SHUAA Partners Acquisition I Prices $100M IPO

SHUAA Partners Acquisition I priced its initial public offering of 10 units at $10. Units list on the Nasdaq and begin trading today under the ticker symbol SHUAU. Each consists of one Class A ordinary share and one-half of a warrant. When the securities begin separate trading, shares and warrants will list under the symbols SHUA and SHUAW.

The SPAC slashed the offering by 50% a week ago today ahead of pricing.

SHUAA intends to search for a fintech target across the high growth markets of the Middle East, North Africa, and Turkey region (collectively, “MENAT”).

BTIG is sole book-running manager for the offering and I-Bankers Securities is co-manager. Read more.

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Integrated Rail and Resources Files for $275M IPO

The new SPAC in the filing said its focus is on North American railroad companies that transport bulk commodities, terminal companies that transload bulk commodities to and from railroads and pipelines, trucks, and ports, the companies that produce bulk commodities moved by railroads in large volumes, and the rail cars that are used to transport bulk commodities.