SUMA SEC filings, in plain English
Everything SUMA Acquisition has filed with the SEC that we hold — 36 filings, newest first, 34 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: A Schedule 13G/A — beneficial ownership report. The filing amends a prior Statement of Beneficial Ownership filed by Centiva Capital, LP and Centiva Capital GP, LLC. Regarding SPAC mechanics, the excerpt does not update the SEARCHING status, the March 12, 2028 business combination deadline, the $10.11 per share trust value, or any extension provisions. It also does not reference target selection, sponsor conduct, or redemption activity. Why it matters: As a routine compliance exhibit, this document tracks institutional capital allocation rather than deal execution. The filing text contains no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Because the provided excerpt omits amendment-specific details such as percentage thresholds, purchase volumes, or purpose of acquisition, it signals neither a shift in institutional positioning nor a change in shareholder liquidity expectations. The sole substantive data points are the filer identities: Centiva Capital, LP and Centiva Capital GP, LLC.
What changed: Routine compliance exhibit: Schedule 13G/A (amended beneficial ownership report filed by Glazer Capital, LLC and Paul J. Glazer). The amendment updates prior disclosure obligations for Glazer Capital, LLC and Paul J. Glazer; the provided excerpt omits the effective date, specific share counts, transaction type, and resulting ownership percentage. Regarding SUMA’s mechanics, the document contains no statements about the March 12, 2028 business combination deadline, the $10.11 per share trust balance, extension mechanisms, redemption elections, or sponsor conduct. No timeline adjustments or structural modifications are disclosed. Why it matters: As a standard regulatory update to shareholder registration thresholds, the filing does not activate redemption windows, alter trust preservation protocols, or signal deal progress. Because the excerpt contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel, it provides no measurable impact on investor exit planning, capital integrity tracking, or acquisition diligence.
What changed: Quarterly Report on Form 10-Q for the period ended June 30, 2026, filed by SUMA Acquisition Corporation, a blank check company (SPAC) that completed its IPO on March 12, 2026. This is the first quarterly report since the IPO. Key updates: (1) Trust account balance of $174,350,350 as of June 30, 2026, representing $10.11 per public share. (2) Net income of $1,328,840 for Q2 and $1,480,861 for the six-month period, derived entirely from interest earned on trust assets. (3) Cash outside trust of $973,871 and working capital of $798,202. (4) No definitive agreement for a business combination has been entered into. (5) The company has a 24-month deadline to March 12, 2028 to complete a business combination. (6) The company is still in the searching phase, focusing on North American technology targets. (7) The IPO Promissory Note of $45,078 remains outstanding. (8) No material changes in risk factors, legal proceedings, or internal controls. Why it matters: This filing provides the first post-IPO financial snapshot. Investors can assess the trust value per share ($10.11), the burn rate (general and administrative expenses of ~$370k for six months), and the absence of any deal progress. The filing confirms the company is still searching and has not yet signed a definitive agreement. The trust value is slightly above the IPO price of $10.00 due to interest income, and the redemption deadline is March 2028. The disclosure of the CODM as the Chief Financial Officer and segment reporting confirms management's focus on cash preservation and deal execution.
What changed vs 2026-05-14trust $172.8M → $174.4M +1%mandate language changedtrust account, mandate language, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $172.8M$174.4M
- Mandate language
- we are focusing our search on other developed markets across…we are focusing our search on North American targets across …
- Combination deadline
- 2028-03-12 · unchanged
- Sponsor loans outstanding
- $45K · unchanged
- Redeemable shares
- 17.3M · unchanged
SpacBrain reads this as $1,531,168 was added to the trust between the two filings.
The clause …“51,122 Long-term prepaid insurance 45,212 Cash and marketable securities held in Trust Account 174,350,350 TOTAL ASSETS $ 175,526,517 $ 67,658 LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS”…
The clause …“of the Public Shares if the Company is unable to complete the initial Business Combination by March 12, 2028 or (1) such earlier liquidation date as the Company s board of directors may approve or (2) such later date as the”…
The clause …“December 31, 2026, or the closing of the Initial Public Offering. The Company borrowed $ 45,078 under the IPO Promissory Note, which is still outstanding at June 30, 2026, and is due on demand. Borrowings under the IPO Promissory Note”…
The clause …“as of June 30, 2026 and December 31, 2025, respectively, excluding the 17,250,000 Class A Ordinary Shares subject to possible redemption. Class B Ordinary Shares The Company is authorized to issue a total of 50,000,000 Class B”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Schedule 13G beneficial ownership report (routine compliance exhibit). The filing discloses no modifications to the redemption deadline of 2028-03-12, no changes to the $10.11 trust per share value, no extension mechanisms, no business combination progress, and no sponsor conduct updates. Why it matters: Polar Asset Management Partners Inc. submitted the filing solely to register passive equity holdings. The document contains zero substantive assertions regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Because it carries no operational, financial, or timeline-altering data, it does not alter investor redemption windows, trust preservation calculations, or capital deployment decisions.
