SHUAA Partners Acquisition I, a blank check company formed by SHUAA Capital targeting tech and fintech in the Middle East, North Africa, and Turkey, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Director Fawad Tariq Khan, a Managing Director of the Investment Banking Group at SHUAA Capital, an asset management and investment banking platform in the Middle East region. The company plans to target the technology and fintech space across the high growth markets of the MENAT region.
SHUAA Partners Acquisition I plans to list on the Nasdaq under the symbol SHUAU. BTIG acted as sole bookrunner on the deal.
