SPACInsider Logo
SHUAA Partners Acquisition Corp. I (SHUAU) Prices $100M IPO
by Marlena Haddad on 2022-03-02 at 6:19am

SHUAA Partners Acquisition Corp. I announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SHUAU” Wednesday, March 2.

The new SPAC intends to focus its search on a target with prospective operations within the technology and / or tech-enabled financial services sectors, across the high growth markets of the Middle East, North Africa, and Turkey region. SHUAA Partners I is led by CEO Fawad Tariq Khan, and CFO Mohammed El Beitam.

Total SPAC deal count for 2022 year-to-date is now 47. This offering is expected to close on Friday, March 5.


BTIG, LLC is acting as sole book-running manager for the offering and I-Bankers Securities, Inc. is acting as co-manager. Baker Botts L.L.P. is serving as Issuer’s Counsel with Kirkland & Ellis L.L.P. serving as Underwriter’s Counsel. BDO USA, LLP serves as an auditor. Continental Stock Transfer & Trust Company is acting as trustee.

Recent Posts
by Nicholas Alan Clayton on 2023-01-30 at 12:07am

Prime Impact I (NYSE:PIAI) has entered into a definitive agreement to combine with auto insurance firm Cheche at an enterprise value of $841 million, or about 2.3x its 2022 revenue. Beijing-based Cheche provides a digital insurance platform for car owners in China with about 34 million vehicles covered. The combined company is expected to trade...

by Marlena Haddad on 2023-01-30 at 11:42am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Hambro Perks eyes merger with Biotech Istesso, Rocket Lab launches first vehicle from U.S. soil, and Alliance Entertainment signs licensing agreement with The Walt Disney Company Hambro Perks SPAC Eyes Merger With Biotech...

by Marlena Haddad on 2023-01-30 at 10:15am

Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27. Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction. The filing did not...

by Nicholas Alan Clayton on 2023-01-30 at 9:07am

European Biotech (NASDAQ:EBAC) announced in an 8-K this morning that it has increased its PIPE by $7.8 million and added $7 million to the convertible loans attached to the combination with biotech firm Oculis. The new PIPE cash comes at $10 per share and joins $63.3 million in existing PIPE financing for a total of...

by Nicholas Alan Clayton on 2023-01-30 at 7:17am

DHC Acquisition Corp (NASDAQ:DHCA) announced that it is formally terminating its combination with conservative banking venture GloriFi. This was essentially a formality because the SPAC already announced in November that GloriFi had begun the process of winding down.  The two sides announced their $1.7 billion combination in July. But, even at the time, public details...

Privacy Policy|Terms Of Use
Copyright © 2022 SPACInsider, Inc. All Rights Reserved