- CEO
- Justin Lafazan
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 250 West 55th Street, 17th Floor New York City NY United States of America 10019
- IPO Date
- Apr 23, 2025
- Business
- Soulpower Acquisition Corp. (NYSE: SOUL) is a blank check company, or special purpose acquisition company (SPAC), incorporated in the Cayman Islands in 2024 and headquartered in New York, New York. The company concentrates on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination, primarily targeting opportunities in insurance services, retirement savings, and related financial services sectors; it currently generates no operating revenues and holds proceeds from its initial public offering, which raised $250 million in an upsized offering, in a trust account. Soulpower's sponsor, Soulpower Acquisition Sponsor LLC, holds Class B ordinary shares that convert to Class A ordinary shares upon a business combination, while private placement warrants were issued to the sponsor and underwriter Cantor Fitzgerald & Co.
In its most significant recent development, on November 24, 2025, Soulpower entered into a definitive business combination agreement valued at approximately $8.1 billion with SWB LLC, a Cayman Islands-based fintech venture developing SOUL WORLD BANK, a new economy financial services conglomerate, stablecoin issuer, and international bank; the transaction involves mergers with Pubco subsidiaries, where Soulpower and SWB become fully owned subsidiaries of the new publicly traded Pubco. SWB shareholders contribute assets valued at about $6.75 billion (net of debt and cash payments) in exchange for non-voting membership interests convertible to Pubco Class A ordinary shares, including real world assets (RWAs), alongside strategic arrangements such as pursuing a banking license in the British Virgin Islands and a collaboration with Animoca Brands for cross-border stablecoin development. The deal, unanimously approved by Soulpower's board including its independent special committee, anticipates closing in the first quarter of 2026 subject to shareholder approval, regulatory clearances, and customary conditions, with Soulpower CEO Justin Lafazan, also SWB's founder, to lead Pubco as Chairman and CEO.