ShoulderUP Technology Acquisition Corp.
SUAC, SUACU, SUACWFinancials · Blank Checks · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Operating income | −$1.3M | −$1.2M | −$1.1M | −$227,836 |
| Net income | −$2.0M | $332,337 | $2.4M | −$224,668 |
| Total assets | $6.0M | $21.5M | $310.4M | $307.3M |
| Total liabilities | $14.8M | $22.0M | $12.3M | $11.7M |
| Equity | −$14.4M | −$21.6M | −$11.0M | −$10.3M |
| EPS (diluted) | — | — | — | — |
| Shares out. | — | — | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- —
- Net margin
- —
- Return on equity
- 14.1%
- Return on assets
- −33.8%
- Return on capital (ROCE)
- −1520.3%
- Liabilities / assets
- 246.2%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- −712.6%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- -15.99distress
- Accruals / assets
- −20.2%clean
- Piotroski F-Score
- 1/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 2 warning● 1 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 16, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Q/Amissed a reporting deadline ↗Nov 21, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2024
- NT 10-Qmissed a reporting deadline ↗May 16, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Moore Capital Management, LpPassive (13G)Feb 13, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Polar Asset Management Partners Inc.10% owner | Nov 19, 2024 | Buy | 100,000 | $10.71 |
| Shoulderup Technology Sponsor, Llc10% owner | Nov 19, 2021 | Buy | 13.5M | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Other material eventApr 29, 2025
- Entered a material agreementApr 22, 2025
- Amended charter or bylaws · Shareholder voteFeb 12, 2025
- Amended charter or bylaws · Shareholder voteJan 24, 2025
- Amended charter or bylaws · Shareholder voteJan 3, 2025
- Prior financials not reliable (restatement)Nov 26, 2024
- Amended charter or bylaws · Shareholder voteNov 22, 2024
- Other material eventNov 20, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15-12GFORM 15-12GJun 23, 2025
- 10-QQUARTERLY REPORTJun 11, 2025
- NT 10-QNOTIFICATION OF LATE FILINGMay 16, 2025
- 10-KANNUAL REPORTMay 7, 2025
- 425CURRENT REPORTApr 29, 2025
- 8-KCURRENT REPORTApr 29, 2025
- 425CURRENT REPORTApr 22, 2025
- 8-KCURRENT REPORTApr 22, 2025
- NT 10-KNOTIFICATION OF LATE FILINGMar 31, 2025
- SCHEDULE 13G/AFeb 13, 2025
- 8-KCURRENT REPORTFeb 12, 2025
- 8-KCURRENT REPORTJan 24, 2025
- DEFM14APROXY STATEMENTJan 17, 2025
- DEF 14APROXY STATEMENTJan 13, 2025
- 8-KCURRENT REPORTJan 3, 2025