Soulpower Acquisition Corporation (NYSE:SOUL) and SWB Holdings Announce Confidential Filing of Draft Registration Statement on Form S-4 with the SEC
Globenewswire·2025-12-30 11:30

Core Viewpoint - Soulpower Acquisition Corporation and SWB Holdings have announced the confidential submission of a draft registration statement for a proposed business combination, aiming to launch SOUL WORLD BANK™ [1][2][3] Company Overview - Soulpower Acquisition Corporation is a financials-focused special purpose acquisition company that raised $250 million in its initial public offering in April 2025 [5] - SWB LLC is a newly formed Cayman Islands company established to launch SOUL WORLD BANK™ and acquire various real-world assets [6] - SWB Holdings will be the publicly traded holding company of SOUL WORLD BANK™ and its affiliates upon the closing of the business combination [7] Business Combination Details - The draft registration statement relates to the proposed business combination between Pubco, Soulpower, and SWB LLC, which was previously announced on November 24, 2025 [2] - Pubco intends to list its non-voting Class A ordinary shares on the New York Stock Exchange under the ticker symbol "SOUL" upon closing [2][4] - The completion of the proposed transaction is subject to customary closing conditions, including shareholder approval and the effectiveness of the registration statement [3] Future Plans and Vision - The CEO of Soulpower expressed confidence in SOUL's potential to integrate traditional markets with new technologies such as AI and stablecoins, aiming to create a highly regarded banking institution [3] - SWB Holdings plans to launch with a substantial asset portfolio designed for stable book value and opportunities for asset tokenization [7]