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ShoulderUp Technology Acquisition Corp. has successfully closed its upsized initial public offering of 30 million units at $10.00 per unit, including 3.5 million units from the underwriters’ over-allotment option. The units are now listed on the NYSE under the symbol SUAC.U. Each unit comprises one share of Class A common stock and one-half of a warrant, with a full warrant allowing purchase at $11.50 per share. The company aims to focus on merging or acquiring businesses within technology and cybersecurity sectors.
ShoulderUp Technology Acquisition Corp. (NYSE:SUACU) has announced the pricing of its upsized IPO, offering 26,500,000 units at $10.00 each, with trading commencing on November 16, 2021. Each unit includes one share of Class A common stock and one-half warrant, allowing purchase at $11.50 per share. The firm is a blank check company aiming to merge or acquire businesses, particularly in technology and cybersecurity sectors. Citigroup is the sole bookrunner, with an option for underwriters to buy an additional 3,500,000 units.
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