SCHEDULE: Magnetar Entities Disclose 7% Stake in Soulpower
Beneficial Ownership Report
Magnetar Financial LLC and its affiliates have reported a 7.0% beneficial ownership stake in Soulpower Acquisition Corporation's Class A ordinary shares.
Summary
- Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman collectively reported beneficial ownership of 1,750,000 Class A ordinary shares of Soulpower Acquisition Corporation.
- This stake represents approximately 7.0% of the total outstanding Class A ordinary shares of Soulpower Acquisition Corporation, based on 25,000,000 shares outstanding as reported by the Issuer in its Form 10-Q filed on May 15, 2025.
- The shares are held across various Magnetar Funds, including Constellation Master Fund (385,000 shares), Lake Credit Fund (350,000 shares), Structured Credit Fund (297,500 shares), Xing He Master Fund (297,500 shares), Alpha Star Fund (192,500 shares), Purpose Alternative Credit Fund (35,000 shares), SC Fund (140,000 shares), and Waterfront Series A Fund (52,500 shares).
- The ownership was established as of June 30, 2025.
- The reporting persons have shared voting and shared dispositive power over all 1,750,000 shares.
- The acquisition of these securities was stated to be in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 6
Explanation: The filing is a neutral, factual report of beneficial ownership. The acquisition of a significant stake by an institutional investor like Magnetar could be viewed as a moderately positive signal of confidence in the issuer, hence slightly above neutral.
Positives
- A significant 7.0% stake in Soulpower Acquisition Corporation has been acquired by Magnetar Financial LLC and its affiliated entities, indicating institutional interest and potential confidence in the issuer.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake may increase investor confidence and potentially influence trading activity.
Key Dates
| Date | Description |
|---|---|
| 2022-12-22 | Date of Limited Power of Attorney granted by David J. Snyderman. |
| 2025-05-15 | Date of Soulpower Acquisition Corporation's Form 10-Q filing, which reported approximately 25,000,000 shares outstanding. |
| 2025-06-30 | Date of event which required the filing of this statement (beneficial ownership threshold met). |
| 2025-08-08 | Date of filing and signing of the Schedule 13G and Joint Filing Agreement. |
Keywords
Soulpower Acquisition Corporation, Magnetar Financial, Schedule 13G, Beneficial Ownership, Class A ordinary shares, Institutional Investment, SPAC, Investment Fund
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.