SUMA Acquisition Corporation, a blank-check company, announced Monday the pricing of its initial public offering of 15 million units at $10.00 per unit, raising $150 million for its search for acquisition targets in U.S. and developed markets.

The Las Vegas-based special purpose acquisition company (SPAC) will trade on the Nasdaq under the ticker symbol "SUMAU" beginning March 11, 2026. The units consist of one share of common stock and one-half of one redeemable warrant, with each full warrant exercisable for one share of common stock at $11.50 per share.

SUMA joins a growing list of SPACs seeking public market funding in 2026. The company has not yet disclosed specific sectors or geographic regions it intends to target for potential business combinations, stating only that it will focus on opportunities in the United States and other developed markets.

The IPO comes as the SPAC market continues to show activity, with various blank-check companies pursuing public listings to raise capital for acquisitions. SUMA's offering size of $150 million positions it in the mid-range of recent SPAC IPOs, which have varied significantly in scale from tens of millions to several billion dollars.

The company has not announced an underwriting syndicate for the offering or provided details about the management team's previous acquisition experience. SUMA will have a limited time period, typically 18 to 24 months, to identify and complete a qualifying business combination or return the funds to investors.