07:04 AM EST, 11/24/2025 (MT Newswires) -- Soulpower Acquisition Corporation ( SOUL ) said Monday it agreed to merge with SWB to form Soul World Bank, valuing the new group at about $8.1 billion.

After the deal, a new parent called SWB Holdings will list class A shares under the SOUL ticker, with Soulpower Chief Executive Justin Lafazan becoming chairman and CEO and controlling the voting stock through Lafazan Brothers, the company said.

SWB has lined up about $6.75 billion of asset contributions before closing, including a British Virgin Islands banking license via Bank of Asia, land, mining, and energy assets in the US, Germany, Mexico, and South Africa, and a collaboration with Animoca Brands, NewCampus, and Chainstarters, Soulpower said.

The new group has also arranged a $5 billion committed equity line to fund future operations after the merger, it said.

The transaction has board approval and is expected to close in Q1, subject to Soulpower shareholder approval and other closing conditions, the company added.