SUMA Acquisition Corporation (SUMAU) Prices $150M IPO

SUMA Acquisition Corporation (NASDAQ:SUMAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SUMAU” on Wednesday, March 11, 2026.

The new SPAC aims to combine with a technology company either in a next-generation or traditional sector.

SUMA Acquisition Corporation’s sponsor team is led by Chief Executive Officer and Chairman Naseem Soloojee and Chief Financial Officer David King. Audie Attar, Christopher Bradley, Ted Fike, Bogdan Cenanovic, and Lawrence Hu will serve on its Board of Directors.

Total SPAC deal count for 2026 year-to-date is now 54. This offering is expected to close on Thursday, March 12, 2026.

Seaport Global Securities LLC, acted as the lead book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Baker Botts LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.