Welcome to our dedicated page for SHOULDERUP TECHNOLOGY ACQUISIT news (Ticker: SUAC), a resource for investors and traders seeking the latest updates and insights on SHOULDERUP TECHNOLOGY ACQUISIT stock.
Company Overview
ShoulderUp Technology Acquisition Corp (SUAC) is a blank check company with a strategic focus on the technology and cybersecurity sectors. Operating from its base in Kennesaw, GA, SUAC is structured to deploy capital through targeted mergers and acquisitions, leveraging the operational expertise of its leadership. The company stands out by integrating a comprehensive, deep industry knowledge with a clear strategy for identifying opportunities in fast-paced and innovation-driven markets.
Leadership and Management
SUAC is steered by a team of industry veterans who bring decades of experience in technology and cybersecurity. The company is led by CEO Phyllis Newhouse, known for her roles in founding a nonprofit entity and a cybersecurity firm, and by Chairman Vincent Stewart, whose background includes high-ranking positions in both the corporate and defense sectors. This combination of leadership offers a robust perspective on technological innovation and risk management inherent to cybersecurity challenges.
Market Focus and Strategic Direction
The primary focus of SUAC is to identify and secure strategic opportunities in the tech and cybersecurity sectors. By utilizing a blank check structure, the company is designed to be agile and opportunistic, catering to a market that values rapid technological advancement and robust cybersecurity measures. SUAC harnesses industry-specific insights to drive its acquisition strategy, making it an ideal vehicle for investors looking at capitalizing on trends in these dynamic fields.
Diversity and Expertise
A notable feature of SUAC is its pioneering approach to leadership diversity. With a board that is equally represented by women and individuals from varied ethnic backgrounds, and a management team that is entirely comprised of people of color, SUAC demonstrates a firm commitment to inclusion and varied perspectives. This diversity not only reinforces a culture of innovation but also strengthens the decision-making process, enabling the company to view market opportunities from multiple angles.
Business Model and Value Proposition
The business model of SUAC revolves around combining capital efficiency with deep technological and cybersecurity expertise. By maintaining a blank check structure, the company allows for flexibility in deployment of resources, ensuring that acquisitions align with both technological trends and market needs. Furthermore, SUAC’s leadership’s proven track record in founding and managing successful operations underscores a practical and experienced approach to handling acquisitions within a competitive landscape.
Industry Keywords and Strategic Insights
Key industry terms such as cybersecurity strategy, technological innovation, and strategic acquisitions are embedded within SUAC's operational framework. These keywords reflect the company’s commitment to addressing the growing need for robust cybersecurity measures alongside continuous technological advancement. The integration of these terms highlights the company’s nuanced understanding of current market dynamics and its dedication to applying expert-level analysis to every acquisition decision.
Comprehensive Company Assessment
ShoulderUp Technology Acquisition Corp stands as a unique entity in the blank check space, combining a flexible capital structure with a clear focus on high-impact market sectors. Its leadership’s extensive experience and the company’s diverse composition provide it with the tools necessary for thorough due diligence and effective acquisition execution. Investors and analysts can appreciate SUAC’s multi-faceted approach to tapping into the fast-evolving tech and cybersecurity markets, with a keen emphasis on strategic, informed decision-making that is deeply rooted in industry expertise and operational experience.
ShoulderUp Technology Acquisition Corp (SUAC) has announced plans to pursue financing alternatives in connection with its pending business combination with SEE ID, Inc. The company intends to raise up to $7 million through either a private offering of common stock and/or an equity line of credit (ELOC).
The securities will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons through Regulation S. The proceeds will be used to meet business combination closing conditions and fund the combined company's operations. The securities have not been registered under the Securities Act of 1933 and cannot be sold in the United States without meeting exemption requirements.
Dot Ai and Würth Industry North America (WINA) announced their joint participation at Manifest 2025, a major supply chain and logistics innovation event in Las Vegas from Feb. 10-12, 2025. The companies will showcase their partnership that combines Dot Ai's AI-powered asset intelligence technology with Würth's industrial supply chain expertise.
The companies will co-host a roundtable discussion on 'End-to-End Visibility with AI Optimization' on Feb. 11. This follows their exclusive five-year distribution agreement announced in November 2024. The partnership integrates Dot Ai's IoT tracking hardware and AI software with Würth's global logistics network to enhance supply chain visibility and operational efficiency.
Additionally, Dot Ai announced its business combination agreement with ShoulderUp Technology Acquisition Corp. (NYSE:SUAC), expected to complete in H1 2025. Post-merger, the company plans to list on Nasdaq under the ticker 'DAIC'.
Dot Ai Corp. and ShoulderUp Technology Acquisition Corp. (NYSE: SUAC) announced key developments in their proposed business combination. The SEC declared effective the Registration Statement for CID Holdco on January 16, 2025. A special meeting is scheduled for February 6, 2025, with a record date of January 3, 2025, for shareholders to vote on the business combination proposals.
