<?xml version="1.0" encoding="UTF-8"?><!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com --><!-- Created: Thu Feb 05 20:24:41 UTC 2026 --><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:common="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001304857</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A Ordinary Shares, par value $0.0001</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>01/29/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0002098669</issuerCik>
        <issuerName>United Acquisition Corp. I</issuerName>
        <issuerCusip>G92ALM124</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <common:street1>7100 W. Camino Real, Suite 302-48</common:street1>
          <common:city>Boca Raton</common:city>
          <common:stateOrCountry>FL</common:stateOrCountry>
          <common:zipCode>33433</common:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>MMCAP International Inc. SPC</reportingPersonName>
      <citizenshipOrOrganization>E9</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>1050000</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>1050000</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1050000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>7.7</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>The number of Shares beneficially owned by the Reporting Person consists of 1,050,000 Units, each unit convertible into one Class A Ordinary Share, par value $0.0001, and warrants exercisable for an additional 262,500 Class A Ordinary Shares, par value $0.0001.  The warrants are not exercisable for 12 months or until the Issuer enters into a business combination transaction.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>MM Asset Management Inc.</reportingPersonName>
      <citizenshipOrOrganization>A6</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>1050000</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>1050000</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1050000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>7.7</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>The number of Shares beneficially owned by the Reporting Person consists of 1,050,000 Units, each unit convertible into one Class A Ordinary Share, par value $0.0001, and warrants exercisable for an additional 262,500 Class A Ordinary Shares, par value $0.0001.  The warrants are not exercisable for 12 months or until the Issuer enters into a business combination transaction.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>United Acquisition Corp. I</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>7100 W. Camino Real, Suite 302-48, Boca Raton, FL 33433</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>i) MMCAP International Inc. SPC
ii)  MM Asset Management Inc.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>i) c/o Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, P. O. Box 1348, Grand Cayman KY1-1108, Cayman Islands
ii)  161 Bay Street, TD Canada Trust Tower, Suite 2240, Toronto, Ontario M5J 2S1 Canada</principalBusinessOfficeOrResidenceAddress>
        <citizenship>i) Cayman Islands
ii)  Ontario, Canada</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>1,050,000</amountBeneficiallyOwned>
        <classPercent>7.7%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>1,050,000</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>1,050,000</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <exhibitInfo>Exhibit 99.1 Joint Filing Agreement</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>MMCAP International Inc. SPC</reportingPersonName>
      <signatureDetails>
        <signature>Ulla Vestergaard</signature>
        <title>Director</title>
        <date>02/05/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>MM Asset Management Inc.</reportingPersonName>
      <signatureDetails>
        <signature>Hillel Meltz</signature>
        <title>President</title>
        <date>02/05/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>

</edgarSubmission>
