M&A
confidence high
sentiment neutral
materiality 0.75
Soulpower Acquisition Corp. announces ~$8.1B business combination with SWB LLC
Soulpower Acquisition Corp.
- Business Combination Agreement signed Nov 24, 2025; Company net asset amount ~$6.75B, Merger Consideration ~$8.1B.
- SPAC shareholders receive 1 Pubco Class A non-voting share per SPAC share; SPAC rights convert to 1/10 Pubco Class A share.
- Company to acquire real estate/mineral rights assets, BVI banking license from Bank of Asia, and advisory deal with Animoca.
- Conditions include at least $250M in Contribution Agreements closed, $100M PIPE, $50M ELOC, and shareholder approval.
- No termination fees; SPAC bears all deal expenses; Pubco board to be designated by Company as 'controlled company'.