Innocap Inc (OTCMKTS: INNO) is making a powerful run up the charts from just under a penny to highs near a dime after the Company filed an 8k announcing a reverse merger with the new surviving entity being Unique Logistics, a global logistics and freight forwarding company. Unique logistics recently secured a $12 million debt financing, has done significant revenues in the past and has offices in Boston, Atlanta, Chicago, Los Angeles, New York and Hong Kong.
Reverse merger stocks are some of the hottest plays in small caps and Microcapdaily has covered many of them. RM stocks are the most parabolic in recent years rivaling only biotechs in their ability to make highly explosive short term moves. So far INNO has been no exception.
Innocap Inc (OTCMKTS: INNO) operating out of Jefferson, Texas is a clean shell that is up to date on their filings and a perfect reverse merger candidate. Previously the Company was operating out of Singapore before the change of control and was helping to assist Solar Resources to recover large shipments of tin from two sunken ships that are believed to be in the waters between Singapore, Indonesia and Malaysia.
INNO exploded up the charts starting on October 14 after the Company filed an 8k announcing a reverse merger whereby Unique, a logistics services company which provides a range of international services that enable its customers to outsource to it sections of their supply chain process. On the Closing Date which was October 8, pursuant to the terms of the Agreement, the Company acquired all of the outstanding capital stock of Unique. In exchange, the Company issued to the Unique Shareholders, their designees or assigns, 130,000 shares of Series A Preferred Stock and 870,000 Shares of Series B Preferred Stock which convert into 6,546,470,000 shares of the Company’s common stock, subject to beneficial ownership limitations and authorized capital stock of the Company. As part of the transaction, Star Exploration Corporation, a Texas corporation and wholly-owned subsidiary of the Company and Paul Tidwell, an individual in his capacity as the Split-Off Subsidiary purchaser, entered into a Split-Off Agreement. Pursuant to which, the Company, as seller, in consideration of the Cancellation and the assignment and assumption of $797,000 of the Company’s liabilities, sold to Mr. Tidwell all of the issued and outstanding shares of the Split-Off Subsidiary including and all assets related to the Company’s current business.
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The new Company trading under the ticker symbol INNO is Unique Logistics, a global logistics and freight forwarding company. The Company provides a range of international logistics services that enable its customers to outsource to the Company sections of their supply chain process. The services provided by Unique Logistics are seamlessly managed by its network of trained employees and integrated information systems. The Company enables its customers to share data regarding their international vendors and purchase orders with us, execute the flow of goods and information under their operating instructions, provide visibility to the flow of goods from factory to distribution center or store and when required, update their inventory records.
Unique Logistics’s services include Air Freight services, Ocean Freight services, Customs Brokerage and Compliance services, Warehousing and Distribution services, Order Management, and Air Freight Services. Operating as an Indirect Air Carrier (IAC) or an airfreight consolidator, Unique Logistics provides both time and cost-effective air freight options to its customers. An expansive global network enables the Company to offer door to door service enabling customers to benefit from our expert staff for guidance with the physical movement of cargo and documentation compliance. Cargo space is booked with the airline ahead of time and arrangements are made to receive the cargo into a designated warehouse.
Unique Logistics is a licensed United States customs broker ensuring importers are compliant with all required regulations. The Company operates warehousing facilities in Santa Fe Springs, CA and in Jamaica, NY and plans to expand such services through its own managed facilities. Unique Logistics also provides warehousing and distribution services through third party facilities.
$INNO there's no dips because there's no sellers. who would sell this today???? NOBODY
— Trader Jay (@whosgotstockpic) October 14, 2020
Currently running northbound in a hurry INNO is an exciting story developing in small caps; the Company just filed an 8k announcing a reverse merger with the new surviving entity trading under the ticker symbol INNO being Unique Logistics Holdings which operates through its wholly owned subsidiaries, UL ATL, UL BOS and UL NY together with “UL ATL”, UL BOS and Unique Logistics Holdings, Unique Logistics is a global logistics and freight forwarding company. Unique logistics recently secured a $12 million debt financing and the Company has offices in Boston, Atlanta, Chicago, Los Angeles, New York and Hong Kong. Reverse merger stocks are some of the hottest plays in small caps in recent years rivaling only biotechs in their ability to make highly explosive short term moves. So far INNO has been no exception. We will be updating on INNO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with INNO.
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Disclosure: we hold no position in INNO either long or short and we have not been compensated for this article.