SUMA Acquisition closes IPO of 17.25M units at $10, raising $172.5M

SUMA Acquisition Corp

IPO of 17,250,000 units at $10.00/unit, including full over-allotment, gross proceeds $172.5M.
Private placement of 446,250 units at $10.00/unit to sponsors and Seaport Global, gross proceeds $4.46M.
Trust account holds $172.5M in cash; $10.00 per public share redemption value.
Audited balance sheet shows total assets $174.06M, shareholders' deficit $5.78M from accumulated deficit.
Company has 24 months from IPO to complete an initial business combination.

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