Form 4: Soulpower Acquisition Sponsor LLC Reports Acquisition and Disposal of Class A Ordinary Shares

Soulpower Acquisition Sponsor LLC reports transactions involving Class A and Class B ordinary shares, including purchases, disposals, and conversions related to private placement units and founder shares.

Summary

• On April 3, 2025, Soulpower Acquisition Sponsor LLC acquired 400,000 Class A Ordinary Shares at $10 per share.
• These shares were part of a private placement unit purchase.
• The sponsor also disposed of 100,000 Class B Ordinary Shares due to the partial exercise of the Underwriters' overallotment exercise.
• The report details beneficial ownership of Class A and Class B ordinary shares, including founder shares and rights to receive Class A ordinary shares upon the company's initial business combination.
• Justin Lafazan, as an authorized signatory of Soulpower Acquisition Sponsor LLC and Soulpower Management LLC, and in his individual capacity, signed the report.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing transactions in company stock. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about ownership changes.

Negatives

• 100,000 Class B ordinary shares were automatically forfeited by the Sponsor due to the partial exercise of the Underwriters' overallotment exercise.

Risks

• Up to 1,000,000 founder shares are subject to forfeiture if the underwriters of the Issuer's IPO do not fully exercise their over-allotment option.

Future Outlook

The Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder on a one-for-one basis, subject to certain adjustments.

Industry Context

This Form 4 filing is a standard regulatory requirement for individuals or entities with beneficial ownership in a publicly traded company, providing transparency into their transactions and holdings.

Stakeholder Impact

• Shareholders are informed about changes in ownership of Class A and Class B ordinary shares.
• The filing provides transparency regarding the transactions of the Sponsor and related parties.

Key Dates

Keywords

Class A Ordinary Shares, Class B Ordinary Shares, Soulpower Acquisition Corp, Beneficial Ownership, Form 4, Sponsor, Acquisition, Disposal