NEW
YORK, April 20, 2022 /PRNewswire/ -- SHUAA
Partners Acquisition Corp I (NASDAQ: SHUAU) (the "Company")
announced today that, commencing April 22,
2022, holders of the units sold in the Company's initial
public offering may elect to separately trade the Class A ordinary
shares and warrants included in the units. The Class A ordinary
shares and warrants that are separated will trade on The Nasdaq
Global Market ("Nasdaq") under the symbols "SHUA" and "SHUAW,"
respectively. Units that are not separated will continue to trade
on Nasdaq under the symbol "SHUAU." No fractional warrants will be
issued upon separation of the units and only whole warrants will
trade. Holders of units will need to have their brokers contact
Continental Stock Transfer & Trust Company, the Company's
transfer agent, in order to separate the units into Class A
ordinary shares and warrants.
A registration statement relating to these securities has been
declared effective by the U.S. Securities and Exchange Commission
(the "SEC"). This press release shall not constitute an offer to
sell or the solicitation of an offer to buy the securities of the
Company, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering was
made only by means of a prospectus. BTIG, LLC acted as sole
book-running manager for the offering and I-Bankers Securities,
Inc. acted as co-manager for the offering. Copies of the prospectus
may be obtained by contacting BTIG, LLC, 65 East 55th Street,
New York, NY 10022, or by e-mail
at ProspectusDelivery@btig.com.
About SHUAA Partners Acquisition Corp I
The Company 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. The Company intends to
search for a target within the technology or tech-enabled financial
services sectors, across the high growth markets of the
Middle East, North Africa, and Turkey region (collectively, "MENAT"). The
search for a target will be tech-focused and sector-agnostic,
allowing the Company to fundamentally leverage new and growing
trends within the tech sector and access potential targets that are
targeting key areas for change within traditional business sectors
in the MENAT region.
Forward-Looking Statements
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact
included in this press release are forward-looking statements. When
used in this press release, words such as "anticipate," "believe,"
"estimate," "expect," "intend" and similar expressions, as they
relate to us or our management team, identify forward-looking
statements. Such forward-looking statements are based on the
beliefs of management, as well as assumptions made by, and
information currently available to, the Company's management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company's filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company's registration statement and prospectus for the Company's
initial public offering filed with the SEC. Copies of such filings
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Investor Contact:
Fawad Tariq Khan
Chief Executive Officer
projectspark@shuaa.com
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SOURCE SHUAA Partners Acquisition Corp I