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.