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Wednesday, November 15, 2023

Equity Corporate Actions Alert #2023 - 664
(UPDATED: Redemption rate established) Information Regarding the Redemption of SHUAA Partners Acquisition Corp I (SHUA/W/U)

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  • Industry Announcement

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SHUAA Partners Acquisition Corp I (SHUA/W/U) has announced it will redeem its public shares and will not consummate an initial business combination. As of the close of business on November 16, 2023 the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The details are as follows:

Company Name & Issue Type: SHUAA Partners Acquisition Corp I Class A Ordinary Share
CUSIP#: G81173109
Symbol: SHUA
Last Trading Date: November 16, 2023
Marketplace Effective Date for Suspension: November 17, 2023
Redemption rate: Approximately $10.97 per Class A Ordinary Share
Company Name & Issue Type: SHUAA Partners Acquisition Corp I Warrant
CUSIP#: G81173117
Symbol: SHUAW
Last Trading Date: November 16, 2023
Marketplace Effective Date for Suspension: November 17, 2023
Redemption rate: There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.
Company Name & Issue Type: SHUAA Partners Acquisition Corp I Unit
CUSIP#: G81173125
Symbol: SHUAU
Last Trading Date: November 16, 2023
Marketplace Effective Date for Suspension: November 17, 2023
Redemption rate: Approximately $10.97 per Class A Ordinary Share

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