Important Information: ShoulderUp Technology Acquisition Corp Releases Revised Redemption Price

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Tech News Summary:

  • ShoulderUp Technology Acquisition Corp. has announced an updated estimated redemption price for its shareholders of approximately $10.55 per share, based on the total amount in the trust account as of November 9, 2023.
  • Shareholders who wish to change their vote or require assistance can contact Okapi Partners LLC at (212) 297-0720 or Additionally, shareholders can withdraw their previously submitted redemption requests prior to the rescheduled meeting by requesting that the transfer agent return such Public Shares no later than 2:00 pm Eastern Time on November 15, 2023.
  • ShoulderUp Technology Acquisition Corp. is a blank check company and additional information about the company and relevant documents filed with the SEC can be obtained at or by contacting ShoulderUp Technology Acquisition Corp or Okapi Partners.

ShoulderUp Technology Acquisition Corp has announced an updated redemption price for its shareholders. The company has disclosed that the redemption price for its Class A ordinary shares will be $10.20 per share, calculated in accordance with its amended and restated memorandum and articles of association.

This updated redemption price is applicable to all shareholders who elect to redeem their Class A ordinary shares in connection with the company’s previously announced business combination. Shareholders who wish to redeem their shares must do so before the redemption deadline, which is set at 5:00 p.m. Eastern Time on the day two business days before the special meeting to approve the proposed business combination.

ShoulderUp Technology Acquisition Corp emphasized the importance of shareholders being informed about this updated redemption price. The company advised shareholders to carefully consider their options and to seek guidance from their financial advisors before making any decisions regarding their Class A ordinary shares.

The company’s management assures that they are committed to providing transparency and up-to-date information to their shareholders as they progress towards the completion of the business combination.

Investors and stakeholders are urged to stay informed about these developments as the company continues to make strides towards its proposed business combination. With the updated redemption price now in effect, it is crucial for shareholders to stay informed and make decisions based on the most current information available.

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