Upon closing, the combined company plans to list on Nasdaq under the ticker symbol 'DAIC'. The transaction aims to scale Dot Ai's logistics technology and asset tracking capabilities. The special meeting will be held virtually at 10:00 am Eastern Time, accessible via https://www.cstproxy.com/shoulderupacquisition/ext2025. The ShoulderUp board recommends shareholders vote 'FOR' all proposals.
Dot Ai has launched ZiM (Zero Infrastructure Mesh), a next-generation IoT tracking technology designed to revolutionize asset tracking in logistics and supply chain management. The patented technology offers innovative asset management by securely gathering data at the edge of the enterprise, capable of reading both passive and active beacons.
ZiM features include battery or hardwired power options, four general-purpose I/O pins for external sensors, integrated signaling LEDs, and AI camera integration for object recognition. The system enables real-time data collection throughout processes, replacing traditional manual systems that only collect data at major milestones.
Full-scale production and deployment is scheduled for end of December 2024. The company has entered into a business combination agreement with ShoulderUp Technology Acquisition Corp. (NYSE:SUAC), expected to complete in H2 2024, after which it will list on Nasdaq as 'DAIC'.
Dot Ai and Würth Industry North America (WINA) have signed a five-year exclusive partnership agreement to deploy AI-driven tracking solutions in the manufacturing sector. The collaboration integrates Dot Ai's advanced tracking technology, including ZIM Bridge and Industrial Passive asset tag solution, with WINA's CPS® kanban inventory management systems. This integration aims to provide real-time data, enhance supply chain metrics, and optimize asset intelligence for WINA's manufacturing clients. The partnership focuses on advancing Industry 4.0 practices through IIoT technology, improving forecasting accuracy and reducing supply chain disruptions.
Dot Ai has appointed Toni Buhrke as Vice President of Global Sales Engineering and Operations. Buhrke, a Certified Information Systems Security Professional with over 20 years of cybersecurity experience, joins from Mimecast where she served as Director of Sales Engineering. In her new role, she will oversee the expansion of sales engineering, channel partnerships, and key account management. This appointment comes as Dot Ai progresses toward its business combination with ShoulderUp Technology Acquisition Corp. (NYSE: SUAC), expected to complete in Q4 2024, after which the company plans to list on Nasdaq under the ticker 'DAIC'.
Dot Ai and ShoulderUp Technology Acquisition Corp. (NYSE: SUAC) have filed a Registration Statement on Form S-4 with the SEC, marking a significant step towards their proposed business combination and Nasdaq listing. Dot Ai, a pioneer in asset intelligence technology, aims to scale its AI-driven asset management and logistics platform through this merger.
CEO Edmund Nabrotzky highlighted strong interest in Dot Ai's track and trace solutions, while ShoulderUp CEO Phyllis W. Newhouse emphasized Dot Ai's potential to address gaps in traditional industrial RFID and video surveillance systems. The merger, announced on March 18, 2024, is expected to complete in the second half of 2024, subject to approvals. Post-merger, the company plans to list on Nasdaq under the ticker symbol 'DAIC'.
ShoulderUp Technology Acquisition Corp. announced that FINRA assigned new trading symbols SUAC, SUACU, and SUACW on June 26, 2024. These symbols represent the company's common stock, units, and warrants, respectively. Consequently, these securities are now eligible for quotation and trading in the over-the-counter market.
ShoulderUp Technology Acquisition Corp. (“ShoulderUp”) has announced the postponement of its Special Meeting of Stockholders from May 15, 2024, 10:00 a.m. Eastern Time to May 17, 2024, 3:00 p.m. Eastern Time.
The record date remains April 19, 2024, and stockholders can still vote virtually via the provided link. The company has also extended the deadline for Public Shares redemption to 5:00 p.m. Eastern Time on May 15, 2024.
Stockholders who previously voted without wanting to change their vote need not take any action. Those wishing to change their vote or withdraw redemption requests can do so before the new deadlines.
ShoulderUp Technology Acquisition Corp. announced the postponement of its Special Meeting of Stockholders from May 15, 2024 to May 17, 2024. The meeting will be held virtually at 3:00 p.m. ET. The record date remains April 19, 2024, allowing stockholders of that date to vote or change their votes if needed. The deadline for submitting Public Shares for redemption in relation to the Charter Amendment Proposal has been extended to the new meeting time. Stockholders can withdraw their redemption requests before the rescheduled meeting.
FAQ
What is the current stock price of SHOULDERUP TECHNOLOGY ACQUISIT (SUAC)?
What is the market cap of SHOULDERUP TECHNOLOGY ACQUISIT (SUAC)?
What is ShoulderUp Technology Acquisition Corp (SUAC)?
What industries does SUAC target?
How does SUAC generate revenue?
Who leads ShoulderUp Technology Acquisition Corp?
How does SUAC distinguish itself from other blank check companies?
What makes SUAC's board and management team noteworthy?
