BVI Court Approves Asset Sale to SWB LLC, Advancing Soulpower Business Combination

Soulpower Acquisition Corp.

On July 23, 2026, BVI High Court granted permission for joint liquidators of Bank of Asia (BVI) to sell certain assets to SWB LLC.
The asset sale is a condition of the Asset Sale Agreement dated Nov 6, 2025, in connection with the proposed business combination among Soulpower, SWB Holdings, and SWB LLC.
Other conditions remain, including SWB obtaining a banking license from BVI FSC and deposit protection membership from VIDIC.
The proposed business combination remains subject to shareholder approval and other closing conditions.

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