secwatch.observer — SEC 8-K summary
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Issuer:     Soulpower Acquisition Corp. (SOUL)
CIK:        0002025608
Form:       8-K
Filed at:   2026-06-01T21:00:32+00:00
Accession:  0001493152-26-026654
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC Soulpower Acquisition issues up to $2.5M promissory note to sponsor affiliate for working capital
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- Unsecured promissory note (B Note) for up to $2,500,000 issued to Soulpower Management LLC on May 29, 2026.
- Principal bears no interest and is automatically forgiven if initial business combination is consummated.
- If no business combination, note is due upon liquidation or earlier event of default.
- Proceeds will be used for general working capital purposes.
- Lender is controlled by CEO Justin Lafazan and holds voting discretion over sponsor's shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2025608/000149315226026654/0001493152-26-026654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2025608/000149315226026654/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-026654

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