secwatch.observer — SEC 8-K summary
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Issuer:     Soulpower Acquisition Corp. (SOUL)
CIK:        0002025608
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001493152-26-008062
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Soulpower Acquisition issues up to $3.285M in promissory notes to affiliate for working capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2025608/000149315226008062/0001493152-26-008062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2025608/000149315226008062/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-008062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer