SHUAA Partners Acquisition Corp. I (SHUAU) Prices $100M IPO


SHUAA Partners Acquisition Corp. I (SHUAU) Prices $100M IPO

SHUAA Partners Acquisition Corp. I announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SHUAU” Wednesday, March 2.

The new SPAC intends to focus its search on a target with prospective operations within the technology and / or tech-enabled financial services sectors, across the high growth markets of the Middle East, North Africa, and Turkey region. SHUAA Partners I is led by CEO Fawad Tariq Khan, and CFO Mohammed El Beitam.

Total SPAC deal count for 2022 year-to-date is now 47. This offering is expected to close on Friday, March 5.

BTIG, LLC is acting as sole book-running manager for the offering and I-Bankers Securities, Inc. is acting as co-manager. Baker Botts L.L.P. is serving as Issuer’s Counsel with Kirkland & Ellis L.L.P. serving as Underwriter’s Counsel. BDO USA, LLP serves as an auditor. Continental Stock Transfer & Trust Company is acting as trustee.