SHUAA Partners Acquisition I closed its initial public offering of 10 million units at $10 each. Units are listed on the Nasdaq under the ticker symbol SHUAU. Each consists of one Class A ordinary share and one-half of a warrant.
After the securities begin separate trading, the shares and warrants are expected to list under the symbols SHUA and SHUAW.
The SPAC intends to search for a fintech target within the high-growth markets of the Middle East, North Africa, and Turkey region (collectively, “MENAT”).
BTIG was sole book-running manager for the offering and I-Bankers Securities, was co-manager. Read more.
