Suma Acquisition Corp.

General Information
Business:

(Incorporated in the Cayman Islands)

We intend to focus our search in North America across the technology industry, including the next generation and traditional sectors.

We are led by our co-founder, Naseem Saloojee, who has served as our CEO and as a Director on our Board of Directors since our inception. He is an accomplished operator and entrepreneur with a track record of building and scaling technology-enabled businesses. From September 2021 to February 2025, he served as Co-founder and Director of Carbon6 Technologies, a leading eCommerce enablement platform that developed automation and analytics tools for Amazon sellers, which was acquired by a strategic buyer in January 2025. From June 2020 to August 2021, Mr. Saloojee served as managing partner and advisor to Noetic Fund, a venture fund investing in global mental health solutions. From May 2018 to June 2020, Mr. Saloojee served as Chief Executive Officer of Globalfaces Direct, a private-equity owned outsourced services provider to non-profits.

Our co-founder David King has served as our CFO and as a Director on our Board of Directors since our inception. He brings over 25 years of public-markets experience spanning investment research, portfolio management, and equity fund leadership. He is the Founder and has served as Managing Partner of Palermo Capital Management, a long/short equity fund focused on the Consumer, Media, and Technology sectors since February 2020. From June 2011 to February 2020, Mr. King served as Managing Director & Senior Research Analyst at Roth Capital Partners, where he covered Consumer and Financial companies and was recognized for differentiated industry insight.

(Note: Suma Acquisition Corp. filed its S-1 for its IPO an disclosed the terms: 15 million units at $10.00 each to raise $150 million. Each units consists of one share of stock and one right to receive one-tenth (1/10th) of a Class A ordinary share upon the consummation  of an initial business combination.)

 

Industry: BLANK CHECKS
Employees: 0
Founded: 2026
Contact Information
Address 177 Manning Avenue Toronto, Ontario M6J2K6, Canada (647) 622-9173
Phone Number (647) 622-9173
Web Address
View Prospectus: Suma Acquisition Corp.
Financial Information
Market Cap
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol SUMAU
Exchange NASDAQ
Shares (millions): 15.0
Price range $10.00 - $10.00
Est. $ Volume $150.0 mil
Manager / Joint Managers Seaport Global Securities
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change