Core Viewpoint - ShoulderUp Technology Acquisition Corp. is pursuing various financing alternatives, including a private offering of up to $7 million in common stock, in connection with its business combination with SEE ID, Inc. [1] Financing Details - The net proceeds from the offering and/or equity line of credit (ELOC) will be utilized to meet the closing conditions of the business combination and to support ongoing operations of the combined entity [2] - The securities offered have not been registered under the Securities Act and will be sold only to qualified institutional buyers and non-U.S. persons [3] Company Overview - ShoulderUp is a special purpose acquisition company (SPAC) established to engage in mergers, capital stock exchanges, asset acquisitions, and similar business combinations [5]
ShoulderUp Technology Acquisition Corp. Announces Proposed $7 Million PIPE and ELOC