Solarius Capital Acquisition Corp. reported net income of $1,386,466 for the quarter ended March 31, 2026, driven mainly by $1,573,586 of interest on funds held in its SPAC trust account. Operating costs were modest, with general and administrative expenses of $107,685 and $90,000 of related-party administrative expense.
Total assets were $178,815,109, including $177,559,894 held in the trust account, backing 17,250,000 Class A shares subject to redemption at about $10.29 per share. Cash outside the trust was $1,097,917, supporting working capital of $875,842 as the company continues to seek a business combination before its April 17, 2027 deadline.
Solarius Capital Acquisition Corporation Schedule 13G reports that Wolverine Asset Management, LLC and related entities/individuals have shared voting and dispositive power over 915,978 Class A ordinary shares. This equals 5.18% of the issuer's Class A ordinary shares based on 17,700,000 shares outstanding as of March 20, 2026. The filing states the shared authority is held by WAM, Wolverine Holdings, and managers Christopher L. Gust and Robert R. Bellick; Wolverine Flagship Fund Trading Limited is named as having rights to dividends or sale proceeds for the covered shares. Signatures are dated 04/17/2026.
Solarius Capital Acquisition Corp. is a Cayman Islands-based special purpose acquisition company that completed an IPO of 17,250,000 units at $10.00 each, plus 450,000 private placement units, and placed $173,362,500 into a Nasdaq-listed trust.
The SPAC is a shell company with no operations, seeking a business combination in asset management, wealth management or broader financial services, targeting enterprises valued between $500 million and $2 billion. Public shareholders can redeem shares for cash held in the trust, initially anticipated to be $10.05 per share, in connection with a merger or if no deal occurs by April 17, 2027.
As of March 20, 2026, the company had 17,700,000 Class A and 5,750,000 Class B ordinary shares outstanding, and reported $166,012,500 of cash initially available for a deal after deferred underwriting fees. The filing details potential dilution from additional equity or debt financing, sponsor incentives, redemption mechanics, creditor protections and the process for evaluating and approving a target business.
Solarius Capital Acquisition Corp. (SOCA) reported its Q3 2025 results as a newly formed SPAC. Net income was $630,309 for the quarter, driven largely by $897,501 of income on investments held in the Trust Account, offset by $201,298 of formation and G&A expenses and $73,548 of related‑party administrative expense.
The Trust Account held $174,260,001 at September 30, 2025, while cash and cash equivalents held outside the trust were $1,266,950, supporting ongoing search and diligence activities. Working capital was $1,217,854. The IPO closed on July 17, 2025, with 17,250,000 units sold and an additional 450,000 private placement units, and total offering costs of $9,458,142, including $7,350,000 of deferred underwriting commissions. The SPAC has up to 21 months from closing—through April 17, 2027—to complete a business combination. As of November 13, 2025, there were 17,700,000 Class A ordinary shares and 5,750,000 Class B ordinary shares outstanding. Warrants outstanding totaled 8,850,000, each exercisable at $11.50 per share after a business combination.