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.

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.