Soulpower and SWB Reach Agreement for Business Merger

Business Combination Agreement: Soulpower Acquisition Corporation has entered into a definitive agreement to merge with SWB LLC, which aims to establish SOUL WORLD BANK, a financial services conglomerate and stablecoin issuer, following a successful $250 million IPO.

Post-Combination Structure: After the merger, the new entity will be known as SWB Holdings, with plans to list on the NYSE under the ticker "SOUL," and Justin Lafazan will serve as Chairman and CEO.

Asset Contributions and Valuation: SWB has secured binding agreements for asset contributions valued at approximately $6.75 billion, leading to a pre-money valuation of around $8.1 billion for the company, with potential increases based on additional asset commitments.

Long-term Vision and Lock-up Period: SOUL WORLD BANK plans to offer a range of financial services, including a licensed AI bank, and all equityholders have agreed to a minimum one-year lock-up period on their shares, with most extending to three years or more.