Soulpower Acquisition Corporation

What Soulpower Acquisition Corporation does

Soulpower Acquisition Corporation is a Cayman Islands-incorporated special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the tickers SOUL (Class A ordinary shares), SOULU (units), and SOULR (Share Rights). Headquartered at 250 W 55th St, 17th Floor, New York, the company was formed as a blank-check vehicle to identify and combine with a high-growth target. Its stated sector focus is insurance services, retirement savings, and related financial services, with broader language encompassing the financial and digital-asset sectors. Each IPO unit was priced at $10.00 and comprises one Class A ordinary share and one Share Right that automatically converts into 0.10 of a Class A share upon consummation of an initial business combination; rights have no cash value if no combination occurs.

The company completed its IPO on April 3, 2025, raising $250 million in gross proceeds from 25 million units (including a partial over-allotment), with Cantor Fitzgerald & Co. serving as sole book-running manager. All IPO proceeds are held in a U.S. trust account administered by Continental Stock Transfer & Trust Company, with WithumSmith+Brown, P.C. as independent auditor and Sichenzia Ross Ference Carmel LLP as issuer's counsel. Public shareholders retain redemption rights tied to their pro-rata share of the trust (plus accrued interest, net of taxes), and Soulpower has a 24-month window from IPO closing to consummate its business combination, subject to shareholder-approved extensions.

On November 24, 2025, Soulpower announced the signing of a Business Combination Agreement with SWB LLC, a Cayman-based fintech venture developing SOUL WORLD BANK, at an enterprise value of approximately $8.1 billion. This transaction — still pending closing as of the source date — represents the company's primary strategic objective and would pivot the combined entity toward digital-asset banking. Until the combination closes, Soulpower has no operating revenue, no proprietary technology platform, and no disclosed headcount; its economic exposure is limited to interest income on the trust account and the equity sponsor position in the post-combination entity.

Name

Soulpower Acquisition Corporation

Legal name

Soulpower Acquisition Corporation

Website

https://soulpowerhq.com

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Soulpower Acquisition Corporation is a Cayman Islands-incorporated blank-check SPAC listed on the NYSE (SOUL/SOULU/SOULR) that raised $250 million in its April 2025 IPO and has announced an $8.1 billion business combination with SWB LLC to build SOUL WORLD BANK.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. SPAC Sponsorship Economics: As a SPAC sponsor, Soulpower generates economics through equity participation in the combined entity. Each unit at $10.00 includes one Class A ordinary share and one Share Right (entitling holder to 0.10 Class A share upon business combination). Sponsor economics typically include founder shares and potential warrants.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Soulpower Acquisition Corporation is a publicly listed SPAC on NYSE that raises capital through an IPO and seeks to complete a business combination with a high-growth target company. Its sole product is the blank-check vehicle itself, offering investors exposure through Units (SOULU), Class A Ordinary Shares (SOUL), and Share Rights (SOULR), with proceeds held in a U.S. trust account pending a qualifying business combination within 24 months.

Product overview

Soulpower Acquisition Corporation is a single-entity SPAC (Special Purpose Acquisition Company) structured as a blank-check company incorporated in the Cayman Islands. The company offers investors exposure through three related securities: NYSE:SOULU units (the primary IPO product), NYSE:SOUL Class A ordinary shares, and NYSE:SOULR Share Rights. The company is seeking a business combination with innovative, high-growth companies in the financial and digital-asset sectors, with a stated focus on insurance services, retirement savings, and related financial services.

Differentiator

Problem solved

Functional benefit

Products and services

• NYSE:SOULU Units IPO units of Soulpower Acquisition Corporation trading on the New York Stock Exchange under SOULU. Each $10.00 unit consists of one Class A ordinary share and one Share Right, entitling the holder to one-tenth (1/10) of a Class A ordinary share upon consummation of the initial business combination. For public investors seeking exposure to the SPAC's planned business combination.
• NYSE:SOUL Class A Ordinary Shares Class A ordinary shares of Soulpower Acquisition Corporation trading on the New York Stock Exchange under ticker SOUL. For public investors holding units who wish to trade the share component separately.
• NYSE:SOULR Share Rights Share Rights of Soulpower Acquisition Corporation trading on the New York Stock Exchange under SOULR. Each Share Right automatically converts into 0.10 Class A share upon completion of the business combination. Rights have no cash value if a combination does not occur. For investors seeking leveraged exposure to the SPAC's business combination.

