seeks new round of private funding as SPAC deal falters

UniUni has entered into a term sheet for a new round of private funding shortly after the company’s billion-dollar merger was called into question. The news: On Thursday, MAK Acquisition Corp, a special purpose acquisition company (SPAC) headed up by ex-Dye & Durham CEO Matthew Proud, sent a notice of breach to UniUni, alleging the company’s deteriorating finances had breached the conditions of a merger agreement the two organizations struck last May. The following morning, UniUni announced it w