Polar AM holds 1.3M SUMA shares, reports 7.4% stake (SUMA)

Rhea-AI Filing Summary

SUMA Acquisition Corp ownership update: Polar Asset Management Partners Inc. reports beneficial ownership of 1,300,000 Class A ordinary shares as of 03/31/2026, representing 7.4% of the class. The filing states Polar has sole voting and sole dispositive power over these shares.

The statement is filed on behalf of Polar as investment advisor to Polar Multi-Strategy Master Fund and is signed by the Chief Compliance Officer on 05/15/2026.

Insights

Institutional Ownership Analyst

Polar reports a 7.4% stake in SUMA via PMSMF.

Polar Asset Management Partners Inc. discloses beneficial ownership of 1,300,000 shares of Class A common stock as of 03/31/2026. The filing attributes both sole voting power and sole dispositive power to Polar for the reported shares.

This Schedule 13G is a passive ownership disclosure common for institutional holders. Subsequent filings would show any change in percent or voting treatment.

Corporate Governance Specialist

Filing clarifies control and reporting relationship.

The statement is filed by Polar as investment advisor to Polar Multi-Strategy Master Fund, indicating the shares are held through a managed fund. The filing explicitly lists sole voting and dispositive powers of 1,300,000 shares, which matters for governance thresholds.

Any shift from passive to active intent or changes in voting/dispositive power would be reported in amended schedules.

Key Figures

Beneficial ownership: 1,300,000 shares Percent of class: 7.4% Voting power: 1,300,000 shares +2 more

5 metrics

Beneficial ownership 1,300,000 shares Class A ordinary shares as of 03/31/2026

Percent of class 7.4% Percent of Class A ordinary shares as of 03/31/2026

Voting power 1,300,000 shares Sole power to vote or to direct the vote

Dispositive power 1,300,000 shares Sole power to dispose or direct disposition

CUSIP G8557R129 SUMA Acquisition Corp Class A ordinary shares

Key Terms

Schedule 13G, beneficially owned, sole dispositive power, CUSIP

4 terms

Schedule 13G regulatory

"This statement is filed by Polar Asset Management Partners Inc."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Amount beneficially owned: 1,300,000"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 1,300,000"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

CUSIP technical

"CUSIP Number(s): G8557R129"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 01:12 PM Learn about SEC filing dates

FAQ

What stake does Polar Asset Management report in SUMA (SUMA)?

Polar Asset Management reports beneficial ownership of 1,300,000 shares, equal to 7.4% of Class A ordinary shares as of 03/31/2026. The filing lists both sole voting and sole dispositive power over those shares.

Who holds the reported shares for Polar Asset Management in SUMA?

The shares are held by Polar Multi-Strategy Master Fund (PMSMF) for which Polar Asset Management Partners Inc. acts as investment advisor. The filing is submitted by Polar on behalf of PMSMF and signed by the Chief Compliance Officer.

Does the Schedule 13G indicate active control over SUMA by Polar?

The filing shows sole voting and sole dispositive power for 1,300,000 shares, but Schedule 13G generally signals passive institutional ownership; it does not, by itself, declare activist or control intent.

When were the ownership figures in Polar's SUMA filing effective?

The ownership amount is reported as of 03/31/2026, and the Schedule 13G was signed by the Chief Compliance Officer on 05/15/2026. The report ties the 1,300,000 share figure to the quarter-end date.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SUMA Acquisition Corp

(Name of Issuer)

Class A ordinary shares, par value $0.0001

(Title of Class of Securities)

G8557R129

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G8557R129

1

Names of Reporting Persons

Polar Asset Management Partners Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,300,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,300,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,300,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SUMA Acquisition Corp
(b)	Address of issuer's principal executive offices: 6543 Las Vegas Blv S, Las Vegas, Nevada 89119
Item 2.
(a)	Name of person filing: This statement is filed by Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, which serves as the investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") with respect to the shares directly held by PMSMF.
(b)	Address or principal business office or, if none, residence: 16 York Street, Suite 2900, Toronto, Ontario, M5J 0E6
(c)	Citizenship: Canada
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001
(e)	CUSIP Number(s): G8557R129
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	The Reporting Person is an investment fund manager, portfolio manager, exempt market dealer and commodity trading manager registered with the Ontario Securities Commission.
Item 4.	Ownership
(a)	Amount beneficially owned: 1,300,000 (The Reporting Person may be deemed to beneficially own the reported shares by virtue of its ownership of units that are convertible into or include Class A ordinary shares.)
(b)	Percent of class: 7.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,300,000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,300,000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Polar Asset Management Partners Inc.

Signature:	Andrew Ma
Name/Title:	Chief Compliance Officer
Date:	05/15/2026