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™ and its affiliates [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 proposed business combination was initially announced on November 24, 2025, and involves Pubco, Soulpower, and SWB LLC [2] - Pubco intends to list its non-voting Class A ordinary shares on the New York Stock Exchange under the ticker symbol "SOUL" after the closing of the business combination [2][4] - The completion of the transaction is subject to customary closing conditions, including shareholder approval and the effectiveness of the registration statement [3] Future Plans - The SOUL WORLD BANK™ aims to offer a suite of international financial services and operate as a licensed international financial institution, with a focus on integrating traditional markets with new technologies like AI and tokenization [3][7] - The asset portfolio held by SWB is designed to provide stable book value and opportunities for financial engineering [7] Regulatory Process - The confidential submission of the draft registration statement allows the parties to engage with the SEC before making a public filing [2][8] - A definitive Proxy Statement/Prospectus will be mailed to Soulpower shareholders after the registration statement is declared effective [8]