Monitor for announcement of a target company within the 24-month window. Evaluate any proposed business combination carefully, considering the significant dilution from founder shares and potential conflicts of interest.
Executive Summary
SUMA Acquisition Corp is a blank check company formed to complete a business combination with a target in the technology industry. The company is raising $150 million through an IPO of 15 million units at $10 each, with proceeds held in trust. The sponsors acquired founder shares for $25,000, creating significant dilution for public shareholders. The company has a 24-month deadline to complete a business combination or return funds to investors.
Key Financial Metrics
Key Facts
- SUMA Acquisition Corp is a blank check company with no operations, formed to acquire a business in the technology sector.
- The company is raising $150 million through an IPO of 15 million units at $10 each, with proceeds held in trust.
- Sponsors acquired 5.75 million founder shares for $25,000, creating immediate and substantial dilution for public shareholders.
- The company has a 24-month deadline to complete a business combination or return funds to investors.
- Public shareholders can redeem their shares for approximately $10 per share if no business combination is completed.
Financial Impact
The IPO raises $150 million, with $150 million held in trust. The sponsors' $25,000 investment for founder shares creates significant dilution.
Risk Factors
- Failure to complete a business combination within 24 months
- Significant dilution from founder shares
- Conflicts of interest between sponsors and public shareholders
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1/A Filing (Primary) | 0001213900-26-022146 |
| Document: ea027288602ex3-3.htm | 0001213900-26-022146 |
| Document: ea027288602ex1-1.htm | 0001213900-26-022146 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Mar 11, 2026 32w ago | 424B4 | — | awaiting T+20 | — | — |
Mar 11, 2026 32w ago | EFFECT | — | awaiting T+20 | — | — |
Mar 10, 2026 32w ago | Press Release | — | awaiting T+20 | — | — |
Mar 2, 2026 34w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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