What changed: A SCHEDULE 13G beneficial ownership report (routine compliance exhibit). The filing identifies Centiva Capital, LP and Centiva Capital GP, LLC as reporting persons. The provided text discloses no share quantities, ownership percentages, acquisition dates, or any information regarding redemption deadlines, trust value fluctuations, extension mechanisms, target search progression, or sponsor behavior. Why it matters: This document constitutes a regulatory disclosure that typically follows initial Form 4 or Schedule 13D filings when an investor holds over five percent of a class of securities passively. Without numerical stakes or schedule attachments in the excerpt, investors cannot determine if Centiva’s position affects voting power ahead of the search deadline, influences redemption threshold dynamics around the established trust, or signals increased versus decreased capital conviction. Cross-referencing prior filings or accessing the complete SEC submission is necessary to assess material shifts in influence or cash commitment.
What changed: Routine compliance exhibit / Schedule 13G beneficial ownership report. According to the filing, Glazer Capital, LLC and Paul J. Glazer are identified as reporting holders. The document contains no text, schedules, or exhibits addressing the stated deadline, the reported trust-per-share balance, any proposed extension, merger negotiation status, or sponsor behavior. Why it matters: Because the report solely registers equity stakes without attaching amendment clauses, target disclosures, or governance provisions, it does not alter cash-redemption windows, trust distribution parameters, or acquisition sequencing. Investors monitoring conditional conversion rights, milestone funding, or managerial incentives will find the filing operationally inert, as it supplies no substantive claims about customers, revenue, market positioning, strategy, technology, partnerships, litigation, or personnel changes.
What changed: Quarterly report (Form 10-Q) for the period ended March 31, 2026, filed by SUMA Acquisition Corporation, a blank check company (SPAC) that completed its IPO on March 12, 2026. The filing includes unaudited financial statements, MD&A, risk factors, and other standard disclosures. Trust account value as of March 31, 2026 was $172,819,182, or $10.02 per public share (up from $10.00 at IPO due to interest income of $319,182). No business combination has been announced; the Company remains in the searching phase. No changes to the redemption deadline (March 12, 2028). No borrowings under working capital loans. The Company reported net income of $152,021 for the quarter, consisting of interest income offset by operating costs. Why it matters: This is the first quarterly report following the IPO, establishing the baseline trust value per share and confirming no deal progress. The trust value per share of $10.02 is slightly above the $10.00 IPO price, indicating no redemption pressure. The deadline is roughly 22 months away. The filing also discloses that the sponsor has waived redemption rights and that there are no material changes to risk factors, though it highlights geopolitical and tariff risks that could affect the search for a target.
What changed: SEC Schedule 13G Joint Acquisition Statement pursuant to Rule 13d-1(k). This document is a routine regulatory compliance exhibit acknowledging a joint filing arrangement. It states that Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross will file all future Schedule 13G amendments collectively, with each undersigned bearing individual responsibility for the timeliness, completeness, and accuracy of their own information, while accepting responsibility for the others’ data only to the extent they know or have reason to believe it is inaccurate. No share quantities, ownership percentages, acquisition dates, or dollar amounts are disclosed in the excerpt. Why it matters: The filing contains no language bearing on redemption deadlines, trust value mechanics, extension voting, business combination progress, or sponsor conduct. It makes no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Because it exclusively codifies collective reporting obligations under Rule 13d-1(k) and omits all structural SPAC metrics, it delivers no incremental information regarding the March 12, 2028 search timeline, the per-share trust balance, or any forthcoming corporate actions.
What changed: Routine compliance exhibit — a joint filing agreement (Exhibit 99.1) attached to a Schedule 13G beneficial ownership report for SUMA Acquisition Corp, executed pursuant to Rule 13d-1(k) under the Securities Exchange Act of 1934. The filing consolidates a single beneficial ownership statement for four affiliated parties—Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman—covering shares held as of March 31, 2026. It designates Hayley Stein as attorney-in-fact to execute the report and any future amendments on behalf of all undersigned entities. The document confirms the joint filing mechanism but introduces no changes to merger agreement terms, redemption windows, trust account administration, extension vote procedures, or target search timeline. Why it matters: As a procedural compliance exhibit, it clarifies the consolidated regulatory reporting structure for Magnetar-affiliated holders without affecting investor redemption calendars, trust distribution mechanics, or sponsor fiduciary timelines. Because it contains zero operational, financial, or strategic disclosures regarding target acquisition, customer pipelines, revenue projections, market positioning, technology, partnerships, litigation, or personnel shifts beyond the named signatories and managers, it carries no direct impact on deal progress or capital preservation assessments.
