Soulpower and SWB Holdings have confidentially submitted a draft registration statement on Form S-4 with the SEC for a proposed business combination.
The registration statement is related to the business combination between Pubco, Soulpower, and SWB LLC.
Upon closing the business combination, Pubco intends to list its non-voting Class A ordinary shares on the NYSE under the ticker symbol 'SOUL'.
Proposed Business Combination
The proposed transaction is subject to customary closing conditions, including approval of Soulpower shareholders and the effectiveness of the registration statement.
Soulpower's Background
Soulpower Acquisition Corporation is a financials-focused special purpose acquisition company that raised $250 million in its initial public offering in April 2025.
SWB's Purpose
SWB Holdings intends to be the publicly traded holding company of SOUL WORLD BANK™ and its affiliates, offering international financial services and operating as a licensed international financial institution.
- The submission of the draft registration statement marks a critical milestone towards launching SOUL WORLD BANK™.
- The business combination aims to unite traditional markets with new technologies like AI, stablecoins, and tokenization.
Investors and security holders are urged to read the registration statement and other related documents to make informed decisions regarding the proposed transaction.