ShoulderUp Technology Acquisition Corp. (SUAC.U) Prices Upsized $265M IPO


ShoulderUp Technology Acquisition Corp. (SUAC.U) Prices Upsized $265M IPO

Nov 17, 2021 IPOs by Marlena Haddad

ShoulderUp Technology Acquisition Corp. announced the pricing of its upsized $265 million IPO and its units are expected to begin trading on the NYSE under the symbol “SUAC.U” Wednesday, November 17.

The new SPAC intends to focus its efforts on identifying businesses in the technology and cybersecurity industries. ShoulderUp Technology is led by Chairman of the Board of Directors Nominee Vincent Stewart, CEO Phyllis Newhouse, and CFO Grace Vandecruze.

Total SPAC deal count for 2021 year-to-date is now 545. This offering is expected to close on Friday, November 19.

Citigroup Global Markets Inc. (“Citigroup”) is acting as sole bookrunner and representative of the underwriters, and Siebert Williams Shank & Co., LLC and Roberts & Ryan Investments Inc. are acting as co-managers of the offering. DLA Piper LLP US is serving as Issuer’s Counsel with Reed Smith LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.