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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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.
Analyst Views on SOUL
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.
