Soulpower Acquisition closes $250M SPAC IPO; units begin trading on NYSE under SOULU

Soulpower Acquisition Corp.

IPO closed April 3: 25M units at $10 each, raising $250M gross proceeds; over-allotment partially exercised.
Each unit consists of one Class A ordinary share and one right to receive 1/10 of a share post-business combination.
Proceeds of $250M placed in trust; SPAC has 24 months from closing to complete a business combination.
Acquisition target: insurance services, retirement savings, and related financial services.
Management: CEO Justin Lafazan, CFO Z Teresa Strassner, board includes 8 directors.

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