ShoulderUp Technology Acquisition Corp.
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- ShoulderUp Technology Acquisition Corp. (SUAC) is a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on the technology and cybersecurity sectors. The company targets firms with powerful customer relationships, market-leading consumer insights and operations serving both domestic and international markets; it has no current significant operations or products. Incorporated in 2021 and headquartered at 125 Townpark Drive, Suite 300, Kennesaw, Georgia, SUAC is led by CEO Phyllis W. Newhouse and sponsored by ShoulderUp Technology Sponsor LLC, with advisors including former executives from the Department of Homeland Security, FBI, U.S. Cyber Command and cybersecurity firms such as Crowdstrike. In March 2024, SUAC entered into a definitive business combination agreement with SEE ID, Inc., a provider of identity verification and biometric solutions, in a reverse merger transaction valued at approximately $130 million, whereby SEE ID shareholders will receive shares in a newly formed public holding company expected to list on Nasdaq under a new ticker. Multiple shareholder-approved extensions have pushed the business combination deadline to February 24, 2025, including approvals on December 30, 2024, and January 24, 2025; the deal received unanimous board approval from SUAC and progressed with SEC effectiveness of the related S-4 registration statement in January 2025. In April 2025, SUAC announced plans to pursue up to $7 million in financing through a private investment in public equity (PIPE) offering and/or an equity line of credit (ELOC) from qualified institutional buyers and non-U.S. persons to satisfy merger closing conditions and fund post-combination operations. As of June 2025, SUAC trades on OTC Markets under ticker SUAC following prior NYSE listing.
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ShoulderUp Technology Acquisition Corp. Announces Assignment of Quoting and Trading Symbols by FINRA
Correction: ShoulderUp Technology Acquisition Corp. Announces Postponement of Special Meeting of Stockholders.
ShoulderUp Technology Acquisition Corp. Announces Postponement of Special Meeting of Stockholders.
ShoulderUp Technology Acquisition Corp. Announces Letter of Intent for a Business Combination
Correction: ShoulderUp Technology Acquisition Corp. Announces Second Postponement of Special Meeting of Stockholders.
ShoulderUp Technology Acquisition Corp. Announces Second Postponement of Special Meeting of Stockholders.
ShoulderUp Technology Acquisition Corp. Announces Updated Estimated Redemption Price
ShoulderUp Technology Acquisition Corp. Announces Letter of Intent for a Business Combination with Airspace Experience Technologies, Inc.
ShoulderUp Technology Acquisition Corp. Announces Letter of Intent for a Business Combination with Airspace Experience Technologies, Inc.
ShoulderUp Technology Acquisition Corp. Announces Separate Trading of its Class A Common Stock and Warrants, Commencing on January 10, 2022