Soren Acquisition Corp (NASDAQ: SORN) is a blank-check special purpose acquisition company (SPAC) formed to identify and complete a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. The company generates no operating revenue. It raised gross proceeds through an initial public offering managed by BTIG, LLC as sole book-running manager, with $253,000,000 placed into a Trust Account invested in U.S. government treasury money market funds as of the IPO closing. As of March 24, 2026, the company had 25,300,000 Class A ordinary shares underlying public units plus 1,000,000 representative shares outstanding. The company was incorporated on September 2, 2025 (inception) and has a Combination Period of 24 months from the IPO closing to complete an initial Business Combination, subject to the Nasdaq 36-Month Requirement. No target business has been identified as of the 10-K filing date of March 27, 2026. The Sponsor purchased 5,000,000 Private Placement Warrants. Total transaction costs from the IPO were $12,511,804.

Revenue model

No operating revenue. Capital is held in a Trust Account invested in U.S. government treasury money market funds pending completion of an initial Business Combination. The underwriter BTIG is entitled to a Business Combination Marketing Fee of 4% of gross IPO proceeds, payable only upon closing of a Business Combination.

Products and services

Public units (consisting of Class A ordinary shares and Public Warrants), Private Placement Warrants (5,000,000 purchased by the Sponsor), and Founder Shares (Class B ordinary shares convertible into Class A ordinary shares upon Business Combination completion). Trust Account holds $253,000,000 in U.S. government treasury money market funds as of IPO closing.

Customers and end markets

Public shareholders who participated in the IPO. End market is determined by the target business selected for the initial Business Combination, which had not been identified as of the 10-K filing date of March 27, 2026.

Value-chain role

Blank-check acquisition vehicle. Sources, evaluates, and executes a merger or acquisition transaction with a private or public target business. Acts as the acquirer in a Business Combination transaction.

Source: SEC 10-K, filed 2026-03-27

Industry: Blank Checks