Soulpower Acquisition Corporation Announces Separate Trading of Shares and Rights 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'.

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. The announcement provides potential investors with increased trading flexibility, allowing them to manage their investment components independently. 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 implications of this development are significant for the New York City metro area's financial ecosystem, where SPAC activity has become increasingly prominent. By enabling separate trading of shares and rights, Soulpower provides investors with more precise tools to manage their positions as the company progresses toward identifying and completing a business combination. This flexibility could potentially attract more sophisticated investors who want to separate their exposure to the underlying shares from the rights component, which typically provide additional shares in the eventual merger.

For the broader financial services sector in the New York region, this announcement reflects ongoing innovation in investment vehicles and trading mechanisms. SPACs like Soulpower have become important players in capital markets, offering alternative pathways for companies to go public while providing investors with unique opportunities. The company's focus on insurance services, retirement savings, and related financial services aligns with New York's status as a global financial hub, potentially positioning it to capitalize on emerging trends in these 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. No guarantees can be made about the completion of the initial public offering or the eventual business combination. The separation of trading components represents a standard procedural step for SPACs but carries implications for market liquidity and investor strategy as these entities navigate the complex process of identifying and merging with target companies.