Soulpower Acquisition Corporati
10.14+0.00 (+0.04%)
Oct 28, 1:46:14 PM EDT · NYSE · SOUL · USD
Key Stats
Market Cap
344.29MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Soulpower Acquisition Corporation posted a net income of $2.1M for Q2 2025 ended June 30, driven by $2.5M in interest from its Trust Account, offsetting $390K in general and administrative costs—a sharp turnaround from the $10K loss in its brief 2024 inception period (derived). The six-month net income of $2.0M reflects similar dynamics, with no revenue yet as a blank check company post its April 2025 IPO of 25M units raising $250M now held in trust at $252.5M. Cash outside trust stands at $695K, supporting due diligence without debt. No business combination yet, but trust growth signals steady value accrual. Geopolitical tensions pose risks to deal timelines.
8-K
SPAC appoints president, CFO consultants
Soulpower Acquisition Corporation appointed Joshua Lafazan as President and formalized consulting agreements with him and CFO Teresa Strassner on July 7, 2025, both effective until the business combination closes. Lafazan, brother to CEO Justin Lafazan, will handle investor, government, and community relations for $7,500 monthly; Strassner earns $10,000 monthly for CFO duties. These moves bolster leadership amid the SPAC hunt. Family ties raise governance flags.
8-K
SPAC enables separate trading
Soulpower Acquisition Corporation announced on May 22, 2025, that holders of its NYSE-listed units (SOULU) can begin separately trading Class A ordinary shares (SOUL) and rights (SOULR) starting May 23, 2025. This separation boosts liquidity for investors awaiting the SPAC's business combination in insurance services and financial sectors. Unseparated units persist under SOULU. Forward-looking statements highlight risks in completing any deal.
10-Q
Q1 FY2025 results
Soulpower Acquisition Corporation, a blank check company, reported a net loss of $179,718 for Q1 2025 ended March 31, driven by $179,908 in general and administrative costs offset by $190 in dividend income, yielding a diluted EPS of $(0.02) on 7,333,333 weighted-average shares. Cash dwindled to $3,286 from $25,386 at year-end, with net operating cash use of $124,218 funded by $102,118 in sponsor loans, pushing total liabilities to $307,493 against $61,948 in assets and a $245,545 shareholder deficit. Post-quarter, on April 3, 2025, it closed its IPO raising $250M in gross proceeds from 25M units at $10 each, plus $6.2M from 620,000 private units, depositing $250M into trust for a business combination within 24 months. No revenue yet, as operations await merger. Geopolitical tensions risk delaying the deal.
8-K
SPAC IPO closes with $250M trust
Soulpower Acquisition Corporation closed its IPO on April 3, 2025, selling 25 million units at $10 each for $250 million in gross proceeds, including a partial over-allotment exercise. A simultaneous private placement added $6.2 million from 620,000 units to sponsor and underwriter Cantor Fitzgerald. All $250 million net proceeds landed in a trust account, fueling the hunt for a business combination within 24 months. Yet risks loom from geopolitical tensions.
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