[8-K] RLI Corp. Reports Material Event
Solarius Capital Sponsor, LLC, the SPAC sponsor and 10% owner of Solarius Capital Acquisition Corp. (SOCA), filed a Form 4 showing it acquired 450,000 Class A ordinary shares on 17 Jul 2025.
The shares were bought at $10.00 each as part of the issuer’s private-placement units referenced in its Form S-1, for an implied cash commitment of about $4.5 million. The purchase is coded “A” (acquisition), and raises the Sponsor’s direct beneficial holding to 450,000 shares. No derivative securities were reported.
- Reporting person acts as Director by Deputization and owns >10% of outstanding shares.
- Managing members David Saab, Charles Ecalle and Evangelia Kallitsi disclaim beneficial ownership except for their economic interest.
No sales, option grants or other equity instruments were disclosed.
Solarius Capital Sponsor, LLC, lo sponsor SPAC e proprietario del 10% di Solarius Capital Acquisition Corp. (SOCA), ha presentato un Modulo 4 che mostra l'acquisto di 450.000 azioni ordinarie di Classe A il 17 luglio 2025.
Le azioni sono state acquistate a 10,00 $ ciascuna come parte delle unità di collocamento privato dell'emittente, menzionate nel suo Modulo S-1, per un impegno in contanti implicito di circa 4,5 milioni di dollari. L'acquisto è codificato come “A” (acquisizione) e porta la partecipazione diretta dello Sponsor a 450.000 azioni. Non sono stati segnalati strumenti derivati.
- La persona che effettua la segnalazione agisce come Direttore per delega e possiede oltre il 10% delle azioni in circolazione.
- I membri gestori David Saab, Charles Ecalle ed Evangelia Kallitsi declinano la proprietà beneficiaria, eccetto per il loro interesse economico.
Non sono state comunicate vendite, concessioni di opzioni o altri strumenti azionari.
Solarius Capital Sponsor, LLC, el patrocinador SPAC y propietario del 10% de Solarius Capital Acquisition Corp. (SOCA), presentó un Formulario 4 que muestra que adquirió 450,000 acciones ordinarias Clase A el 17 de julio de 2025.
Las acciones se compraron a $10.00 cada una como parte de las unidades de colocación privada del emisor mencionadas en su Formulario S-1, con un compromiso de efectivo implícito de aproximadamente $4.5 millones. La compra está codificada como “A” (adquisición) y eleva la participación directa del Patrocinador a 450,000 acciones. No se reportaron valores derivados.
- La persona que reporta actúa como Director por delegación y posee más del 10% de las acciones en circulación.
- Los miembros gerentes David Saab, Charles Ecalle y Evangelia Kallitsi renuncian a la propiedad beneficiaria excepto por su interés económico.
No se divulgaron ventas, concesiones de opciones u otros instrumentos de capital.
Solarius Capital Sponsor, LLC는 SPAC 스폰서이자 Solarius Capital Acquisition Corp. (SOCA)의 10% 소유주로서, 2025년 7월 17일에 클래스 A 보통주 450,000주를 취득했다고 Form 4를 제출했습니다.
주식은 발행인의 Form S-1에 언급된 사모 배정 단위의 일부로 주당 10.00달러에 매입되었으며, 약 450만 달러의 현금 약정이 암시됩니다. 이번 매입은 “A”(취득)로 분류되며, 스폰서의 직접 보유 지분은 450,000주로 증가했습니다. 파생상품 증권은 보고되지 않았습니다.
- 보고자는 위임 이사로 활동하며 유통 주식의 10% 이상을 보유하고 있습니다.
- 운영 멤버인 David Saab, Charles Ecalle, Evangelia Kallitsi는 경제적 이해관계 외에는 수익적 소유권을 부인합니다.
판매, 옵션 부여 또는 기타 지분 증권은 공개되지 않았습니다.
Solarius Capital Sponsor, LLC, le sponsor SPAC et propriétaire à 10 % de Solarius Capital Acquisition Corp. (SOCA), a déposé un formulaire 4 indiquant qu’il a acquis 450 000 actions ordinaires de classe A le 17 juillet 2025.
Les actions ont été achetées à 10,00 $ chacune dans le cadre des unités de placement privé de l’émetteur mentionnées dans son formulaire S-1, pour un engagement en espèces implicite d’environ 4,5 millions de dollars. L’achat est codé « A » (acquisition) et porte la participation directe du sponsor à 450 000 actions. Aucun titre dérivé n’a été déclaré.
