SUMA Acquisition Corporation closes $172.5M IPO including full over-allotment

SUMA Acquisition Corp

Gross proceeds of $172.5M from 17.25M units at $10/unit; underwriters exercised over-allotment of 2.25M units.
Simultaneous private placement of 446,250 units at $10/unit raised $4.46M from sponsor and Seaport.
Total of $172.5M placed in trust account for public shareholders; trust funds held until business combination or liquidation.
Board appointed: Naseem Saloojee (CEO/Chair), David King (CFO/director), and five independent directors.
Blank-check company will focus search in U.S. and other developed markets across technology-enabled sectors.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

SUMA Acquisition Corp issued 446,250 units of unit to SUMA Sponsor LP, SUMA Canada II Sponsor LP, and Seaport Global Securities LLC for $10.00 per Private Placement Unit for an aggregate purchase price of $4,462,500.

Security: unit
Shares: 446,250 units
Purchaser: SUMA Sponsor LP, SUMA Canada II Sponsor LP, and Seaport Global Securities LLC
Consideration: $10.00 per Private Placement Unit for an aggregate purchase price of $4,462,500

Exact text from the filing

the Company completed the private sale of an aggregate of 446,250 units (the “Private Placement Units”) to the Sponsor and Seaport at a price of $10.00 per Private Placement Unit for an aggregate purchase price of $4,462,500.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SUMA Acquisition Corp: Filed amended and restated memorandum and articles of association in connection with IPO (effective 2026-03-10).

Change: charter amendment
Effective: 2026-03-10

Exact text from the filing

On March 10, 2026, in connection with the IPO, the Company filed its amended and restated memorandum and articles of association (the “Amended and Restated Memorandum and Articles of Association”) with the Cayman Islands Registrar of Companies, became effective on March 10, 2026.

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SUMA Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001213900-26-027737

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