Solarius Capital Acquisition Corp. (SOCA) reports that Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust and Robert R. Bellick may each be deemed beneficial owners of the same 688,419 Class A ordinary shares, equal to 3.89% of the class. The reported positions refer to the same shares, not four separate blocks.
Wolverine Asset Management, LLC has shared voting and dispositive power over the shares. Wolverine Holdings, LLC, its sole member and manager, and Christopher L. Gust and Robert R. Bellick, who may be deemed to control Wolverine Holdings as its managers, are also reported to have shared voting and dispositive power. The percentage calculation uses 17,700,000 Class A ordinary shares outstanding as of August 13, 2026. The amendment states ownership of 5% or less of the class.
Solarius Capital Acquisition Corp., a Cayman Islands-based special purpose acquisition company, reports interim results while it continues to seek a Business Combination in asset and wealth management or broader financial services. As of June 30, 2026, it held $179,150,299 in a Trust Account and $1,019,450 in cash outside the trust, with working capital of $668,155.
The company has not begun operating activities; reported net income of $1,364,593 for the quarter and $2,751,059 for the first half of 2026 comes almost entirely from interest on trust investments, offset by general and related-party administrative expenses. Management discloses that, because the SPAC must complete a Business Combination by April 17, 2027 or liquidate and has ongoing search costs, there is "substantial doubt" about its ability to continue as a going concern.
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 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.