- La personne déclarant agit en tant que directeur par délégation et détient plus de 10 % des actions en circulation.
- Les membres gestionnaires David Saab, Charles Ecalle et Evangelia Kallitsi déclinent toute propriété bénéficiaire sauf pour leur intérêt économique.
Aucune vente, attribution d’option ou autre instrument de capitaux propres n’a été divulguée.
Solarius Capital Sponsor, LLC, der SPAC-Sponsor und 10% Eigentümer von Solarius Capital Acquisition Corp. (SOCA), reichte ein Formular 4 ein, das zeigt, dass es am 17. Juli 2025 450.000 Class A Stammaktien erworben hat.
Die Aktien wurden zu je 10,00 $ im Rahmen der privat platzierten Einheiten des Emittenten gekauft, die in dessen Formular S-1 erwähnt werden, was einer implizierten Barverpflichtung von etwa 4,5 Millionen Dollar entspricht. Der Kauf ist mit „A“ (Erwerb) kodiert und erhöht den direkten wirtschaftlichen Anteil des Sponsors auf 450.000 Aktien. Es wurden keine derivativen Wertpapiere gemeldet.
- Die meldende Person fungiert als Direktor durch Bevollmächtigung und besitzt mehr als 10 % der ausstehenden Aktien.
- Die geschäftsführenden Mitglieder David Saab, Charles Ecalle und Evangelia Kallitsi lehnen eine wirtschaftliche Eigentümerschaft ab, außer für ihre wirtschaftlichen Interessen.
Keine Verkäufe, Optionszuteilungen oder sonstige Eigenkapitalinstrumente wurden offengelegt.
- 450,000 Class A shares acquired by the Sponsor at $10, indicating continued capital commitment and alignment with public shareholders.
- None.
Insights
TL;DR: Sponsor’s $4.5 m purchase increases stake to 450k shares; routine SPAC alignment, limited immediate market impact.
Assessment: Insider buying is generally viewed as a confidence signal. However, SPAC sponsors are typically required to purchase private-placement units, so this transaction is largely procedural. The size—450 k shares at $10—matches the standard unit price outlined in the S-1 and does not change control dynamics. No derivatives or sales were reported, suggesting no hedging or profit-taking. Overall impact on valuation or float is minimal, but the filing confirms the Sponsor’s continuing financial commitment ahead of any potential business combination.
Solarius Capital Sponsor, LLC, lo sponsor SPAC e proprietario del 10% di Solarius Capital Acquisition Corp. (SOCA), ha presentato un Modulo 4 che mostra l'acquisto di 450.000 azioni ordinarie di Classe A il 17 luglio 2025.
Le azioni sono state acquistate a 10,00 $ ciascuna come parte delle unità di collocamento privato dell'emittente, menzionate nel suo Modulo S-1, per un impegno in contanti implicito di circa 4,5 milioni di dollari. L'acquisto è codificato come “A” (acquisizione) e porta la partecipazione diretta dello Sponsor a 450.000 azioni. Non sono stati segnalati strumenti derivati.
- La persona che effettua la segnalazione agisce come Direttore per delega e possiede oltre il 10% delle azioni in circolazione.
- I membri gestori David Saab, Charles Ecalle ed Evangelia Kallitsi declinano la proprietà beneficiaria, eccetto per il loro interesse economico.
Non sono state comunicate vendite, concessioni di opzioni o altri strumenti azionari.
Solarius Capital Sponsor, LLC, el patrocinador SPAC y propietario del 10% de Solarius Capital Acquisition Corp. (SOCA), presentó un Formulario 4 que muestra que adquirió 450,000 acciones ordinarias Clase A el 17 de julio de 2025.
Las acciones se compraron a $10.00 cada una como parte de las unidades de colocación privada del emisor mencionadas en su Formulario S-1, con un compromiso de efectivo implícito de aproximadamente $4.5 millones. La compra está codificada como “A” (adquisición) y eleva la participación directa del Patrocinador a 450,000 acciones. No se reportaron valores derivados.
- La persona que reporta actúa como Director por delegación y posee más del 10% de las acciones en circulación.
- Los miembros gerentes David Saab, Charles Ecalle y Evangelia Kallitsi renuncian a la propiedad beneficiaria excepto por su interés económico.
