SUMA Acquisition completed an IPO of 17,250,000 units generating $172,500,000, with $172.5M placed in a U.S. trust account.
Key Highlights:
- IPO sold 17,250,000 units at $10.00 each, including full 2,250,000-unit over-allotment, gross proceeds $172,500,000.
- Private placement of 446,250 units raised $4,462,500; sponsors and underwriter purchased the Private Placement Units.
- $172,500,000 of net IPO and private placement proceeds held in U.S. trust account with Continental Stock Transfer & Trust.
- Transaction costs totaled $10,153,693, including $2,587,500 cash underwriting fees and $6,900,000 deferred underwriting fees.
- Audited balance sheet dated March 12, 2026 shows $172.5M cash in trust, total assets $174,059,798, and shareholders’ deficit $(5,780,235).
Original SEC Filing:
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