Mergers & Acquisitions ·
Soulpower Acquisition Corp., SWB Holdings, and SWB LLC entered into a Second Amendment to their Business Combination…
SOULSoulpower Acquisition Corp.
Soulpower Acquisition Corp., SWB Holdings, and SWB LLC entered into a Second Amendment to their Business Combination Agreement on August 28, 2026. The amendment revises the structuring of contribution agreements, specifically acknowledging the Uruguay Contribution after closing in exchange for $5,000,000 in cash and potential earnout shares. It adjusts the Merger Consideration formula to account for post-closing contributions and allocates put-option subject shares solely to contributor Carident AG. The definition of Company Net Asset Amount was clarified regarding assumed debt, and interim covenants were removed as all contribution agreements are signed. Additionally, the Outside Date is extended from the nine-month anniversary of signing to April 2, 2027. This company operates in the special purpose acquisition company (SPAC) industry, seeking to merge with a private operating company.