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Soulpower Acquisition Corp. (SOUL) is a blank check company that reported its financial results for the fiscal year ended December 31, 2025. The company generated a net income of $6.0 million, a significant improvement from a net loss of approximately $91,000 in the prior period (May 14, 2024 inception to December 31, 2024). This profitability was driven entirely by non-operating income, specifically $7.6 million in interest earned on cash held in the Trust Account and $16,000 in dividend income, which offset $1.7 million in general and administrative costs. The company completed its Initial Public Offering (IPO) in April 2025, raising $250 million in gross proceeds. As of December 31, 2025, the company held $257.6 million in the Trust Account and $207,000 in cash outside the trust for working capital. The company has entered into a definitive business combination agreement with SWB LLC, targeting an enterprise with an estimated net asset value of $6.75 billion.
Net Income
$6.0M
total assets
$259.1M
free cash flow
-$2.3M
dividend income
$16K
interest income
$7.6M
total liabilities
$12.3M
cash outside trust
$207K
cash trust account
$257.6M
operating expenses
$1.7M