What changed: A Form 8-K current report accompanied by Exhibit 99.1, a press release from SUMA Acquisition Corporation. According to the press release, commencing on April 20, 2026, holders of the units issued in the initial public offering may elect to separately trade the Class A ordinary shares (par value $0.0001 per share) and the rights. Each original unit consists of one Class A ordinary share and one right entitling the holder to receive one-fifth (1/5) of a Class A ordinary share upon consummation of an initial business combination. The company specifies that no fractional rights will be issued upon separation and only whole rights will trade. Separated shares and rights are expected to trade on the Nasdaq Global Market under the symbols "SUMA" and "SUMAR," respectively, while undivided units continue trading under "SUMAU". Holders must direct their brokers to contact Continental Stock Transfer & Trust Company to execute the separation. This administrative step occurs well before the stated March 12, 2028 termination deadline and does not impact the existing trust account holdings. Why it matters: Unit separation is a critical mechanical trigger in the SPAC lifecycle that decouples the equity from the combination optionality, altering secondary market liquidity and valuation models. By permitting independent trading, investors can now hedge, speculate on, or exit the underlying shares and the 1/5 rights separately without selling the entire unit, which may shift redemption dynamics and aggregate sell-side pressure as a potential de-SPAC date approaches. The filing confirms the sponsor remains in the pre-deal search phase, focusing on technology-enabled sectors in the United States and other developed markets. With no target announced, the trust remains intact at the reported $10.11 per share, and the April 20, 2026 separation merely establishes the new trading framework for the remainder of the search period.
What changed: An Item 8.01 Other Events and Item 9.01 Financial Statements and Exhibits Current Report on Form 8-K submitted by SUMA Acquisition Corporation, accompanied by an audited balance sheet dated March 12, 2026, executed by Chief Executive Officer Naseem Saloojee. According to the registrant's notes to the financial statements, SUMA Acquisition Corporation consummated its initial public offering on March 12, 2026, selling 17,250,000 units at $10.00 per unit to generate $172,500,000 in gross proceeds, inclusive of the full exercise of a 2,250,000-unit underwriter over-allotment option. Concurrently, the company closed a private placement of 446,250 units at $10.00 per unit for $4,462,500 in gross proceeds, purchased by SUMA Sponsor LP (141,922 units), SUMA Canada II Sponsor LP (174,953 units), and Seaport Global Securities LLC (129,375 units). The filing reports that $172,500,000—made up of $169,882,500 in IPO net proceeds and $2,617,500 in private placement proceeds—was deposited into a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company. The registrant incurred $10,153,693 in transaction costs, broken down into $2,587,500 in cash underwriting fees, $6,900,000 in deferred underwriting fees, and $666,193 in other offering costs. A related-party promissory note from the sponsor remains outstanding at $45,078. Furthermore, an administrative services agreement effective March 10, 2026, requires $25,000 per month in payments, with $2,500 recorded as accrued expenses as of the reporting date. Why it matters: These mechanics establish the definitive parameters for public shareholder redemption valuations and the liquidation timeline. The registrant states the trust account holds $172,500,000, which it anticipates equals $10.00 per public share. Public shareholders may redeem their shares at a cash price derived from the trust account balance calculated two business days prior to a business combination or liquidation within the 24-month completion window, which expires on March 12, 2028. Management indicates it may direct the trustee to liquidate trust holdings and place funds in cash or interest-bearing demand deposits to reduce Investment Company Act exposure. Contractual waivers require the sponsors to forfeit redemption and liquidation distribution rights for their founder shares, while pledging to vote those shares in favor of an initial business combination. The registrant discloses it has selected no target and conducted no substantive negotiations, meaning zero operating revenue is expected until a merger occurs. To finance pre-combination activities, the sponsor or affiliates may advance up to $1,500,000 in working capital loans, convertible into post-combination private placement units at $10.00 per unit at the lender's election. Any target acquisition must carry a fair market value of at least 80% of the net trust balance at the time of signing the combination agreement.
