Soulpower Acquisition Corp.
For the period ended Mar 31, 2025. Filed May 15, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
SOUL$10.54+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheet as of March 31, 2025
SOULPOWER ACQUISITION CORPORATION
BALANCE SHEET
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Cash | $3,286 | $25,386 |
| Prepaid expenses | 1,667 | 18,167 |
| Deferred offering cost | 56,995 | 56,995 |
| Total Assets | $61,948 | $100,548 |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | ||
| Liabilities | ||
| Accrued expenses | $82,080 | $43,080 |
| Loan payable - Sponsor HoldCo | 225,413 | 123,295 |
| Total Liabilities | 307,493 | 166,375 |
| Commitments and Contingencies | - | - |
| Shareholder’s Deficit | ||
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; 0 shares issued or outstanding | - | - |
| Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized, 0 shares issued or outstanding. | - | - |
| Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 8,433,333 shares issued and outstanding.(1) | 843 | 767 |
| Additional paid-in capital | 24,157 | 24,233 |
| Accumulated deficit | (270,545) | (90,827) |
| Total Shareholder’s Deficit | (245,545) | (65,827) |
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | $61,948 | $100,548 |
| (1) | Includes an aggregate of up to 1,100,000 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 7). |
| (2) | The Company effected a share dividend of 0.33 shares for each Class B ordinary share outstanding, resulting in the initial shareholders holding an aggregate of 7,666,667 Class B ordinary shares. On April 1, 2025, the Company effected a share capitalization of 0.11 shares for each Class B ordinary share outstanding, resulting in the initial shareholders holding an aggregate of 8,433,333 Class B ordinary shares. All share and per share information has been retrospectively presented (see Note 5). |
SOULPOWER ACQUISITION CORPORATION
STATEMENTS OF OPERATIONS
| Operating expenses | ||
|---|---|---|
| General and administrative costs | $179,908 | |
| Total operating expenses | 179,908 | |
| Dividend income | 190 | |
| Net loss | $179,718 | |
| Weighted-average shares outstanding, basic and diluted (1) (2) | 7,333,333 | 1 |
| Basic and diluted net loss per ordinary share | $(0.02) | |
| (1) | Excludes an aggregate of up to 1,100,000 Class B ordinary shares subject to forfeiture if the over allotment option is not exercised in full or in part by the underwriters (see Note 7). |
| (2) | The Company effected a share dividend of 0.33 shares for each Class B ordinary share outstanding, resulting in the initial shareholders holding an aggregate of 7,666,667 Class B ordinary shares. On April 1, 2025, the Company effected a share capitalization of 0.11 shares for each Class B ordinary share outstanding, resulting in the initial shareholders holding an aggregate of 8,433,333 Class B ordinary shares. All share and per share information has been retrospectively presented (see Note 5). |
SOULPOWER ACQUISITION CORPORATION
STATEMENTS OF CHANGES IN SHAREHOLDER’S DEFICIT
| Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Stockholder’s | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficit | |
| Balance - January 1, 2025 | 8,433,333 | $843 | $24,157 | $(90,827) | $(65,827) |
| Net loss | - | - | - | (179,718) | (179,718) |
| Balance - March 31, 2025 (unaudited) | 8,433,333 | $843 | $24,157 | $(270,545) | $(245,545) |
| (1) | Includes an aggregate of up to 1,100,000 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 7). |
| (2) | The Company effected a share dividend of 0.33 shares for each Class B ordinary share outstanding, resulting in the initial shareholders holding an aggregate of 7,666,667 Class B ordinary shares. On April 1, 2025, the Company effected a share capitalization of 0.11 shares for each Class B ordinary share outstanding, resulting in the initial shareholders holding an aggregate of 8,433,333 Class B ordinary shares. All share and per share information has been retrospectively presented (see Note 5). |
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