Soulpower Acquisition Corp. (SOUL) Form 8-K — Jun 1, 2026
Soulpower Acquisition Corp. (SOUL) issued an unsecured promissory note for up to $2.5 million to its sponsor affiliate, Soulpower Management LLC, on May 29, 2026. The note bears no interest and is intended to provide working capital as the company approaches its deadline to complete an initial business combination. The principal balance of the note will be automatically and irrevocably forgiven in full upon the consummation of a business combination.
Key figures
- Debt Amount
- 2500000
- Note type
- Unsecured Promissory Note (B Note)
- Interest rate
- 0%
- Forgiveness condition
- Upon consummation of initial business combination
Price after filing
1 day: +0.0%7 days: +0.0%30 days: +0.0%
Close on the filing date to close N calendar days later (from $10.35). Historical, not a forecast.
AI analysis
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