No se divulgaron ventas, concesiones de opciones u otros instrumentos de capital.
Solarius Capital Sponsor, LLC는 SPAC 스폰서이자 Solarius Capital Acquisition Corp. (SOCA)의 10% 소유주로서, 2025년 7월 17일에 클래스 A 보통주 450,000주를 취득했다고 Form 4를 제출했습니다.
주식은 발행인의 Form S-1에 언급된 사모 배정 단위의 일부로 주당 10.00달러에 매입되었으며, 약 450만 달러의 현금 약정이 암시됩니다. 이번 매입은 “A”(취득)로 분류되며, 스폰서의 직접 보유 지분은 450,000주로 증가했습니다. 파생상품 증권은 보고되지 않았습니다.
- 보고자는 위임 이사로 활동하며 유통 주식의 10% 이상을 보유하고 있습니다.
- 운영 멤버인 David Saab, Charles Ecalle, Evangelia Kallitsi는 경제적 이해관계 외에는 수익적 소유권을 부인합니다.
판매, 옵션 부여 또는 기타 지분 증권은 공개되지 않았습니다.
Solarius Capital Sponsor, LLC, le sponsor SPAC et propriétaire à 10 % de Solarius Capital Acquisition Corp. (SOCA), a déposé un formulaire 4 indiquant qu’il a acquis 450 000 actions ordinaires de classe A le 17 juillet 2025.
Les actions ont été achetées à 10,00 $ chacune dans le cadre des unités de placement privé de l’émetteur mentionnées dans son formulaire S-1, pour un engagement en espèces implicite d’environ 4,5 millions de dollars. L’achat est codé « A » (acquisition) et porte la participation directe du sponsor à 450 000 actions. Aucun titre dérivé n’a été déclaré.
- La personne déclarant agit en tant que directeur par délégation et détient plus de 10 % des actions en circulation.
- Les membres gestionnaires David Saab, Charles Ecalle et Evangelia Kallitsi déclinent toute propriété bénéficiaire sauf pour leur intérêt économique.
Aucune vente, attribution d’option ou autre instrument de capitaux propres n’a été divulguée.
Solarius Capital Sponsor, LLC, der SPAC-Sponsor und 10% Eigentümer von Solarius Capital Acquisition Corp. (SOCA), reichte ein Formular 4 ein, das zeigt, dass es am 17. Juli 2025 450.000 Class A Stammaktien erworben hat.
Die Aktien wurden zu je 10,00 $ im Rahmen der privat platzierten Einheiten des Emittenten gekauft, die in dessen Formular S-1 erwähnt werden, was einer implizierten Barverpflichtung von etwa 4,5 Millionen Dollar entspricht. Der Kauf ist mit „A“ (Erwerb) kodiert und erhöht den direkten wirtschaftlichen Anteil des Sponsors auf 450.000 Aktien. Es wurden keine derivativen Wertpapiere gemeldet.
- Die meldende Person fungiert als Direktor durch Bevollmächtigung und besitzt mehr als 10 % der ausstehenden Aktien.
- Die geschäftsführenden Mitglieder David Saab, Charles Ecalle und Evangelia Kallitsi lehnen eine wirtschaftliche Eigentümerschaft ab, außer für ihre wirtschaftlichen Interessen.
Keine Verkäufe, Optionszuteilungen oder sonstige Eigenkapitalinstrumente wurden offengelegt.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 7.01 Regulation FD Disclosure
On July 22, 2025, RLI Corp. held an analyst conference call regarding its financial results for the second quarter 2025. A copy of the conference call transcript is attached and furnished as Exhibit 99.1 to this Form 8-K Current Report and is incorporated herein by reference. The furnishing of the transcript is not intended to constitute a representation that such furnishing is required by Regulation FD or that the transcript includes material investor information that is not otherwise publicly available. In addition, RLI Corp. does not assume any obligation to update such information in the future.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
| Description |
99.1 | Transcript of Conference Call on July 22, 2025. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RLI CORP. | ||
Date: July 24, 2025 | By: | /s/ Jeffrey D. Fick |
Jeffrey D. Fick | ||
Chief Legal Officer | ||
FAQ
How many SOCA shares did Solarius Capital Sponsor purchase?
What was the purchase price of the shares?
What is the Sponsor’s total ownership after the transaction?
Were any derivative securities reported in the Form 4?
Who are the managing members of the Sponsor?
