Naseem Saloojee, the CEO and chairman of SUMA Acquisition Corp, disclosed beneficial ownership of 26.02% of the company’s ordinary shares. The filing, submitted on Mar. 18, 2026, reflects sponsor founder shares and private placement units issued around the company’s March IPO. The position gives Saloojee and affiliated sponsors significant influence as the SPAC seeks a business combination.
Investor Intent
Saloojee holds the shares for investment and, under a letter agreement, commits to back the SPAC’s merger plans. He and the sponsors agreed "to vote their shares in favor of any proposed business combination" and "not to redeem any shares" in connection with that vote.
Select securities are locked up until 30 days after the merger closes, and the sponsors hold registration rights for future sales. SUMA Acquisition Corp remains a blank-check vehicle, and the group may buy or sell more shares as they evaluate a potential deal.
Investor's Background
Naseem Saloojee is a Canadian executive who serves as CEO and chairman of SUMA Acquisition Corp. He is the sole director of SUMA Management Corporation, the general partner of the SPAC’s sponsor entities, and may be deemed to control their voting and investment decisions. As a SPAC sponsor leader, he focuses on sourcing and negotiating a merger with a private company to take it public.
Original SEC Filing:
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