Soulpower Extends Business Combination Deadline to April 2027, Restructures Uruguay Contribution
SOUL is trading near its 52-week low of $10.01 (4.5% above the low) on elevated volume (2.8× avg).
Summary
Soulpower amended its business combination agreement with SWB LLC, extending the deadline to April 2027 and restructuring the Uruguay contribution to include $5M cash plus up to 116.5M earnout shares.
Key Events · M&A and Partnerships · SOUL
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Outside Date Extended to April 2027
The business combination deadline was extended from the nine-month anniversary of the November 24, 2025 signing date to April 2, 2027, giving the parties additional time to complete the transaction.
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Uruguay Contribution Restructured
The Uruguay assets will now be contributed after closing in exchange for $5,000,000 in cash plus up to 5,000,000 Pubco Class A shares (milestone) and up to 111,500,000 Pubco Class A shares (earnout).
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Merger Consideration Formula Revised
The formula now includes 20% of the Uruguay Contribution Amount and a $60,000,000 Put Option Amount allocated solely to Carident AG, with shares valued at $10.00 each.
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Closing Condition Set at $250M Net Assets
The closing condition now requires a Company Net Asset Amount of at least $250 million, with the definition revised to clarify treatment of assumed debt and exclude the Uruguay Contribution Agreement.
Analysis · SOUL · Real Estate & Construction
Soulpower Acquisition Corp. amended its pending business combination agreement with SWB LLC, extending the outside date to April 2, 2027 and restructuring the Uruguay contribution. The Uruguay assets will now be contributed after closing in exchange for $5 million cash plus up to 116.5 million Pubco shares tied to milestones and earnouts. The merger consideration formula was also revised to include 20% of the Uruguay contribution amount and a $60 million put option amount allocated solely to Carident AG. This amendment provides additional time to complete the deal and clarifies the treatment of assumed debt, but the extended timeline and complex earnout structure add uncertainty for investors already concerned about the company's going concern status.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SOUL was trading at $10.46 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $272.2M. The 52-week trading range was $10.01 to $11.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.