Soulpower Acquisition Corporation Announces Separation of Securities on NYSE

Soulpower Acquisition Corporation announced that beginning May 23, 2025, investors who purchased units in its initial public offering can elect to trade the company's Class A ordinary shares and rights separately on the New York Stock Exchange (NYSE). The separated securities will trade under two distinct ticker symbols: 'SOUL' for Class A ordinary shares and 'SOULR' for rights. Units that remain unseparated will continue trading under the symbol 'SOULU'. This development provides potential investors with increased trading flexibility, allowing them to manage their investment components independently.

As a special purpose acquisition company (SPAC) incorporated in the Cayman Islands, Soulpower is focused on pursuing business combinations primarily in insurance services, retirement savings, and related financial services. The company aims to complete a merger, share exchange, asset acquisition, or similar transaction with one or more businesses. This approach is common among SPACs, which typically seek to offer investors more strategic options during the company's search for a suitable business combination. The separation of securities represents a significant milestone in the company's post-IPO evolution, enabling more precise investment strategies for market participants.

The announcement matters because it demonstrates Soulpower's commitment to providing investors with sophisticated financial instruments that align with modern trading practices. By allowing separate trading of shares and rights, the company creates opportunities for investors to implement more nuanced investment approaches, potentially enhancing portfolio management capabilities. This development is particularly important in the current financial landscape where SPACs have become increasingly prominent vehicles for taking companies public and facilitating business combinations across various sectors.

Investors should note that the company's forward-looking statements are subject to numerous conditions and risks, as detailed in its SEC registration documents available at https://www.sec.gov/edgar/searchedgar/companysearch. No guarantees can be made about the completion of the initial public offering or the eventual business combination. The implications of this announcement extend beyond immediate trading flexibility, potentially influencing how other SPACs structure their post-IPO securities offerings and investor relations strategies in the competitive financial markets.