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The news page for ShoulderUp Technology Acquisition Corp. (SUAC) provides an archive of announcements and updates about the SPAC and its business combination with SEE ID, Inc., doing business as Dot Ai. Company communications describe ShoulderUp as a blank check company, or special purpose acquisition company (SPAC), formed to enter into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Over time, the primary focus of SUAC-related news has been its proposed and completed transaction with Dot Ai, a startup at the forefront of asset intelligence technology.
Readers can find coverage of key milestones in the business combination process, including the March 18, 2024 business combination agreement between Dot Ai and ShoulderUp, the filing of a Registration Statement on Form S-4 with the U.S. Securities and Exchange Commission, and the SEC’s declaration of effectiveness of that registration statement. News items also describe the scheduling and conduct of special meetings of ShoulderUp shareholders to vote on proposals related to the transaction.
Later releases highlight financing plans and completed financings associated with the combination, such as a proposed private offering and equity line of credit, as well as a $12 million PIPE investment raised by Dot Ai in connection with the closing of the business combination. The June 20, 2025 announcement that the business combination had closed, and that Dot Ai’s Class A common stock and warrants would trade on Nasdaq under the symbols "DAIC" and "DAICW", is a central event in the SUAC news record.
Earlier communications from ShoulderUp also address corporate actions such as postponement of a special meeting of stockholders and the assignment of trading symbols SUAC, SUACU and SUACW by FINRA for quotation and trading in the over-the-counter market. Together, these items give investors and observers a structured view of how the SPAC progressed from formation through its combination with Dot Ai and the resulting Nasdaq listing under the DAIC ticker.
ShoulderUp Technology Acquisition Corp. announced the postponement of its Special Meeting of Stockholders from May 15, 2024 to May 17, 2024. The meeting will be held virtually at 3:00 p.m. ET. The record date remains April 19, 2024, allowing stockholders of that date to vote or change their votes if needed. The deadline for submitting Public Shares for redemption in relation to the Charter Amendment Proposal has been extended to the new meeting time. Stockholders can withdraw their redemption requests before the rescheduled meeting.
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ShoulderUp Technology Acquisition Corp. (NYSE: SUAC) announced the approval of proposals to amend its Investment Management Trust Agreement and Certificate of Incorporation, extending the deadline for finalizing a business combination from May 19, 2023, to November 19, 2023. During the vote, stockholders redeemed 25,845,428 shares at approximately $10.43 each, totaling about $269.6 million. Following these redemptions, approximately $43.3 million will remain in the trust account, and 4,154,572 shares will be outstanding.
This extension allows ShoulderUp additional time to identify potential business combinations, enhancing its strategic position in the market.
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