{"url_path":"/sec/soul-un/8-k/2026-06-01/item-2-03","section_key":"item-2-03","section_title":"Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/2025608/0001493152-26-026654-index.html","accession_number":"0001493152-26-026654","cik":"0002025608","ticker":"SOUL","issuer_name":"Soulpower Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2025608/0001493152-26-026654-index.html","primary_entity_key":"0002025608","primary_entity_name":"Soulpower Acquisition Corp."},"word_count":327,"has_tables":true,"body_markdown":"**Item\n2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**\n\n** **\n\nOn\nMay 29, 2026, Soulpower Acquisition Corporation (the “Company”) issued an unsecured promissory note in the principal amount\nof up to $2,500,000 (the “B Note”) to Soulpower Management LLC (the “Lender”). Under the terms of the B Note,\nthe outstanding principal balance of the B Note shall be automatically and irrevocably forgiven in full upon consummation of the Company’s\ninitial business combination and all obligations of the Company thereunder shall be deemed satisfied and discharged without further action\nby any party to the B Note. If the Company does not consummate a business combination, the B Note will be due on the earlier of (i) the\noccurrence of an event of default or (ii) the liquidation of the Company. The B Note bears no interest, is not convertible into securities\nof the Company and is subject to customary events of default, the occurrence of certain of which automatically trigger the unpaid principal\nbalance of the B Note and all other sums payable with regard to the B Note becoming immediately due and payable. The Company will use\nthe proceeds from the B Note for general working capital purposes.\n\n \n\nThe\nLender is the sole managing member of the Company’s sponsor, Soulpower Acquisition Sponsor LLC, and holds voting and investment\ndiscretion with respect to the ordinary shares of the Company held of record by the sponsor. The sole managing member of the Lender is\nSoulpower International Corporation which is controlled by Justin Lafazan, the Chief Executive Officer and Chairman of the Board of Directors\nof the Company. Certain other directors of the Company are also members of the Lender.\n\n \n\nThe\nforegoing description of the Note is qualified in its entirety by reference to the full text of the Note, a copy of which is\nfiled as an exhibit to this Current Report on Form 8-K and incorporated herein by reference."}