Soulpower Acquisition swings to Q1 FY26 profit of $1.58 million from net loss of $179,718
Soulpower Acquisition Corp. Class A SOUL | 0.00 |
- Soulpower Acquisition posted net income of USD 1.58 million for three months ended March 31, 2026, swinging from a net loss of USD 179,718 a year earlier.
- Interest earned on cash held in Trust Account totaled USD 2.27 million, offset by operational costs of USD 685,558.
- Net cash used in operating activities widened to USD 1.42 million from USD 124,218 a year earlier.
- Cash held in Trust Account rose to USD 259.89 million, while cash held outside Trust Account was USD 56,403.
- Company highlighted proposed business combination with Soul World Bank under a November 24, 2025 agreement, while flagging substantial doubt about its ability to continue as a going concern if a deal is not completed by April 3, 2027.
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