Soulpower Acquisition Corp. (SOUL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 78.06% of current shares
Recent Dilution: 261.9% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
26M
Potential Supply
20M
Additional shares possible
Splits
None
Past 2 years

Summary

SOUL currently has 25.6M outstanding shares. with significant dilution risk as 20M authorized shares could dilute existing holders by 78.1%. The company has significantly diluted shareholders by 261.9% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 25.6M shares outstanding

26M 20M
Mar 27, 2026

10-K filing | 25.6M shares outstanding

26M 20M
Aug 14, 2025

10-Q filing | 25.0M shares outstanding

25M 20M
May 15, 2025

10-Q filing | 25.0M shares outstanding

25M 20M
Mar 25, 2025

S-1/A filing: This S-1/A filing relates to an initial public offering of units, each consisting of one Class A ordinary share and one Share Right, by Soulpower Acquisition Corporation, a blank check company, with the underwriters having a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments.

7.7M 20M
Jan 24, 2025

S-1 filing: Soulpower Acquisition Corporation is offering 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, in an initial public offering.

5.8M 26M
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