Soulpower Acquisition Corporation (NYSE:SOUL) and SWB Holdings Announce BVI Court Approval in Connection with Bank of Asia (BVI) Transaction

Soulpower Acquisition Corp and SWB Holdings announced the BVI High Court granted permission for the joint liquidators of Bank of Asia (BVI) to sell assets to SWB LLC, satisfying a condition of the Asset Sale Agreement. Despite this legal clearance, the proposed business combination remains subject to other outstanding conditions, specifically SWB obtaining a banking license from the BVI Financial Services Commission and approval by Soulpower's shareholders.

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