What changed: A Joint Filing Agreement (Exhibit 99.1) attached to a Schedule 13D, executed on March 18, 2026, by SUMA Management Corporation, Naseem Saloojee, SUMA Sponsor LP, SUMA Canada Sponsor LP, and SUMA Canada II Sponsor LP, coordinating their shared regulatory obligation to report beneficial ownership of Class A ordinary shares, $0.0001 par value, of SUMA Acquisition Corporation. The document establishes a coordinated reporting protocol among five sponsor-affiliated entities controlled by Naseem Saloojee, designating joint liability for the timeliness, completeness, and accuracy of the Schedule 13D and all amendments. It does not disclose updated share counts, acquisition percentages, merger consideration, trust balance adjustments, or any vote to extend the 2028-03-12 liquidation deadline. The SPAC’s SEARCHING status and existing redemption/extension framework remain mechanically unaltered by this exhibit. Why it matters: The agreement consolidates administrative control under Naseem Saloojee as sole director and authorized signatory for all listed sponsor vehicles, confirming the corporate linkage between the management company and three regional sponsor limited partnerships. Each filer represents to the others that it is eligible to file jointly and accepts responsibility for factual accuracy regarding its own holdings and known inaccuracies concerning the remaining parties. No claims regarding target pipeline diligence, customer contracts, revenue projections, technology development, partnership negotiations, litigation exposure, or executive compensation are contained within the exhibit.
What changed: Joint Filing Agreement accompanying a Schedule 13G for the beneficial ownership of Class A Ordinary Shares of SUMA Acquisition Corporation. Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander confirmed via the exhibit that they will submit a single Schedule 13G on their collective behalf under Rule 13d-1(k). Executed on March 17, 2026, by Gil Raviv (Global General Counsel) for the two management entities and signed personally by Israel A. Englander, the agreement references Class A Ordinary Shares carrying a par value of $0.0001 per share. The filing does not report position adjustments, voting intent modifications, or target acquisition developments. It provides no updates on the redemption calendar, trust account composition, extension votes, or sponsor conduct relative to the stated March 12, 2028 deadline. Why it matters: This is a routine administrative compliance exhibit that consolidates reporting obligations rather than signaling active portfolio changes or transaction timelines. Investors monitoring the SEARCHING phase and redemption mechanics receive no actionable triggers from the joint agreement itself. Without a concurrent Schedule 13D, proxy solicitation materials, or amendment filings, there is no documented shift in institutional control, tender offer preparation, or liquidation pathway acceleration toward the March 2028 expiration. Analysts should track subsequent 13G/A or 13D filings that would disclose threshold crossings, passive-to-active reclassification, or pre-merger coordination.
What changed: SEC Form 4, an insider ownership and transaction report. The filing discloses that director Naseem Saloojee executed an open-market purchase of 316,875 shares on 2026-03-12 at a stated price of $10. According to the Form 4, Mr. Saloojee holds 316,875 shares following the transaction. The document lists SUMA Sponsor LP, SUMA Canada Sponsor LP, SUMA Canada II Sponsor LP, and SUMA Management Corp as 10% owners but records no accompanying activity for those entities. The filing contains no statements regarding redemption windows, trust account adjustments, or business combination deadlines. Why it matters: During a SEARCHING phase characterized by a referenced trust value of $10.11 per share and a stated deadline of 2028-03-12, this Form 4 documents direct secondary-market accumulation by an officer at $10. Because the transaction is classified as an open-market purchase rather than a tender, subscription, or redemption-related exercise, it reflects organic share buying rather than a response to a pending merger agreement, extension vote, or trust distribution. The absence of deal-progress or sponsor-conduct disclosures means the SPAC remains in its pre-target period, and investors tracking capital deployment timelines should monitor whether subsequent filings reveal sustained insider participation ahead of the 2028-03-12 horizon or signal liquidity positioning unrelated to a definitive business combination.
What changed: 8-K Current Report filed by SUMA Acquisition Corporation to disclose the consummation of its initial public offering (IPO) and related foundational agreements. SUMA Acquisition Corporation completed its IPO of 17,250,000 units at $10.00 per unit, including the full exercise of the underwriters' over-allotment option, generating $172,500,000 in gross proceeds. Of that amount, $172,500,000 was deposited into the trust account (comprised of $169,882,500 in net IPO proceeds and $2,617,500 from the sale of 446,250 private placement units to sponsors and the underwriter). The trust will earn interest and is subject to a 24-month deadline for an initial business combination (extendable with shareholder approval). The SPAC's charter was adopted, board members and committees were appointed, and all standard IPO agreements (underwriting, trust, rights, registration rights, private placement, indemnity, and administrative services) were executed. Why it matters: This filing establishes the SPAC's entire capital and trust structure at IPO. Key mechanics for investors: (1) trust per-share value is approximately $10.00 ($172,500,000 / 17,250,000 public shares). (2) The deadline to complete a business combination is March 2028 (24 months from March 2026), subject to possible extension with shareholder approval. (3) Founder shares (5,750,000 Class B, held by sponsors) are subject to forfeiture pro rata up to 750,000 shares if the over-allotment is not fully exercised (it was fully exercised, so no forfeiture is triggered). (4) Founder shares are subject to a six-month lock-up after a business combination; private placement units are locked up for 30 days post-combination; both have standard permitted transfer exceptions. (5) The registration rights agreement grants demand, piggyback, and shelf registration rights to sponsors and the underwriter. (6) No target has been selected and no substantive discussions have occurred with any target, as stated in the underwriting agreement. The document contains no new information about a specific business combination or any changes to redemption rights or trust mechanics beyond what was in the registration statement.
