10-K - Soulpower Acquisition Corp. | StockGist

AI Analysis

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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.

Key Takeaways

1Net income of $6.0 million driven by $7.6 million interest income from trust account.

2IPO completed in April 2025 raised $250 million, with $257.6 million held in trust.

3General and administrative costs totaled $1.7 million for the fiscal year.

4Definitive agreement signed with SWB LLC valued at approximately $6.75 billion in net assets.

5Cash outside trust totaled $207K; working capital supported by sponsor loans.

Key Financial Metrics

Net Income

$6.0M

Net loss of $91K prior period

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