Core Viewpoint - SUMA Acquisition Corporation has announced the pricing of its initial public offering (IPO) of 15,000,000 units at a price of $10.00 per unit, with trading expected to begin on March 11, 2026 [1] Group 1: IPO Details - The units will be listed on the Nasdaq Global Market under the symbol "SUMAU" and consist of one Class A ordinary share and one right to receive one-fifth (1/5) of a Class A ordinary share upon the completion of the initial business combination [1] - The closing of the offering is anticipated to take place on or about March 12, 2026, subject to customary closing conditions [1] Group 2: Company Purpose and Focus - The Company is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities [2] - The Company intends to focus its search for an initial business combination target in the United States and other developed markets across several technology-enabled sectors [2] Group 3: Underwriting and Options - Seaport Global Securities LLC acted as the lead book-running manager for the offering [3] - The Company has granted underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments [3]
SUMA Acquisition Corporation Announces Pricing of $150,000,000 Initial Public Offering