Mergers & Acquisitions ·
Soulpower Acquisition Corp. announced that the Commercial Division of the High Court of Justice of the Virgin Islands…
SOULSoulpower Acquisition Corp.
Soulpower Acquisition Corp. announced that the Commercial Division of the High Court of Justice of the Virgin Islands granted permission to sell certain assets of Bank of Asia (BVI) Limited to SWB LLC, satisfying a condition of the Asset Sale Agreement for their proposed business combination. The court approval was issued on July 23, 2026, and disclosed via press release on July 30, 2026. Other conditions remain outstanding, including shareholder approval and obtaining a banking license from the British Virgin Islands Financial Services Commission. Soulpower Acquisition Corp. is a special purpose acquisition company operating in the financial services sector.