SWB Merges with Soulpower Acquisition Corp in $8.1 Billion SPAC Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
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Should l Buy SOUL?
Source: Newsfilter
- Merger Deal Size: Financial services firm SWB is set to go public through a merger with Soulpower Acquisition Corp in a deal valued at $8.1 billion. This transaction signifies a strong resurgence of SPACs on Wall Street after years of decline, highlighting the market's appetite for alternatives to traditional IPOs.
- Business Expansion Plans: SWB aims to launch Soul World Bank, offering a suite of financial services including stablecoins and banking services. This initiative will diversify its product offerings and cater to the growing demand for digital financial solutions.
- Banking License Application: SWB plans to apply for a banking license from the Bank of Asia, which is currently in liquidation in the British Virgin Islands. This move will provide a legal foundation for its financial services, enhancing its competitive edge in the market.
- Strategic Partnership: SWB will also partner with blockchain developer Animoca Brands to develop and issue a cross-border stablecoin. This collaboration is expected to drive innovation in the digital currency space and expand its market influence.
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About SOUL
Soulpower Acquisition Corporation is a blank check company. The Company is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination in any business or industry but expect to focus on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies. It has conducted no operations and has generated no revenues.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Merger Progress: Soulpower Acquisition Corporation has confidentially submitted an S-4 registration statement to the SEC for its merger with SWB Holdings, marking a significant step forward in the transaction announced on November 24, 2025.
- Listing Plans: Pubco intends to list its non-voting Class A ordinary shares on the New York Stock Exchange under the ticker symbol “SOUL” upon completion of the merger, which will enhance its access to capital markets and competitive positioning.
- Funding Background: Soulpower raised $250 million in its April 2025 IPO, providing essential funding for the merger and subsequent business expansion, reflecting its ambitions in the financial sector.
- Strategic Vision: CEO Justin Lafazan emphasized that SOUL WORLD BANK™ aims to unite traditional markets with emerging technologies like AI and stablecoins, showcasing its innovative potential in the financial services landscape.
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- Merger Progress: Soulpower Acquisition Corporation and SWB Holdings have confidentially submitted a draft S-4 registration statement to the SEC, marking a significant step forward in the merger process with SWB LLC, which is expected to pave the way for the establishment of SOUL WORLD BANK™.
- Listing Plans: Pubco intends to list its non-voting Class A ordinary shares under the ticker symbol 'SOUL' on the New York Stock Exchange upon completion of the merger, which will enhance its market visibility and fundraising capabilities.
- Funding Background: Soulpower raised $250 million in its IPO in April 2025, demonstrating strong financing capabilities in the financial sector and providing necessary capital for future business expansion.
- Shareholder Approval: The completion of the transaction is subject to approval by Soulpower shareholders and the effectiveness of the registration statement, reflecting the compliance and transparency requirements inherent in the merger process.
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- Transaction Investigation: Monteverde & Associates is investigating the sale of The Brand House Collective to Bed Bath & Beyond, with shareholders expected to receive 0.1993 shares of Bed Bath & Beyond common stock for each share held, which could significantly impact shareholder returns.
- Shareholder Rights Protection: The firm is recognized for recovering millions for shareholders and was ranked as a Top 50 firm in the 2024 ISS Securities Class Action Services Report, showcasing its strength in protecting shareholder interests.
- Additional Transaction Investigations: In addition to The Brand House, investigations are also underway for Blue Foundry Bancorp and Soulpower Acquisition Corporation, with Blue Foundry shareholders expected to receive 0.65 shares of Fulton Financial and Soulpower shareholders to receive 1 share in the combined entity, indicating the firm's broad focus on multiple transactions.
- Transparency in Legal Services: Monteverde & Associates offers free consultations and emphasizes that shareholders should inquire about a law firm's success record and ability to handle class actions when selecting legal representation to ensure their rights are effectively protected.
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- Shareholder Rights Protection: Monteverde & Associates is investigating the merger deal between Soulpower Acquisition Corporation and SWB LLC, where Soulpower shareholders are expected to receive one share in the newly combined company for each share of Soulpower, ensuring shareholder rights in the transaction.
- Legal Firm Recognition: The firm is recognized as a Top 50 firm in the 2024 ISS Securities Class Action Services Report, highlighting its successful track record in recovering millions for shareholders, which enhances its reputation in the legal field.
- Headquarters Advantage: Based in the Empire State Building in New York City, Monteverde & Associates operates as a national class action securities firm, providing it with excellent market access and client service capabilities.
- No-Risk Consultation: The firm offers free legal consultations, encouraging Soulpower shareholders to obtain more information about the merger deal without any cost or obligation, reflecting its commitment to client responsibility and transparency.
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- Merger Deal Size: Financial services firm SWB is set to go public through a merger with Soulpower Acquisition Corp in a deal valued at $8.1 billion. This transaction signifies a strong resurgence of SPACs on Wall Street after years of decline, highlighting the market's appetite for alternatives to traditional IPOs.
- Business Expansion Plans: SWB aims to launch Soul World Bank, offering a suite of financial services including stablecoins and banking services. This initiative will diversify its product offerings and cater to the growing demand for digital financial solutions.
- Banking License Application: SWB plans to apply for a banking license from the Bank of Asia, which is currently in liquidation in the British Virgin Islands. This move will provide a legal foundation for its financial services, enhancing its competitive edge in the market.
- Strategic Partnership: SWB will also partner with blockchain developer Animoca Brands to develop and issue a cross-border stablecoin. This collaboration is expected to drive innovation in the digital currency space and expand its market influence.
See More

- Merger Agreement: Soulpower Acquisition Corporation has signed a business combination agreement with newly formed SWB LLC, with a post-merger valuation expected at $8.1 billion.
- Asset Contribution Agreements: SWB has entered into binding agreements to contribute assets valued at approximately $6.75 billion, leading to a pre-merger valuation of $8.1 billion.
- Leadership Change: Following the merger, Soulpower CEO Justin Lafazan will become the Chairman and CEO of the new company, controlling the voting shares.
- Financing Commitment: The new company will secure a $5 billion equity facility through an agreement with CREO Investments LLC to support its future operations and growth.
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