Soulpower Acquisition Corporation (NYSE: SOUL.U) announced the successful completion of its initial public offering, raising $250 million through the sale of 25 million units. The offering, which included an additional 3 million units due to underwriters partially exercising their over-allotment option, was priced at $10.00 per unit.
The newly public blank check company began trading on the New York Stock Exchange on April 2, 2025. Each unit comprises one Class A ordinary share and one Share Right, which will entitle holders to receive one-tenth of a Class A ordinary share upon completing a business combination. The full offering amount of $10.00 per unit was deposited into a trust account.
Led by Chief Executive Officer Justin Lafazan and Chief Financial Officer Z Teresa Strassner, Soulpower Acquisition Corporation is strategically positioned to pursue merger, acquisition, or combination opportunities. The company has expressed a particular interest in insurance services, retirement savings, and related financial service sectors.
The company’s diverse board of directors includes notable members such as Jeffrey Hoffman, Blake Janover, Ty Sagalow, and former NFL player Marques Colston. Cantor Fitzgerald & Co. served as the sole book-running manager for the offering.
A registration statement for the securities was filed with the U.S. Securities and Exchange Commission and became effective on April 1, 2025. The company emphasizes that forward-looking statements are subject to numerous conditions and potential risks, as detailed in their registration documents.
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