Soulpower Acquisition Corp.

Overview

L.A. Reid incorporated Soulpower Acquisition Corp. as a special purpose acquisition company in October 2024, filing an S-1 registration with the SEC to raise $200 million through an IPO of 20 million units priced at $10 each. Reid serves as chairman and CEO of the vehicle, which he co-founded with AFV Partners CEO Tom Vellios — the sponsor entity providing operational backing for the SPAC. Their stated mandate is to identify a target at the intersection of music, entertainment, media, and technology, leveraging Reid’s career-long network built across three major label presidencies and his role co-founding LaFace Records. Soulpower Acquisition Corp. has not yet completed its IPO or named a target as of June 2025. The S-1 defines its acquisition search broadly across the music and media ecosystem — including recorded-music catalogs, music publishing rights, artist management platforms, live-event infrastructure, and music-adjacent technology companies. The vehicle is structured with standard SPAC governance: shareholders vote on any proposed business combination, and trust proceeds are held in a non-operating account until a deal closes. AFV Partners, the lead sponsor, operates as an early-stage technology investment firm. Its presence provides back-office infrastructure for the SPAC, though Reid is the named operator driving target identification. The filing lists no additional senior investment professionals beyond Reid and Vellios. Reid’s own track record includes executive roles at Epic Records (where he signed Future, Travis Scott, and Meghan Trainor), Arista Records, and Island Def Jam Music Group, as well as the co-founding of Hitco Entertainment, an independent label backed by private capital that was sold to Concord in 2022. Soulpower represents an unusual SPAC structure in that it pairs a legacy media operator with a technology-focused sponsor rather than a traditional private equity platform. This hybrid architecture positions it to pursue both catalog acquisitions — an asset class dominated by royalty-backed financing — and growth-stage music-tech platforms, without the fundraising constraints of a conventional private fund. The vehicle’s success hinges entirely on Reid’s ability to convert industry stature into a proprietary pipeline before the SPAC’s deadline to consummate a business combination, typically 18–24 months post-IPO.