other material
confidence high
sentiment neutral
materiality 0.73
Soren Acquisition Corp. closes $253M SPAC IPO; trust funded
Soren Acquisition Corp.
- Sold 25.3M units at $10.00 each, gross proceeds $253,000,000; over-allotment fully exercised.
- Private placement of 5M warrants to sponsor at $1.00/warrant raised $5,000,000.
- Total $253,000,000 deposited in trust; includes $10,120,000 deferred underwriting payable to BTIG.
- Company has 24 months from Jan 8, 2026 to complete a business combination or liquidate.
- Audited balance sheet shows $253M trust cash, $2.43M cash outside trust, $2.25M shareholders' equity.