Soulpower Acquisition Corp. — Form 8-K
Filed September 3, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 72/100
What the filing says
Soulpower Acquisition Corp. (SPAC) amended its business combination agreement with SWB LLC effective August 28, 2026. Key changes: (1) eliminated future "additional contribution agreements" framework; (2) restructured Uruguay asset contribution to occur post-closing with $5M cash payment plus up to 116.5M earnout/milestone shares; (3) added Carident AG contribution with $60M Put Option consideration (6M shares at $10/share); (4) redefined Company Net Asset Amount to exclude Uruguay contribution; (5) extended outside closing date from 9 months post-signing (November 2025) to April 2, 2027—a 17-month extension from original November 2025 signing. Merger consideration remains 120% of Net Asset Amount plus 20% of Uruguay contribution amount plus $60M Put Option, payable in Pubco shares at $10/share.
Why this rating
Significant but mixed: 17-month extension signals execution delays; restructuring adds complexity; earnout/milestone mechanics increase dilution risk (116.5M+ potential shares). Relative to $247M market cap, Uruguay/Carident consideration (116.5M+ shares at $10 = >$1.16B notional) vastly exceeds current market value, indicating extreme post-deal dilution. Delays reduce near-term catalysts but give time to resolve.
Tradability signal
SHORT
conviction 32/100 · expected -0.84% over 4 hrs
SHORT (drift): bad news keeps sliding after dissemination — our one persistent measured edge. Similar past filings (6 in this cell) moved +4.32% in the called direction over 4 hrs; shrunk for sample size that's a +0.84% edge. Exit plan: HARD stop 5% against entry — default width (volatility unmeasured), fixed, not trailing (trails test terribly on these names) — time exit 4 hrs.
Derived from this site's own measured outcomes + live price/liquidity at analysis time. An experiment, not investment advice.
Price action (we called it negative)
at our read · unknown $10.58 | +10 min · unknown $10.58 ▲ 0.00% | +30 min · unknown $10.58 ▼ 0.00% | +1 hr · unknown $10.58 ▲ 0.00% | +4 hrs pending |
Quotes via Yahoo Finance at capture time; sessions other than regular hours are labeled. Not investment advice. How accurate are our calls? →
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