M&A
confidence high
sentiment neutral
materiality 0.60
Soulpower amends business combination deal: Uruguay contribution post-closing, outside date extended to April 2027
Soulpower Acquisition Corp.
- Uruguay Contribution Agreement revised: $5M cash plus up to 5M milestone and 111.5M earnout Pubco shares post-closing.
- Merger Consideration formula updated: 120% of Company Net Asset Amount + 20% of Uruguay Contribution Amount + $60M put option amount.
- Outside Date extended from 9 months after signing to April 2, 2027.
- Company Net Asset Amount definition clarified; all intended Contribution Agreements signed, no further additional ones.
- Carident AG put option shares allocated solely to Carident; removed from Class V Merger Consideration.