What changed: A Prospectus filed pursuant to Rule 424(b)(4) for the initial public offering of 15,000,000 units by SUMA Acquisition Corporation, a newly incorporated Cayman Islands blank check company. This filing establishes the capital structure, trust mechanics, and sponsor incentive framework ahead of the March 12, 2026 expected closing. The prospectus discloses that $150.0 million, or $172.5 million if the underwriters’ over-allotment option is exercised in full ($10.00 per unit in either case), will be placed into a U.S.-based trust account administered by Continental Stock Transfer & Trust Company. Why it matters: For investors tracking redemption deadlines and trust dynamics, this prospectus confirms the trust deposits exactly $10.00 per unit, preserving a predictable redemption floor, but introduces immediate and material dilution through founder share conversion and anti-dilution provisions that may issue Class A shares on a greater-than-one-to-one basis if additional equity or equity-linked securities are raised pre-combination. The explicit disclosure of sponsor financial pressure to deploy capital—even at negative returns—marks a critical governance risk prior to any deal search.
What changed: Form 8-A for the registration of certain classes of securities (units, Class A ordinary shares, and rights) pursuant to Section 12(b) of the Securities Exchange Act of 1934, filed to list these instruments on The Nasdaq Stock Market LLC. The filing registers pre-existing SPAC securities for Nasdaq trading. It does not modify the redemption calendar, the $10.11 trust reserve per share, the March 12, 2028 business combination deadline, the SEARCHING status, or sponsor conduct. Why it matters: For investors tracking SPAC mechanics, this routine compliance exhibit confirms exchange listing eligibility without affecting trust value, extension parameters, target identification, or shareholder liquidation rights. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, or litigation. All corporate details—including the Cayman Islands jurisdiction, I.R.S. Employer Identification Number 98-1906937, principal executive offices at 6543 Las Vegas Blvd.
What changed: FORM 3 — insider ownership report submitted by director Attar Audie for SUMA Acquisition Corp. The filing explicitly states that no non-derivative transactions or holdings were reported by the director. Consequently, there is no update bearing on the redemption deadline, the trust value per share, extension mechanisms, deal progress, or sponsor conduct. Why it matters: Because the FORM 3 attests to zero insider equity activity, it provides no new evidence of management conviction or capital commitment ahead of the company’s SEARCHING phase. For shareholders monitoring liquidity events, the absence of reported buys, sells, or derivative exercises means neither the sponsor nor the director has adjusted their economic exposure, leaving the trust reserve intact and the merger clock uninterrupted. Investors seeking catalysts for redemption choices or target negotiations will find this routine compliance submission devoid of actionable triggers.
What changed: Form 3 — insider ownership report. According to the Form 3 filing, director Edward William Fike reported no non-derivative transactions or holdings. This bears on sponsor conduct and early-stage alignment by confirming zero internal capital deployment, while leaving the $10.11 trust value, the 2028-03-12 redemption deadline, and the SEARCHING status mechanically unaltered. Why it matters: The document contains no claims regarding customer metrics, revenue streams, market sizing, technology development, partnership structures, litigation posture, or executive personnel changes. Structurally, however, its explicit silence on insider equity accumulation establishes a neutral baseline during a multi-year SEARCHING period. For investors tracking redemption calendars and extension mechanics, the filing confirms that the named director has not yet adjusted their risk exposure ahead of the March 2028 liquidation horizon, shifting analytical focus entirely to subsequent prospectus amendments or definitive merger agreements rather than current holder behavior.
What changed: a routine compliance exhibit (SEC Form 3 — insider ownership report). As filed, this document states 'No non-derivative transactions or holdings reported' by Director Hu Lawrence Yuxuan. Bearing on the requested mechanics, there is no update to the redemption deadline, no adjustment to the trust value trajectory, no extension filing, and no advancement in deal progress or sponsor conduct. The SPAC's operational posture and shareholder liquidation timeline remain unaltered by this submission. Why it matters: This zero-activity disclosure matters because it confirms that the reporting director has neither accumulated nor disposed of shares, meaning no insider positioning signals are forthcoming ahead of the scheduled period end. Because the filer explicitly documents no holdings or trades, the filing contains no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. For investors tracking redemption calendars, trust conservation, and sponsor behavior, it is a standard regulatory attestation that leaves the search timeline and liquidation mechanics completely unaffected, yet it formally closes the reporting loop without introducing material variables.
