Soulpower Acquisition Corp. (SOUL): debt financing — Soulpower Acquisition issues up to $3.285M in promissory notes to affiliate for working capital

Soulpower Acquisition Corp.

A Note: up to $785K, 22% flat interest due at maturity, non-convertible, to Soulpower Management LLC (affiliate).
B Note: up to $2.5M, zero interest, principal automatically forgiven upon initial business combination.
As of Feb 19, 2026, $745K advanced under A Note and ~$1.212M under B Note; proceeds used for general working capital.
Lender is controlled by CEO Justin Lafazan; both notes are unsecured with customary default provisions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Soulpower Acquisition Corp. incurred loan of up to $785,000 with Soulpower Management LLC at flat-rate of 22% of the principal amount in interest maturing earlier of (i) the consummation of the Company’s initial business combination or (ii) the liquidation of the Company.

Instrument: loan
Principal: up to $785,000
Counterparty: Soulpower Management LLC
Rate: flat-rate of 22% of the principal amount in interest
Maturity: earlier of (i) the consummation of the Company’s initial business combination or (ii) the liquidation of the Company
Event: incurrence

Exact text from the filing

On February 19, 2026, Soulpower Acquisition Corporation (the “Company”) issued an unsecured promissory note in the principal amount of up to $785,000 (the “A Note”) to Soulpower Management LLC (the “Lender”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Soulpower Acquisition Corp. incurred loan of up to $2,500,000 with Soulpower Management LLC at bears no interest maturing earlier of (i) the occurrence of an event of default or (ii) the liquidation of the Company.

Instrument: loan
Principal: up to $2,500,000
Counterparty: Soulpower Management LLC
Rate: bears no interest
Maturity: earlier of (i) the occurrence of an event of default or (ii) the liquidation of the Company
Event: incurrence

Exact text from the filing

On the same date, the Company issued an additional unsecured promissory note to the Lender in the principal amount of up to $2,500,000 (the “B Note” and together with the A Note, the “Notes”).

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10 debt financings filed in the last 30 days. Browse all debt financings →

Soulpower Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001493152-26-008062

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