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Soulpower Acquisition Corp.

For the period ended Mar 31, 2025. Filed May 15, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 15, 2025

SOUL$10.530.0%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(MARK ONE)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter ended March 31,2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number:001-42582

Soulpower Acquisition Corporation

(Exact Name of Registrant as Specified in Its Charter)

Cayman Islands98-1801568
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
250 West 55th Street, 17th Floor, New York, New York10019
(Address of principal executive offices)(Zip Code)

**201-282-6717 **

(Issuer’s telephone number)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Units, each consisting of one Class A ordinary share and one rightSOULUNYSE
Class A ordinary shares, par value $0.0001 per shareSOULNYSE
Rights, each right entitling the holder to receive one-tenth (1/10) of one Class A ordinary share upon the consummation of the initial business combinationSOULRNYSE

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒ No ☐

As of May 15, 2025, there were 25,000,000 Class A ordinary shares, $0.0001 par value and 8,333,333 Class B ordinary shares, $0.0001 par value, issued and outstanding.

LAUNCH TWO ACQUISITION CORP.

FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2024

TABLE OF CONTENTS

Page
Part I. Financial Information1
Item 1. Interim Financial Statements1
Condensed Balance Sheet as of March 31, 20251
Condensed Statements of Operations for the Three Months Ended March 31, 2025 and for the Period from December 31, 2024 Through March 31, 2025 (Unaudited)2
Condensed Statements of Changes in Shareholder’s Deficit for the Three Months Ended March 31, 2025 and for the Period from December 31, 2024 Through March 31, 2025 (Unaudited)3
Condensed Statement of Cash Flows for the Period from December 31, 2024 Through March 31, 2025 (Unaudited)4
Notes to Condensed Financial Statements (Unaudited)5
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations19
Item 3. Quantitative and Qualitative Disclosures About Market Risk21
Item 4. Controls and Procedures21
Part II. Other Information22
Item 1. Legal Proceedings22
Item 1A. Risk Factors22
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds22
Item 3. Defaults Upon Senior Securities22
Item 4. Mine Safety Disclosures22
Item 5. Other Information22
Item 6. Exhibits23
Part III. Signatures24

i

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.