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Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) has successfully completed its initial public offering, raising $172.5 million through the sale of 17,250,000 units at $10.00 per unit. The offering includes 2,250,000 units from the full exercise of the underwriter's over-allotment option.
Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 per share. The SPAC aims to pursue business combinations in asset management, wealth management, and financial services sectors, targeting businesses with enterprise values between $500 million to $2 billion. Stifel served as the lead underwriter for the offering.