What changed: Routine compliance exhibit: Form 3 — insider ownership report. As stated by the reporting director, the filing contains 'No non-derivative transactions or holdings reported,' leaving insider capital positions, potential anchor buyer allocations, and related settlement mechanics unchanged. Why it matters: This administrative submission offers no updates to the search pipeline, trust fund accumulation mechanics, extension voting schedules, or de-SPAC deal progression. Because the director explicitly disclosed zero transaction activity, insider sentiment signals—commonly tracked for early redemption pressure or sponsor confidence markers—remain neutral. The document makes no assertions regarding target customers, revenue run-rates, addressable market size, proprietary technology, commercial partnerships, active litigation, or executive succession plans. As a standardized regulatory filing rather than a management discussion, prospectus supplement, or conference call transcript, it provides no forward-looking guidance, financial projections, or strategic roadmap updates. Investors requiring visibility into the company’s operational momentum, capital structure adjustments, or timeline adherence relative to the stated deadline must look to subsequent S-1/S-4 registrations, proxy materials, or exchange search-status notifications, as this exhibit contains no substantive commercial or financial data beyond the routine declaration of unchanged holdings.
What changed: Routine compliance exhibit: SEC Form 3 insider ownership report. Director Bradley Christopher disclosed no non-derivative transactions or securities holdings as of the 2026-03-10 filing date. Why it matters: This filing does not affect SUMA Acquisition’s $10.11 trust/share value, its 2028-03-12 business combination deadline, or its current SEARCH status. Because the reporting person certified zero initial positions or trades, there is no update on sponsor alignment, insider purchasing, redemption pressure, or deal pacing. No claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel appear in the text. The document contains only a regulatory attestation of inactive status, meaning it provides no actionable signals for investors tracking redemption windows, trust accounting, extension votes, or management conduct.
What changed: SEC Form 3 initial statement of beneficial ownership. As a routine compliance exhibit, this Form 3 reports that five parties—Saloojee Naseem (a director), SUMA Sponsor LP, SUMA Canada Sponsor LP, SUMA Canada II Sponsor LP, and SUMA Management Corp—are each designated as 10% owners, and explicitly states 'No non-derivative transactions or holdings reported.' Bearing on your tracked mechanics, this filing introduces no changes to redemption deadlines, trust account dynamics, extension prospects, or target acquisition progress. The submission merely logs the static 10% ownership percentages as disclosed by the reporting persons themselves, and contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Why it matters: Investors tracking redemption windows, trust valuations, sponsor conduct, and SPAC execution timelines will find this regulatory update carries no immediate mechanical weight. Because the filing documents zero non-derivative activity, it signals no founder share issuances, conversions, or sponsor trades that could affect pro forma ownership, dilution calculations, or post-business-combination voting power. By confirming the continued presence of the multi-entity sponsor structure and a 10% director stake on the SEC register, the filing preserves baseline transparency without advancing deal visibility or altering redemption risk profiles.
What changed: This document is a Form 3 Statement of Changes in Beneficial Ownership filed by David Michael King, identified as Chief Financial Officer of SUMA Acquisition Corp, disclosing insider equity positions. According to the filing, there were 'No non-derivative transactions or holdings reported,' meaning the reporting CFO neither purchased nor sold shares or options on or before the 2026-03-10 filing date. The submission does not alter the 2028-03-12 redemption deadline, the $10.11 per share trust account balance, any extension vote schedule, business combination target pipeline, or sponsor conduct parameters. Why it matters: Investors tracking redemption calendars, trust value fluctuations, extension mechanics, merger progress, or executive trading patterns see no adjustment to the stated $10.11 trust/share figure or the 2028-03-12 deadline. The filer's explicit declaration of zero reported transactions confirms no insider accumulation or liquidation occurred, leaving capital allocation signals neutral. Regarding additional substance, the Form 3 contains no assertions about customer contracts, revenue multiples, total addressable market sizing, commercial strategy, technology roadmaps, partner ecosystems, active litigation, or management turnover; therefore, no new operational or financial variables enter the analysis. The only personnel update—the official listing of David Michael King as Chief Financial Officer—originates solely from this compliance exhibit and carries no independent operating implications.
