SHUAA Partners Acquisition I in an 8-K said it has been approved to list on the Nasdaq Capital Market tier after facing delisting from The Nasdaq Global Market for falling below the minimum shareholders threshold.
The SPAC's stock, units and warrants will continue to trade under the symbols SHUA, SHUAU and SHUAW, respectively.
The SPAC raised $100 million in a March 2022 IPO. SHUAA intends to search for a fintech target within the high-growth markets of the Middle East, North Africa, and Turkey region (collectively, “MENAT”). Read more.