Welcome to our dedicated page for SUMA ACQUISITION SEC filings (Ticker: SUMAU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on SUMA ACQUISITION's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into SUMA ACQUISITION's regulatory disclosures and financial reporting.
SUMA Acquisition Corp insiders filed an initial statement of beneficial ownership showing control of 5,750,000 Class B ordinary shares, all held indirectly through sponsor entities. These Class B "founder" shares are split between SUMA Sponsor LP with 1,513,340 shares and SUMA Canada Sponsor LP with 4,236,660 shares, with portions subject to forfeiture depending on the underwriters’ over-allotment option.
The Class B shares will automatically convert into an equal number of Class A ordinary shares upon SUMA’s initial business combination, or earlier at the holder’s option, with no expiration date. Naseem Saloojee controls SUMA Management Corp, the general partner of the sponsor limited partnerships, giving him indirect control over these holdings.
SUMA Acquisition Corp director Attar Audie filed an initial Form 3, which is a required disclosure when someone becomes an insider of a public company. This filing lists Audie as a director of SUMA Acquisition Corp but does not report any share purchases, sales, or other transactions.
SUMA Acquisition Corp filed an initial ownership report for Chief Financial Officer David Michael King. This Form 3 does not list any common stock or derivative holdings and shows no reported transactions. It simply establishes his status as an officer subject to insider reporting requirements going forward.
SUMA Acquisition Corp director Bogdan Cenanovic has filed an initial Form 3, which is a required statement of his beneficial ownership when becoming an insider. This filing does not report any stock purchases, sales, option exercises, or other share transfers; it simply establishes his insider status and disclosure obligations going forward.
SUMA Acquisition Corp director Lawrence Yuxuan Hu filed an initial Form 3 statement of beneficial ownership. The data provided shows no reported buy or sell transactions and no derivative positions, so this filing mainly establishes his status as a reporting insider without reflecting trading activity.
SUMA Acquisition Corp director Edward William Fike has filed an initial statement of beneficial ownership on Form 3. This filing lists him as a director of the company but does not report any purchases, sales, acquisitions, or dispositions of SUMA securities. It serves as a baseline disclosure of his status as an insider under SEC rules.
SUMA Acquisition Corp director Bradley Christopher has filed an initial Form 3 with the SEC, which is a required statement of beneficial ownership for insiders. The data provided shows no reported transactions, holdings, or derivative positions for Christopher in this filing excerpt.
SUMA Acquisition Corporation is launching an initial public offering of 15,000,000 units at $10.00 each, with each unit including one Class A ordinary share and a right to receive one fifth of a Class A share after a business combination. Gross proceeds of $150 million (or $172.5 million with full over-allotment) are expected, with $150.0 million (or $172.5 million) to be placed in a U.S. trust account.
The SPAC has 24 months to complete an initial business combination, during which public shareholders can redeem their shares for cash held in the trust in connection with the deal or certain extensions. Sponsors have bought 5,750,000 Class B founder shares for a nominal amount and will purchase 412,500 private placement units, creating significant potential dilution through founder share conversion and anti-dilution protections that can keep founder ownership at 25% of ordinary shares after adjustments.
Sponsor- and affiliate-related economics include monthly payments of $25,000 for office and support services, reimbursement of up to $300,000 of pre-IPO loans, up to $1,500,000 of working capital loans convertible into units, and potential advisory or success fees on a future business combination, all of which may create conflicts of interest between insiders and public shareholders.