March 13, 2026 – New York, NY – Seaport Global Securities LLC (“Seaport”) is pleased to announce the successful closing of the initial public offering of SUMA Acquisition Corporation (NASDAQ: SUMAU), raising gross proceeds of $172,500,000, including the full exercise of the underwriters’ over-allotment option.
The offering consisted of 17,250,000 units priced at $10.00 per unit. In connection with the offering and a concurrent private placement, a total of $172,500,000 has been placed into a trust account for the benefit of public shareholders.
SUMA Acquisition Corporation’s units commenced trading on the Nasdaq Global Market on March 11, 2026 under the ticker symbol “SUMAU.” Each unit includes one Class A ordinary share and one right to receive one-fifth (1/5) of a Class A ordinary share upon the completion of an initial business combination. Upon separation, the Company’s Class A ordinary shares and rights are expected to trade under the symbols “SUMA” and “SUMAR,” respectively.
SUMA Acquisition Corporation is a special purpose acquisition company formed to pursue a business combination across a broad range of industries and geographies, with a particular focus on technology-enabled sectors in the United States and other developed markets. The Company is led by Chief Executive Officer and Chairman Naseem Saloojee and Chief Financial Officer and Director David King, alongside an experienced board of independent directors.
Seaport acted as the lead book-running manager for the transaction, underscoring the firm’s continued leadership in the SPAC and capital markets space. This transaction reflects Seaport’s commitment to delivering strategic capital solutions and partnering with high-quality management teams to access the public markets.
The registration statement relating to the offering was declared effective by the U.S. Securities and Exchange Commission on March 10, 2026. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Copies of the registration statement are available on the SEC’s website at www.sec.gov.
About SUMA Acquisition Corporation
SUMA Acquisition Corporation focuses on delivering tailored capital and liquidity solutions to high-growth, profitable, and near-profitable businesses operating in durable end-markets. The Company specializes in taking companies public through strategic SPAC transactions.
Its team combines deep public and private markets expertise with founder-operator experience, having taken six companies public via de-SPACs, led over 100 investments, and executed growth strategies across multiple operating businesses.
You may access the entire SUMA Acquisition Corporation press release via the link below:
About Seaport Global
Seaport Global Holdings LLC is a leading capital markets firm, providing robust sales, trading and research services and the resources of a full-service investment bank. Seaport Global combines its extensive knowledge, solid relationships, and deep distribution platform to serve its clients’ most unique business requirements. The firm is headquartered in New York with offices across the US and Europe. Visit www.seaportglobal.com to learn more.
Contact
Joan Nash
Corporate Affairs Director
Seaport Global Holdings LLC
212 616.7735
jwade@seaportglobal.com