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Soulpower Acquisition Corp. Class A ( (SOUL) ) just unveiled an announcement.
Soulpower Acquisition Corporation and SWB Holdings amended their business combination agreement on March 26, 2026, refining how transaction expenses are handled, correcting certain capital structure details and limiting the valuation of a BVI banking license to equity-funded amounts, with boards and a special committee unanimously approving the changes. On March 31, 2026, the parties also adjusted asset contributions to the deal, notably adding an expected post-closing acquisition of Uruguayan iron mining rights and removing certain other assets, and now anticipate closing the transaction in late Q2 or Q3 2026 with a pro forma combined company valuation of about $8.5 billion, assuming no redemptions and subject to regulatory approvals and shareholder consent.
Shares of Soulpower are set to continue trading on the NYSE under the ticker SOUL until completion of the business combination, after which Pubco plans to list its Class A ordinary shares under the same symbol. The Uruguay iron mine acquisition and the evolving asset mix could materially shape SOUL WORLD BANK™’s initial balance sheet and risk profile, signaling an unconventional blend of international banking ambitions with large-scale commodity assets, while investors await further detail in forthcoming SEC filings.
More about Soulpower Acquisition Corp. Class A
Soulpower Acquisition Corporation is a New York Stock Exchange-listed, financials-focused special purpose acquisition company that raised $250 million in its upsized IPO in April 2025 and targets transactions in the financial services sector. SWB LLC and Pubco, both Cayman Islands entities, have been formed to launch and hold SOUL WORLD BANK™, which aims to operate as a licensed international financial institution with a large asset portfolio capable of supporting stable book value and potential asset tokenization.
Average Trading Volume: 71,839
Technical Sentiment Signal: Strong Buy
Current Market Cap: $266.4M
See more insights into SOUL stock on TipRanks’ Stock Analysis page.