Soulpower Acquisition Corporation and SWB Holdings Amend Business Combination Agreement, Announce Adjustment to Asset Contributions

Soulpower Acquisition Corporation and SWB Holdings have amended their business combination agreement, adjusting asset contributions and adding an extra asset. The new asset includes Uruguay Iron Mine, with estimated resources of 1,170 million tons of run-of-mine material. Following the deal, Pubco's pro-forma valuation is expected to be around $8.5 billion. The BCA Amendment has been approved by Soulpower's board of directors and special committee.