Solarius Capital Acquisition, a blank check company targeting asset and wealth management businesses, filed on Monday with the SEC to raise up to $150 million in an initial public offering.
The company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Solarius Capital Acquisition is led by CEO Richard Haywood Jr., who currently serves as co-owner and Managing Director of investment banking firm Cambridge International Partners, and Chairman Mohsen Fahmi, who currently serves as a guardian of the board of Sarawak Sovereign Wealth Future Fund and previously was an advisor to PIMCO. The SPAC plans to target businesses that complement management's background and experience, including in the asset management, wealth management, and financial services markets, focusing on those in Europe with enterprise values between $500 million and $2 billion.
The Darien, CT-based company was founded in 2025 and plans to list on the Nasdaq under the symbol SOCAU. Solarius Capital Acquisition filed confidentially on May 9, 2025. Stifel is the sole bookrunner on the deal.
