Complex sentence: Stump's solo project was officially announced in January 2010 and he later revealed his first album's title to be "Soul Punk", his first major musical project since Fall Out Boy's hiatus in late 2009.
Split into simpler sentences: Stump's solo project was officially announced in January 2010 and he later revealed his first album's title to be "Soul Punk". It is the first major musical project undertaken by Stump since Fall Out Boy's hiatus in late 2009.