SHUAA Partners Acquisition Corp I
SHUAU
NASDAQ Global Market11.01
USD
+0.30
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SHUAA Partners Acquisition Corp I
SHUAU
(NASDAQ Global Market)
Recent
price
11.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- SHUAA Partners Acquisition Corp I (NASDAQ: SHUAU) is a blank check company with no significant operations that intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company focuses primarily on targets in the technology and tech-enabled financial services industries within the Middle East, North Africa, and Turkey regions. Incorporated in 2021 and headquartered in George Town, Cayman Islands, it offers investors redeemable Class A ordinary shares, public units, and warrants through its public offering structure. In a major development, SHUAA Partners Acquisition Corp I announced on November 14, 2023, its inability to complete an initial business combination after an extensive search and extension of its deadline to November 4, 2023, opting instead to dissolve and liquidate per its governing documents, with public shares canceled as of November 17, 2023, and trading halted thereafter. The liquidation process involves disbursing trust account proceeds to public shareholders, while initial shareholders forgo distributions on converted founder shares, marking the end of its operational phase without a de-SPAC transaction. The management team, led by CEO Fawad Tariq Khan and CFO Mohammad El Beitam, includes independent directors such as Chairman Dr. Saleh Al Hashemi, Ali Ojjeh, Dhaen Al Hameli, and Asher Siddiqui, with affiliations to SHUAA Capital.