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In a recent transaction, Soulpower Acquisition Corp. (NASDAQ:SOUL) saw significant activity from its CEO and Chairman, Justin Lafazan. On April 3, Lafazan acquired 400,000 Class A Ordinary Shares at a price of $10 per share, totaling $4 million. This purchase was part of a private placement by Soulpower Acquisition Sponsor LLC, a major shareholder in the company. InvestingPro data shows this aligns with broader management share purchases, with the company maintaining a strong liquidity position reflected in its impressive 10.37x current ratio.
The transaction highlights the continued investment and confidence in Soulpower Acquisition Corp., a blank check company focused on potential mergers or acquisitions. This move comes as the company prepares for its initial business combination, with the acquired shares reflecting Lafazan's commitment to the company's future prospects. With a market capitalization of $2.42 million and a notable 131% price return over the past six months, investors can access more detailed insights through InvestingPro, which offers 8 additional exclusive tips about SOUL's performance and outlook.
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