Quantifiable outcome

• 24-month window to complete business combination with shareholder redemption rights

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered flagship and core.

• SWB LLCflagshipStrategic or Co-development Partner · 24 November 2025Soulpower announced signing of Business Combination Agreement with SWB LLC, a Cayman-based fintech venture developing SOUL WORLD BANK. The business combination values SWB LLC at approximately $8.1 billion. This is Soulpower's primary target for its initial business combination.
• Continental Stock Transfer & Trust CompanycoreOthers · 3 April 2025Continental Stock Transfer & Trust Company serves as the transfer agent, trust agent, and rights agent for Soulpower. All IPO proceeds ($10.00 per unit) are deposited into a U.S. trust account with Continental as trustee.
• WithumSmith+Brown, P.C.coreOthers · 3 April 2025WithumSmith+Brown, P.C. serves as Soulpower's independent auditor. Located at 1411 Broadway, 9th Floor, New York, NY 10018.
• Sichenzia Ross Ference Carmel LLPcoreOthers · 3 April 2025Sichenzia Ross Ference Carmel LLP serves as Soulpower's legal counsel (Issuer's Counsel). Located at 1185 Avenue of the Americas, 31st Floor, New York, NY 10036.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Soaring Eagle Acquisition Corp. Sponsor-led SPAC that completed a major business combination (Grab Holdings). Useful precedent peer showing the full SPAC lifecycle from IPO through de-SPAC transaction.
• Gores Holdings VIII, Inc. Eighth SPAC from The Gores Group, a prolific SPAC sponsor. Same blank-check structure, NYSE listing, and target-acquisition model focused on identifying a private company for business combination.
• Thunder Bridge Capital Partners IV: Fourth SPAC from Thunder Bridge, a serial SPAC sponsor. Same blank-check structure, public listing, and single-target acquisition model as Soulpower.
• Dragoneer Growth Opportunities Corp. III: Dragoneer-sponsored SPAC pursuing a single business combination in technology/financial-services adjacencies. Same IPO economics ($10/unit), share rights structure, and 24-month timeline.
• CF Acquisition Corp. V: Fifth SPAC from CF Finance, historically focused on fintech and financial-services targets. Highly comparable mandate and structure to Soulpower, including the digital-asset / financial-services theme.
• Spartan Acquisition Corp. III: Blank-check company targeting high-growth sectors via NYSE/Nasdaq listing. Directly comparable as a sponsor-led SPAC using the standard unit/share/rights structure and seeking a single business combination within a defined timeline.
• Altimeter Growth Corp 3: Tech-focused SPAC from Altimeter Capital that pursued a public listing via the standard units/shares/rights structure on Nasdaq. Comparable in mandate breadth and sponsor-led origination model.
• KKR Acquisition Holdings I Corp. Sponsor-backed SPAC formed by KKR to pursue a business combination in financial services / fintech. Closely comparable blank-check structure, NYSE listing, and institutional underwriter backing make it a near-direct analog to Soulpower.

Emerging players

• Bullish: Digital-asset / crypto exchange that pursued a SPAC-style public listing. Relevant precedent given Soulpower's stated focus on the financial and digital-asset sectors and the SWB LLC fintech target.

Broad incumbents

• Pagaya Technologies Ltd. Fintech company that went public via a SPAC business combination (de-SPAC'd). Relevant as a fintech precedent accessed through the same vehicle type Soulpower is pursuing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/soulworldbank
• Facebookfacebook.com/soulworldbank
• LinkedInlinkedin.com/company/teamsoulpower
• Instagraminstagram.com/soulworldbank

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Soulpower Acquisition Corporation