---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-025178"
form_type: "8-K"
ticker: null
cik: "0001885461"
company_name: "ShoulderUP Technology Acquisition Corp."
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T09:18:03.117154+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SUAC signs BCA with SEE ID; requires $6M min cash, $50-100M credit line, employment pacts

## Summary
- Two-step merger: ShoulderUp Merger Sub merges into SUAC, then SEI Merger Sub merges into SEE ID; Holdings becomes new public company.
- Closing requires SUAC to have at least $6M cash post-redemptions; Holdings must obtain $50M-$100M line of credit.
- Sponsor shares locked up 180 days; 2,650,000 shares vest at $15 and $20 stock price targets for 20 of 30 trading days.
- No termination fee; deal must close by Aug 31, 2024; conditions include SEC S-4 effectiveness and Nasdaq listing.
- SEE ID stockholders with majority votes support deal; Sponsor also commits to vote in favor; no appraisal rights.

## SEC filing metadata
- accession: 0001213900-24-025178
- form_type: 8-K
- cik: 0001885461
- company_name: ShoulderUP Technology Acquisition Corp.
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1885461/000121390024025178/0001213900-24-025178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1885461/000121390024025178/ea0201541-8k425_shoulder.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-025178
- JSON: https://secwatch.observer/filing/0001213900-24-025178.json
- Plain text: https://secwatch.observer/filing/0001213900-24-025178.txt

## Key facts
- Material Agreements
  ShoulderUP Technology Acquisition Corp. entered into Business Combination Agreement with SEE ID, Inc. (effective 2024-03-18).
  - Action: entry
  - Agreement: merger
  - Counterparty: SEE ID, Inc.
  - Effective: 2024-03-18
  source text: On March 18, 2024, ShoulderUp Technology Acquisition Corp., a Delaware corporation (“ ShoulderUp ”), entered into a Business Combination Agreement (the “ Business Combination Agreement ”) by and among CID Holdco, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of ShoulderUp (“ Holdings ”), ShoulderUp Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Holdings (“ ShoulderUp Merger Sub ”), SEI Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Holdings (“ SEI Merger Sub ” and together with ShoulderUp Merger Sub, the “ Merger Subs ”), and SEE ID, Inc., a Nevada corporation (collectively with any predecessor entities, the “ Company ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1885461/000121390024025178/0001213900-24-025178-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.