Soulpower Acquisition Corporation (NYSE: SOUL) has announced an amendment to its Business Combination Agreement with SWB Holdings, a newly established Cayman Islands exempted company. This amendment, effective March 26, 2026, clarifies the allocation of transaction expenses and corrects certain representations regarding the number of outstanding Company Class V Units. The amendment also introduces an additional asset contribution, specifically the acquisition of two Uruguayan corporations holding exclusive mining rights over four strategic high-grade iron projects. The combined company is expected to have a pro forma valuation of approximately $8.5 billion upon closing, anticipated in late Q2 or Q3 2026. The amendment has been unanimously approved by the boards of both Soulpower and SWB Holdings, indicating strong governance and alignment between the parties involved. This development is expected to positively impact the stock price as it enhances the asset base and clarifies financial obligations, although the overall market reaction will depend on shareholder approval and market conditions leading up to the closing.

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