Soulpower Acquisition Corporation separates trading of shares and rights
- Soulpower Acquisition Corporation announced a new trading option for its Class A shares and rights starting May 23, 2025.
- The securities will be traded under the symbols 'SOUL' for shares and 'SOULR' for rights.
- This initiative allows investors to have greater flexibility and may increase market liquidity.
On May 22, 2025, in New York, NY, Soulpower Acquisition Corporation, a special purpose acquisition company incorporated in the Cayman Islands, made a significant announcement regarding its securities. Beginning May 23, 2025, holders of the units from the company's initial public offering will have the option to separately trade the Class A ordinary shares and rights included in those units. This decision allows investors more flexibility in their trading strategies by enabling them to choose whether to hold or trade these components independently. The Class A ordinary shares will trade under the symbol ‘SOUL’, while the rights will be designated as ‘SOULR’ on the New York Stock Exchange. For investors who prefer to maintain their units intact, those will continue to be traded under the ticker symbol ‘SOULU’. This development is crucial for stakeholders and potential investors as it paves the way for more accessible investment strategies and potentially enhances liquidity in the market. The press release issued by the company made it clear that this announcement does not constitute an offer to sell or solicit an offer to buy the company’s securities in jurisdictions where such activities would be unlawful. As a special purpose acquisition company, Soulpower Acquisition Corporation is designed to facilitate mergers and acquisitions, focusing on sectors such as insurance services, retirement savings, and other financial services. The company is positioned to pursue acquisition opportunities at various stages of corporate evolution. It's important to note that such forward-looking statements made in the press release are subject to numerous conditions and uncertainties, many of which are beyond the company's control. Consequently, there are no guarantees regarding the completion of the offering or the anticipated use of the net proceeds. The company advises stakeholders to review their risks by examining the ‘Risk Factors’ section of their registration statement and initial public offering prospectus filed with the SEC, which can be found on the SEC's official website.