ShoulderUp Technology Acquisition Corp

Description

ShoulderUp Technology Acquisition Corp (SUAC) is a blank check company led by industry veterans targeting tech and cybersecurity. We have the most diverse group of leaders -50% women, 50% people of color on the board of directors, 100% people of color on the management team. The Kennesaw, GA-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, ShoulderUp Technology Acquisition would command a market value of $348 million. The company is led by CEO and Director Phyllis Newhouse, the founder of nonprofit ShoulderUp and founder and CEO of cybersecurity firm XtremeSolutions, and Chairman Vincent Stewart, the Chief Innovation and Business Intelligence Officer of Ankura and former Lieutenant General in the US Marine Corps who also served as Deputy Director at US Cyber Command. The company plans to leverage management's experience and target businesses in technology and cybersecurity. ShoulderUp Technology Acquisition was founded in 2021 and is listed on the NYSE under the symbol SUAC.U.

AI Sector Summary

ShoulderUp Technology Acquisition Corp is a SPAC targeting the technology and cybersecurity sectors, leveraging leadership expertise in enterprise software and defense-related cyber solutions.

Financials