Here are the 10-Q quarterly reports from SUMA Acquisition Corporation (SUMA) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SUMA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SUMA filings page.
SUMA Acquisition Corporation, a Cayman Islands SPAC, reported its first post-IPO quarter for the period ended June 30, 2026. The company has not yet identified a definitive business combination target and generates only non-operating income from its trust investments.
The March 12, 2026 IPO raised $172,500,000 from 17,250,000 Public Units at $10.00 each, plus $4,462,500 from 446,250 Private Placement Units. As of June 30, 2026, $174,350,350 (including interest) was held in a U.S. trust account, equal to $10.11 per Public Share. These 17,250,000 Class A shares are recorded as temporary equity subject to redemption.
For the three and six months ended June 30, 2026, SUMA reported net income of $1,328,840 and $1,480,861, respectively, driven by $1,531,168 and $1,850,350 of interest on trust assets, partially offset by general and administrative costs of $202,328 and $369,489. Total assets were $175,526,517, including $973,871 of cash outside the trust and working capital of $798,202. A deferred underwriting fee of $6,900,000 will be payable only upon completion of a business combination, which must occur by March 12, 2028 under the current combination period.
SUMA Acquisition Corporation, a Cayman Islands SPAC, reports its first quarter as a public company after completing its March 12, 2026 IPO. It raised $172,500,000 from the sale of 17,250,000 public units, which, together with private placement proceeds, funded a Trust Account holding $172,819,182 as of March 31, 2026 at about $10.02 per public share.
Outside the Trust Account, SUMA held $1,167,663 of cash and reported working capital of $984,296, giving it resources to search for an acquisition. For the three months ended March 31, 2026, it recorded net income of $152,021, driven by $319,182 of interest on Trust investments offset by $167,161 of general and administrative costs.
The company has until March 12, 2028, subject to potential shareholder-approved extensions, to complete a qualifying business combination or redeem public shares and liquidate. Sponsors have backstopped certain creditor claims and may provide up to $1,500,000 in convertible working capital loans if needed.