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AI brief of an SEC Form 8-K · SUMA Acquisition Corp (SUMA)

SUMA Acquisition Corp completes $172.5 million IPO of 17.25 million units

Neutral Impact 3 of 5 financing Written later

SUMA Acquisition Corporation, a blank check company, closed its initial public offering of 17,250,000 units at $10.00 each on March 12, 2026, generating gross proceeds of $172,500,000, including full exercise of the underwriters' over-allotment option. The company also sold 446,250 private placement units for $4,462,500 and placed $172,500,000 in a U.S. trust account to be held for a future business combination.

Key points

  • IPO of 17,250,000 units at $10.00 per unit closed March 12, 2026, including 2,250,000 over-allotment units
  • Private placement of 446,250 units raised $4,462,500, including 141,922 units sold to SUMA Sponsor LP
  • $172,500,000 placed in trust account with Continental Stock Transfer & Trust Company; the company has 24 months from the IPO closing to complete a business combination

The filing

CompanySUMA Acquisition Corp (SUMA)
Form8-K, current report
Filed with the SECMar 20, 2026, 5:15 PM ET
Accession number0001213900-26-032443

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.