ShoulderUp Technology Acquisition Corp entered into a definitive agreement to acquire SEE ID, Inc. for $130 million on March 22, 2024. Rice Reuther Sullivan & Carroll LLP and Holland & Hart LLP served as legal counsel to SEE ID. DLA Piper LLP (US) served as legal counsel to ShoulderUp Technology Acquisition Corp.

The transaction is expected to be completed in the second quarter of 2024, subject to regulatory approvals and other customary closing conditions. After closing, a newly formed parent company of SEE ID will become a publicly traded company, and its common stock is expected to be listed on the Nasdaq under the symbol ?DAIC.?. The transaction, which has been unanimously approved by the Board of Directors ShoulderUp, is subject to approval by ShoulderUp?s and SEE ID?s shareholders.

Completion of the transaction is also subject to customary closing conditions.