Solarius Capital Acquisition Corp (SOCA) is a blank-check special purpose acquisition company that raised capital through an initial public offering for the sole purpose of completing a business combination with an unidentified target. The company completed its IPO on July 17, 2025, placing $173,362,500 ($10.05 per Unit) into a trust account managed by Continental Stock Transfer & Trust Company as trustee. Trust proceeds are held in U.S. government treasury obligations with maturities of 185 days or less, or in qualifying Rule 2a-7 money market funds, on a temporary basis pending a business combination. The company has not yet identified or completed an acquisition target as of the 10-K filing dated March 20, 2026. Named individuals associated with the filing include Mohsen Fahmi, Richard H. Haywood Jr., and Anthony DeLuca. SOCA is classified as an emerging growth company and a smaller reporting company under applicable SEC rules.

Revenue model

SOCA generates no operating revenue. Its IPO proceeds, net of a 2.0% cash underwriting discount of $3,000,000 paid at closing, are held in trust and invested in U.S. government treasury obligations or qualifying money market funds. The company's economic model depends entirely on completing an initial business combination; no recurring revenue streams exist at the filing date.

Products and services

The company's sole activity is identifying and completing an initial business combination. It offers no products or commercial services. IPO units were sold to public shareholders, with the underwriters fully exercising a 45-day over-allotment option for up to 2,250,000 additional units on July 17, 2025.

Value-chain role

SOCA serves as a publicly listed acquisition vehicle. It raises capital from public market investors, holds those proceeds in trust, and deploys them to acquire a controlling interest (50% or more of outstanding voting securities) in a private target business. The post-transaction structure requires the combined entity to own at least 50% of the target to avoid registration as an investment company under the Investment Company Act.

Source: SEC 10-K, filed 2026-03-20

Industry: Blank Checks