What changed: Amendment No. 2 to Registration Statement on Form S-1 (S-1/A) for SUMA Acquisition Corporation, a blank-check company raising proceeds for a future business combination. No material changes to redemption mechanics, deadlines, trust value, or deal progress. The filing updates the registration statement to include exhibits (underwriting agreement, amended charter, trust agreement, rights agreement, registration rights agreement, private placement purchase agreements) and legal opinions, and includes an updated prospectus reflecting the March 9, 2026 filing date. The company remains in its SEARCHING phase, having not selected a target. Why it matters: This filing is the functional launch of the SPAC's IPO. Key terms confirmed: 15M units at $10.00, each with one Class A share and one right (1/5 share on business combination). Trust proceeds of $150M ($10.00 per unit) will be deposited. Deadline to close a business combination is 24 months from closing (through ~March 2028). Public shareholders have redemption rights. Sponsor paid $25k for 5.75M founder shares ($0.004/share). Private placement of 412,500 units at $10.00/unit to sponsors and underwriter. Risk factors note substantial doubt about going concern absent the offering. The company is a blank check with no operations or revenues.
What changed: SEC correspondence letter requesting acceleration of Form S-1 effectiveness. Seaport Global Securities LLC, acting as representative for the underwriters, formally requested that the Commission declare Registration No. 333-292831 effective at 4:30 p.m. Eastern Time on March 10, 2026. The letter confirms compliance with Rules 460, 461, and 15c2-8 regarding the allocation of preliminary prospectus copies to participating dealers. It provides no updates to redemption parameters, trust account valuations, extension procedures, target identification, or sponsor governance. Why it matters: The acceleration establishes the precise regulatory milestone for the S-1 to become operative, which dictates when the Company’s securities will begin trading publicly and triggers standard post-offering disclosure obligations. The filing contains no claims regarding customer relationships, revenue trajectories, addressable markets, operating strategies, proprietary technology, alliance structures, legal proceedings, or executive appointments beyond the listing of Jack Mascone as Head of Capital Markets for Seaport Global Securities LLC.
What changed: A SEC correspondence (CORRESP) requesting acceleration of effectiveness for an initial registration statement on Form S-1, submitted under Rule 461 of the Securities Act of 1933. Chief Executive Officer Naseem Saloojee, on behalf of SUMA Acquisition Corporation, formally requested that the Division of Corporation Finance accelerate the effective date of the referenced Form S-1 (originally filed January 20, 2026, and amended, File No. 333-292831) to 4:30 p.m. ET on March 10, 2026. Why it matters: Acceleration requests generally indicate that management and outside counsel (identified as being copied to Ellenoff Grossman & Schole LLP) believe the SEC has cleared all outstanding comment letters and that the registration package is prepared for IPO pricing and market distribution. For investors monitoring SPAC execution cadence, this confirms the entity is advancing its capital-raising phase rather than negotiating a de-SPAC merger.
What changed: A regulatory correspondence letter withdrawing a request to accelerate the effective date of a Form S-1 registration statement. Seaport Global Securities LLC, authored by Jack Mascone, Head of Capital Markets, formally withdrew a March 2, 2026 request to accelerate the effective date of the January 20, 2026 Form S-1 (File No. 333-292831) to 4:30 p.m. ET on Wednesday, March 4, 2026. This administrative action does not alter the SPAC’s stated trust per share of $10.11, does not extend the referenced merger deadline of 2028-03-12, and does not modify shareholder redemption mechanics. Why it matters: Withdrawing an acceleration request signals that the underwriter and issuer required additional time to conclude SEC Division of Corporation Finance review, finalize offering parameters, or complete investor outreach before the prospectus could be deployed. For investors tracking the SPAC lifecycle, this temporarily postpones the shift from a pre-IPO regulatory status to an active capital-raising event, but leaves the existing March 12, 2028 search window and the $10.11 per-share trust environment intact.
What changed: A SEC correspondence (CORRESP) submitted by Chief Executive Officer Naseem Saloojee to SEC reviewer Pam Howell at the Office of Real Estate & Construction, explicitly documenting the withdrawal of SUMA’s March 2, 2026 acceleration request for its January 20, 2026 Form S-1 registration statement (File No. 333-292831). Per the CEO’s letter, the SPAC is retracting its prior directive that the S-1 take effect at 4:30 p.m. Why it matters: For capital markets participants monitoring distribution mechanics, the withdrawn acceleration notice indicates that public cash will remain restricted in escrow past the accelerated timeline, prolonging the sponsor’s search period toward the 2028-03-12 cutoff without altering the existing $10.11 per-share trust value.
