HOUSTON, March 11, 2026 – Baker Botts L.L.P., a leading international energy, technology, and life sciences law firm, represented Seaport Global Securities LLC as lead book-running manager in the $150 million initial public offering of SUMA Acquisition Corporation (NASDAQ: SUMAU) (“SUMA”). The offering priced on March 10, 2026, and is expected to close on or about March 12, 2026, subject to customary closing conditions. 

The offering consisted of 15 million units priced at $10 per unit, listed on the Nasdaq Global Market under the symbol “SUMAU.” Each unit consists of one Class A ordinary share and one right to receive one-fifth of a Class A ordinary share upon consummation of SUMA’s initial business combination. SUMA granted the underwriters a 45-day option to purchase up to an additional 2.25 million units to cover any over-allotments.

SUMA is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. SUMA may pursue an initial business combination target in any industry or geographic location and intends to focus its search in the United States and other developed markets across several technology-enabled sectors. 

Baker Botts Lawyers/Offices Involved:

Corporate: Doug Getten (Partner, Houston); Andrew Schulte (Partner, Houston); Sarah Dyer (Associate, Houston); Cade Luedde (Associate, Houston); Aidan Doughty (Associate, Houston)

Tax: Jon Lobb (Partner, Houston); Andrew Maughan (Associate, Houston)