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

NEW YORK, NY, July 30, 2026 (GLOBE NEWSWIRE) -- Soulpower Acquisition Corporation (NYSE: SOUL) (“Soulpower”) and SWB Holdings (“Pubco”) today announced that the Commercial Division of the High Court of Justice of the Virgin Islands has granted the application filed by the joint liquidators of Bank of Asia (BVI) Limited (in liquidation) in connection with the proposed transaction with SWB LLC.

On July 23, 2026, the High Court granted permission to the joint liquidators of Bank of Asia (BVI) Limited (in liquidation) to sell certain of the Bank’s property, rights and assets to SWB LLC (or its affiliate, successor or designee) in accordance with and in satisfaction of one of the conditions of the Asset Sale Agreement entered into on November 6, 2025 between the joint liquidators and SWB LLC.