Soulpower Acquisition Corporation

Soulpower Acquisition Corporation and SWB Holdings announced that the Commercial Division of the High Court of Justice of the Virgin Islands has approved the sale of certain assets of Bank of Asia (BVI) Limited to SWB LLC. The court granted permission to the bank's joint liquidators on July 23, 2026, satisfying one condition of the Asset Sale Agreement signed on November 6, 2025. Other conditions remain outstanding, including SWB obtaining a banking license from the British Virgin Islands Financial Services Commission and deposit protection membership approval from the Virgin Islands Deposit Insurance Corporation. The proposed business combination among Soulpower, Pubco, and SWB LLC still requires shareholder approval and other closing conditions.