SUMA Acquisition Corporation (Nasdaq: SUMA) said holders of IPO units may elect to separately trade its Class A ordinary shares and rights beginning April 20, 2026. The separated Class A shares will trade as SUMA and rights as SUMAR; unsplit units remain under SUMAU.
No fractional rights will be issued upon separation, and the announcement does not constitute an offer to sell or solicit purchase of securities where unlawful prior to registration or qualification.
SUMA Acquisition Corporation (NASDAQ:SUMAU) closed its initial public offering on March 13, 2026, selling 17,250,000 units at $10.00 per unit, including 2,250,000 units from the underwriters' full over-allotment option, raising $172,500,000 in gross proceeds.
$172,500,000 of proceeds were placed in the company trust account for public shareholders. Units began trading on Nasdaq Global Market on March 11, 2026 under SUMAU; Class A shares and rights are expected to trade as SUMA and SUMAR after separation. The company is a blank check vehicle targeting technology-enabled sectors in developed markets.
SUMA Acquisition Corporation (NASDAQ: SUMAU) priced an initial public offering of 15,000,000 units at $10.00 per unit, raising $150,000,000 before any over-allotment. Units are expected to begin trading on March 11, 2026 on the Nasdaq Global Market under SUMAU.
Each unit contains one Class A ordinary share and one right to receive one-fifth of a Class A share upon consummation of an initial business combination. The underwriters have a 45-day option for 2,250,000 additional units. Closing is anticipated on or about March 12, 2026.