SUMA Acquisition CorpSUMA

SUMA Acquisition Corp, a blank-check company, has been making waves in the financial world with its recent filings. The company's net income attributable to the parent for the quarter ending March 31, 2026, was a modest $152,021. This is a stark contrast to their operating income (loss) of $-167,161 for the same period. Despite these losses, the company's assets stand at a healthy $174.1 million, while their liabilities are a mere $7.2 million.

SUMA's business model revolves around acquiring and merging with other companies. Their recent administrative services agreement with their sponsors, SUMA Sponsor LP and SUMA Canada II Sponsor LP, has seen the sale of 141,922 and 174,953 private placement units respectively. These units are a crucial part of their strategy to raise capital for future acquisitions.

The company's financial health is further highlighted by their stockholders' equity attributable to the parent, which stands at $-5.9 million. This negative equity is a cause for concern, but the company's net cash used in operating activities for the quarter ending March 31, 2026, was $-189,737. Despite these financial challenges, SUMA continues to push forward with their acquisition strategy, as evidenced by their recent press release announcing the separate trading of their units.

For those looking to dive deeper into SUMA's financials, the SEC EDGAR filing index and the company's submissions JSON provide a wealth of information. These sources offer a comprehensive view of the company's financial health and their acquisition strategy. As always, it's important to approach these filings with a critical eye and a healthy dose of skepticism.