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SHUAA Partners Acquisition Corp I (NASDAQ: SHUAU) announced that starting April 22, 2022, holders of its initial public offering units can separately trade Class A ordinary shares and warrants. The shares will trade under the symbol SHUA and warrants under SHUAW. Units not separated will continue under SHUAU. This follows the effective declaration of a registration statement by the SEC. The Company aims to merge with businesses primarily in the tech or tech-enabled financial services sectors, targeting growth in the MENAT region.
SHUAA Partners Acquisition Corp I announced the pricing of its initial public offering (IPO) on March 1, 2021, raising $100 million by offering 10,000,000 units at $10.00 each. The units will trade on NASDAQ under the symbol SHUAU. Each unit comprises one Class A ordinary share and one-half redeemable warrant, with whole warrants convertible to shares at $11.50 each. The company aims to merge or acquire companies within the technology and fintech sectors in the MENAT region. BTIG, LLC is the sole book-running manager for this offering.
