Frequently asked questions

What is Soulpower’s mandate and sector focus?

Soulpower Acquisition Corporation is a Cayman-incorporated blank-check company formed to complete a business combination. While it may pursue any industry, the company is primarily focused on insurance services, retirement savings, and related financial services.

What does each IPO unit include?

Each $10.00 unit consists of one Class A ordinary share and one “Share Right,” entitling the holder to one-tenth (1/10) of a Class A ordinary share upon consummation of the initial business combination.

How long does Soulpower have to complete a deal?

Soulpower has 24 months from the closing of its IPO to complete an initial business combination, subject to shareholder-approved extensions with corresponding redemption opportunities.

How are investor funds protected?

All IPO proceeds—$10.00 per unit—are deposited into a U.S. trust account with Continental Stock Transfer & Trust as trustee. Public shareholders are entitled to redeem for their pro-rata share of the trust (plus accrued interest, net of taxes) when voting on the business combination or if no deal closes within the permitted timeframe.

What are shareholder redemption limits?

If Soulpower seeks shareholder approval instead of a tender offer, no single public shareholder (together with affiliates or any Section 13 “group”) may redeem more than 15 percent of the IPO shares without the company’s consent.

When did units separate, and what are the trading symbols?

Units trade on the NYSE under “SOULU.” Class A ordinary shares and Share Rights began separate trading under “SOUL” and “SOULR,” respectively, after the mandatory waiting period following the IPO.

What happened at pricing and closing?

The IPO priced on April 1, 2025 and closed April 3, 2025 at $10.00 per unit, including a partial over-allotment for 25 million units, generating $250 million in gross proceeds.

What are Share Rights and when do they convert?

Each Share Right automatically converts into 0.10 Class A share upon completion of the business combination. Rights have no cash value if a combination does not occur.

Who were the underwriters?

Cantor Fitzgerald & Co. served as sole book-running manager.

Who is Soulpower’s transfer agent?

Continental Stock Transfer & Trust Company
1 State Street, 30th Floor, New York, NY 10004
Tel: (212) 509-4000

Who is the independent auditor?

WithumSmith+Brown, P.C.
1411 Broadway, 9th Floor, New York, NY 10018
Tel: (212) 751-9100

Who is Soulpower’s legal counsel?

Sichenzia Ross Ference Carmel LLP (Issuer’s Counsel)
1185 Avenue of the Americas, 31st Floor, New York, NY 10036
Tel: (212) 930-9700

Whom should I contact for investor relations?

Crescendo Communications, LLC
12 E. 49th Street, 18th Floor
New York, NY 10019
Tel: (212) 671-1020
Email: soul@crescendo-ir.com