Edify Acquisition (EAC)
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Green Technologies in Action: Earth Alive and Eldorado Gold Quebec Collaborate for Responsible Mining Operations
GlobeNewswire News Room· 2024-06-04 15:57
Core Viewpoint - Earth Alive Clean Technologies Inc. has renewed its strategic partnership with Eldorado Gold Quebec, focusing on environmentally-friendly microbial solutions in the mining industry [1][5]. Group 1: Partnership Details - The partnership integrates Earth Alive's Interlube bio-lubricants, showcasing both companies' commitment to sustainable mining practices [2]. - Eldorado Gold Quebec has been utilizing biodegradable oils since 2017, with its entire fleet of underground mobile equipment now using these oils, marking a first in the industry [2]. Group 2: Product Benefits - The adoption of biological oils has significantly reduced environmental risks associated with Eldorado Gold Quebec's operations, as these lubricants are biodegradable and non-toxic [4]. - The use of these lubricants helps mitigate soil and groundwater pollution risks in case of spills, while also ensuring reliable performance in harsh mining conditions [4]. Group 3: Company Statements - The CEO of Earth Alive emphasizes the company's ability to provide a comprehensive range of ecological solutions tailored to the mining industry [5]. - Eldorado Gold Quebec's Director of Operations highlights that using Earth Alive's products aligns with their sustainable development vision, allowing them to exceed environmental commitments [5]. - The partnership is seen as a step towards demonstrating that economic performance and social responsibility can coexist [5]. Group 4: Company Overview - Earth Alive is recognized as a leader in the microbial technologies sector, contributing to regenerative agriculture, natural dust suppression, and eco-friendly industrial cleaning [6].
Edify Acquisition Corp. to Liquidate
Newsfilter· 2024-03-07 02:56
NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Edify Acquisition Corp. (NASDAQ:EAC) (the "Company") announced that the Company and Unique Logistics International, Inc. ("UNQL") have mutually agreed to terminate the previously announced business combination agreement between the Company and UNQL, and pursuant to its Amended and Restated Certificate of Incorporation, the Company intends to dissolve and liquidate promptly after March 12, 2024. The Company will redeem all of the outstanding public shares of comm ...
Edify Acquisition (EAC) - 2023 Q3 - Quarterly Report
2023-11-14 22:01
Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to EDIFY ACQUISITION CORP. (Exact Name of Registrant as Specified in Charter) (State or Other Jurisdiction of Incorporation) Identification No.) 888 7th Avenue, Floo ...
Edify Acquisition (EAC) - 2023 Q2 - Quarterly Report
2023-08-14 22:50
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to EDIFY ACQUISITION CORP. (Exact Name of Registrant as Specified in Charter) (Commission File Number) Delaware 001-39899 85-3274503 (IRS Employer Ident ...
Edify Acquisition (EAC) - 2023 Q1 - Quarterly Report
2023-05-19 21:27
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 (Exact Name of Registrant as Specified in Charter) (Commission File Number) Delaware 001-39899 85-3274503 (IRS Employer Identification No.) 888 7th Avenue, Floor 29 New York, NY 10106 (Address of Principal Executive Offices) (Zip Code) OR (212) 603-2800 ☐ TRANSITION REPORT PU ...
Edify Acquisition (EAC) - 2022 Q4 - Annual Report
2023-04-10 23:48
Financial Performance - For the year ended December 31, 2022, the company reported a net income of approximately $11.1 million, consisting of $9.0 million from the change in fair value of warrant liabilities and $3.8 million in interest earned on marketable securities [75]. - The company generated non-operating income from interest on marketable securities held in the Trust Account, with interest income of $3,796,223 for the year ended December 31, 2022 [79]. - As of December 31, 2022, the company had a working capital deficit of $899,400, excluding permitted withdrawals for taxes [87]. - Net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding [97]. Initial Public Offering - The company completed its Initial Public Offering on January 20, 2021, raising gross proceeds of $276 million from the sale of 27,600,000 Units at $10.00 per Unit [77]. Acquisition Plans - The company expects to incur significant costs in pursuing its acquisition plans and cannot assure the success of its Business Combination [65]. - The proposed Merger with Unique Logistics International, Inc. is expected to be consummated after receiving necessary approvals from stockholders [68]. - Unique Logistics stockholders may earn up to 1,250,000 additional shares of the company's Class A Common Stock if the trading price exceeds $12.00 per share during a specified period [72]. - The company intends to use funds held in the Trust Account primarily for acquiring a target business and covering related expenses [81]. - The company has determined that if it cannot complete a Business Combination by April 20, 2023, it will cease operations except for liquidation purposes [88]. Financial Position - As of December 31, 2022, the company had $19,376,793 in the trustee's cash operating account and $775,917 in money market securities held in the Trust Account [81]. - As of December 31, 2022, the company has no off-balance sheet financing arrangements or obligations [89]. Fees and Expenses - The company incurs a monthly fee of $10,000 for office space and administrative services, starting from January 14, 2021, until the completion of the Business Combination or liquidation [90]. - Underwriters are entitled to a deferred fee of $0.35 per share, totaling $9,660,000, which may be reduced by $6,016,800 upon the completion of the proposed business combination [91]. Accounting and Reporting - The company accounts for warrants as liabilities at fair value, subject to re-measurement at each balance sheet date until exercised [95]. - Class A common stock subject to possible redemption is classified as temporary equity due to uncertain future events outside the company's control [96]. - Management does not anticipate that recently issued accounting standards will materially affect the financial statements [98].
Edify Acquisition (EAC) - 2022 Q3 - Quarterly Report
2022-11-10 22:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to EDIFY ACQUISITION CORP. New York, NY 10106 (Address of Principal Executive Offices) (Zip Code) (212) 603-2800 (Registrant's Telephone Number, In ...
Edify Acquisition (EAC) - 2022 Q2 - Quarterly Report
2022-08-15 21:36
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to EDIFY ACQUISITION CORP. (Exact Name of Registrant as Specified in Charter) | --- | --- | --- | |---------------------------------|--------------|---- ...
Edify Acquisition (EAC) - 2022 Q1 - Quarterly Report
2022-05-13 20:47
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to EDIFY ACQUISITION CORP. (Exact Name of Registrant as Specified in Charter) | --- | --- | --- | |---------------------------------|--------------|--- ...
Edify Acquisition (EAC) - 2021 Q4 - Annual Report
2022-03-31 01:33
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39899 EDIFY ACQUISITION CORP. (Exact name of registrant as specified in its charter) | --- | --- | |------------------------------- ...