Shoulderup Technology Acquisition CORP

Market Movers (8-K)

ShoulderUp Technology Acquisition Corp. plans to pursue financing alternatives, including a potential $7 million private placement and/or equity line of credit, in connection with its pending business combination with SEE ID, Inc.
Capital raise
ShoulderUp Technology Acquisition Corp. enters into a non-redemption agreement to retain investor shares and proceeds with its business combination plans.
ShoulderUp Technology Acquisition Corp. (SUAC) successfully secured stockholder approval for its business combination agreement and several key amendments to its corporate charter at a special meeting held on February 6, 2025.
ShoulderUp Technology Acquisition Corp. has extended the date to complete a business combination to February 24, 2025, following stockholder approval.
Delay expected
ShoulderUp Technology Acquisition Corp. has extended the deadline to complete a business combination to January 24, 2025, following a shareholder vote.
Delay expected
ShoulderUp Technology Acquisition Corp. has identified a material error in its previously issued unaudited interim financial statements for the period ended June 30, 2024, related to the calculation of a derivative liability.
Worse than expected

Quarterly Earnings (10-Q)

ShoulderUp Technology Acquisition Corp. (SUAC) reported a significant net loss of $4.49 million for Q1 2025, a substantial increase from the prior year, and disclosed substantial doubt about its ability to continue as a going concern due to a working capital deficit and a passed mandatory liquidation date.
Delay expected
Worse than expected
Capital raise
ShoulderUp Technology Acquisition Corp. reported a net loss for Q3 2024, while continuing efforts to finalize a business combination and manage its financial obligations.
Worse than expected
Delay expected
Capital raise
ShoulderUp Technology Acquisition Corp. has filed an amended quarterly report to correct a miscalculation of a derivative liability related to non-redemption agreements.
Worse than expected
Delay expected
Capital raise
ShoulderUp Technology Acquisition Corp. reports a net loss for Q2 2024, while continuing efforts to finalize a business combination.
Worse than expected
Delay expected
Capital raise
ShoulderUp Technology Acquisition Corp. reported a net loss for Q1 2024, navigated delisting from the NYSE, and continued efforts towards a business combination.
Worse than expected
Delay expected
Capital raise

Annual Reports (10-K)

ShoulderUp Technology Acquisition Corp.'s 10-K filing reveals substantial doubt about its ability to continue as a going concern due to liquidity issues and a passed mandatory liquidation date, despite ongoing efforts to complete a business combination with SEE ID, Inc.
Delay expected
Capital raise
Worse than expected
ShoulderUp Technology Acquisition Corp. has filed its annual 10-K report, outlining its financial status and detailing a business combination agreement with SEE ID, Inc.
Delay expected
Capital raise
Worse than expected

Insider Trading (Form 4)

ShoulderUp Technology Acquisition Corp. plans to pursue financing alternatives, including a $7 million private placement and/or an equity line of credit, in connection with its pending business combination with SEE ID, Inc.
Capital raise
ShoulderUp Technology Acquisition Corp. (SUAC) has entered into a non-redemption agreement with an investor to rescind the redemption of 500,000 shares, alongside a forfeiture agreement involving 413,333 founder shares, as part of its business combination plans.
Polar Asset Management Partners Inc. acquired 100,000 shares of ShoulderUP Technology Acquisition Corp., bringing their total holdings to 500,000 shares.
Dot Ai has entered into a five-year exclusive partnership with Wurth Industry North America to deploy its AI-driven tracking solutions in the manufacturing sector.
SEE ID, Inc., an asset intelligence technology company, is set to go public through a merger with ShoulderUp Technology Acquisition Corp., with an implied pro forma enterprise value of $130 million.
Capital raise

Proxy Statements (Def-14A)

ShoulderUp Technology Acquisition Corp. is seeking stockholder approval to merge with SEE ID, Inc., a Nevada corporation specializing in IoT and AI-driven asset tracking and workflow management solutions.
Capital raise
ShoulderUp Technology Acquisition Corp. is requesting stockholder approval to extend the deadline for completing a business combination from January 24, 2025, to February 24, 2025.
Delay expected
ShoulderUp Technology Acquisition Corp. is requesting shareholder approval to extend the deadline for completing a business combination from December 31, 2024, to January 24, 2025.
Delay expected
ShoulderUp Technology Acquisition Corp. is seeking stockholder approval to extend the deadline for completing a business combination from November 19, 2024, to December 31, 2024.
Worse than expected
Delay expected
ShoulderUp Technology Acquisition Corp. has announced the postponement of its special meeting of stockholders from May 15, 2024, to May 17, 2024.
Delay expected
ShoulderUp Technology Acquisition Corp. is seeking stockholder approval to extend the deadline for completing a business combination and is offering incentives to stockholders who choose not to redeem their shares.
Delay expected

Schedule 13G - Passive Investments

Moore Capital Management, LP and its affiliated entities, including Louis M. Bacon, have filed an amended Schedule 13G indicating they no longer beneficially own any Class A Common Stock in ShoulderUP Technology Acquisition Corp. as of December 31, 2024, while still holding warrants.
Worse than expected