ShoulderUp Technology Seeks $7 Million for Business Growth

Author: Dylan Bailey Updated: 04-22-2025 05:24 PM

ShoulderUp Technology’s Financing Plans Unveiled

ShoulderUp Technology Acquisition Corp. aims to secure up to $7 million through a private investment in public equity (PIPE) and a potential equity line of credit (ELOC). This strategy is tied to their anticipated merger with SEE ID, Inc., showcasing their active pursuit of financing to bolster business operations and meet merger conditions.

Purpose of the Funding

The proceeds from the PIPE and ELOC will be pivotal in fulfilling the obligations necessary for the completion of the merger with SEE ID. The combined entity expects that this influx of capital will strengthen its operational capacity and enhance its overall market competitiveness.

Investment Structure Details

The proposed offering, which is anticipated to be exempt from registration under the Securities Act of 1933, reflects ShoulderUp's commitment to align with regulatory frameworks while seeking institutional investors. The securities from this offering, categorized under Rule 144A and Regulation S, will mainly be directed towards qualified institutional buyers and non-U.S. individuals.

What to Know About ShoulderUp

ShoulderUp Technology Acquisition Corp. functions as a special purpose acquisition company (SPAC), designed for business combinations through mergers or acquisitions. These efforts highlight their strategic direction and potential for growth within the rapidly evolving technology space.

Future Expectations for the Company

With these financial maneuvers, ShoulderUp positions itself to solidify a strong foundation for post-merger operations, ensuring they can navigate the dynamic market landscape effectively. The planned capital raise signifies robust confidence in their chosen path and strategic objectives.

Contact and Additional Information

Those interested in learning more about the financial opportunities or the merger can reach out to ShoulderUp Technology Acquisition Corp. at 125 Townpark Drive, Suite 300, Kennesaw, GA 30144, or call (650) 276-7040 for further details.

Frequently Asked Questions

What is the purpose of the $7 million PIPE?

The funds will help ShoulderUp meet merger conditions and support ongoing operations post-combination with SEE ID.

How will the offering be structured?

The offering will be structured to comply with securities regulations, targeted at qualified institutional buyers and non-U.S. investors.

What is a SPAC?

A SPAC, or special purpose acquisition company, is formed to raise capital through an IPO for merging with another company.

Who can invest in the PIPE?

The PIPE is primarily aimed at institutional investors who qualify under Rule 144A and other selected investors outside the U.S.

How can I learn more about ShoulderUp?

For further inquiries about the company or investment opportunities, contact ShoulderUp at their office in Kennesaw, GA.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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