What changed: S-1/A (Amendment No. 1 to Registration Statement on Form S-1) — a preliminary prospectus for a SPAC's initial public offering of 15,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon a business combination. This is a pre-effective IPO prospectus (SEARCHING status). There is no target, no business combination agreement, no extension vote, and no redemption deadline event. The filing sets forth the terms of the SPAC's IPO structure: 24-month completion window (27 months if a definitive agreement is signed within 24 months), trust at $10.00 per unit, and the standard redemption mechanics. The trust value per share is $10.11 at the time of this filing, as noted in the header. Why it matters: This filing establishes the baseline terms for all future redemption computations and sponsor conduct. Investors should note the trust/share value ($10.11), the deadline (March 12, 2028), and the sponsor's substantial dilution: the founders paid $0.004 per share vs. the $10.00 offering price. The anti-dilution provisions on the founder shares could result in a greater-than-one-for-one conversion ratio at the business combination, potentially increasing dilution. The 15% redemption cap for any shareholder or group (if a shareholder vote is held) and the absence of a specified maximum redemption threshold are also material. The sponsor's compensation schedule (monthly $25,000 for office space, up to $300,000 in loans, and up to $1,500,000 in convertible working capital loans) is laid out. The filing also details extensive potential conflicts of interest, including that the CEO controls all sponsors and that officers/directors have fiduciary duties to other entities, which could affect opportunity presentation.
What changed: A regulatory correspondence (CORRESP) submitting a formal request to accelerate the effectiveness of SUMA Acquisition Corporation’s Form S-1 Registration Statement (Registration No. 333-292831) to 4:30 p.m. Eastern Time on March 4, 2026. Authored by Jack Mascone, Head of Capital Markets at Seaport Global Securities LLC, this routine compliance correspondence requests that the Securities and Exchange Commission accelerate the effectiveness of the registration statement to March 4, 2026. Why it matters: For investors tracking redemption deadlines, trust valuations, extension votes, or acquisition milestones, the filing provides no substantive developments. Because the document functions solely as a Rule 461 acceleration request addressed to the Division of Corporation Finance Office of Finance (Attention: Pam Howell, 100 F Street, N.E., Washington, D.C. 20549), it contains zero claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel.
What changed: SEC correspondence (Rule 461 request) seeking acceleration of effectiveness for a Form S-1 registration statement. Chief Executive Officer Naseem Saloojee submitted a formal request to the SEC Division of Corporation Finance asking that the previously filed Form S-1 become effective at 4:30 p.m. ET on March 4, 2026. The filing leaves the SPAC's stated trust/share value of $10.11, the hard liquidation deadline of March 12, 2028, and its SEARCHING status entirely unaltered. No redemption triggers, extension votes, or sponsor conduct disclosures appear in the text. Why it matters: Acceleration requests are routine procedural steps taken shortly before IPO pricing to bypass the statutory automatic effectiveness wait period. This submission signals that management and outside counsel are synchronizing regulatory paperwork for a potential public listing, but it carries no binding commitment to proceed, announces no target, discloses no underwriting or lock-up terms, and does not affect the trust account balance or the 2028 termination window.
What changed: An administrative letter dated February 17, 2026, from the SEC Division of Corporation Finance, Office of Real Estate & Construction, notifying CEO Naseem Saloojee that staff has not reviewed and will not review the Form S-1 Registration Statement filed January 20, 2026 (File No. 333-292831). No mechanical changes occurred to the redemption calendar, trust distribution rules, extension voting procedures, deal progress, or sponsor conduct. The filing confirms the company retains a SEARCHING status, a trust account valued at $10.11 per share, and a corporate life deadline of 2028-03-12. Why it matters: The SEC’s explicit non-review means SUMA cannot price, sell, or allocate shares to public investors under this registration. The Division of Corporation Finance made clear that staff involvement ceases at this point, directing all inquiries to Pam Howell at 202-551-3357. The letter contains zero claims regarding customers, revenue, market size, strategic objectives, technology, commercial partnerships, litigation exposure, or executive compensation.
What changed: Registration statement on Form S-1 for an initial public offering of up to 15,000,000 units (plus over-allotment) by SUMA Acquisition Corporation, a blank-check company formed to effect a merger or similar business combination. This is the initial public filing of the S-1; no prior registration existed. The document sets forth the proposed terms of the IPO, including the $10.00 per-unit offering price, a $150 million trust account, a 24-month deadline to complete a business combination (extendable to 27 months upon signing a definitive agreement), redemption rights for public shareholders, and detailed sponsor compensation and lock-up provisions. Why it matters: For investors tracking redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, this filing provides the foundational mechanics: the trust is initially $10.00 per public share, the deadline is 24 months from closing (with a possible 27-month extension), sponsors have purchased founder shares at $0.004 per share and will purchase private placement units, and there are redemption rights with a 15% cap if a shareholder vote is used. The filing also includes a going-concern qualification from the auditor, which is a risk indicator. No business combination target has been identified, and the company states it has not initiated any substantive discussions.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.