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, 2026 ☐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) Securities registered pursuant to Section 12(b) of the Act: 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 Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject 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 Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit 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 reportingcompany, 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 filerNon-accelerated filer ☐Accelerated filer☒Smaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith 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 13, 2026, there were 25,620,000Class A ordinary shares, $0.0001 par value and 8,333,333 Class B ordinary shares, $0.0001 parvalue, issued and outstanding. SOULPOWER ACQUISITION CORPORATIONFORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026 TABLE OF CONTENTS PagePart I. Financial Information1Item 1. Interim Financial Statements1Condensed Balance Sheets as of March 31, 2026 (unaudited) and December 31, 20251Condensed Statements of Operations for the three months ended March 31, 2026 and 2025 (unaudited)2Condensed Statements of Changes in Shareholders’ Deficit for the three months ended March 31, 2026 and 2025 (unaudited)3Condensed Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (unaudited)4Notes to the Condensed Financial Statements (unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 3. Quantitative and Qualitative Disclosures About Market Risk25Item 4. Controls and Procedures25Part II. Other Information26Item 1. Legal Proceedings26Item 1A. Risk Factors26Item 2. Unregistered Sales of Equity Securities and Use of Proceeds26Item 3. Defaults Upon Senior Securities26Item 4. Mine Safety Disclosures26Item 5. Other Information26Item 6. Exhibits27Part III. Signatures28i SOULPOWER ACQUISITION CORPORATIONCONDENSED BALANCE SHEETSAS OF MARCH 31, 2026 (UNAUDITED) AND DECEMBER 31, 2025 SOULPOWER ACQUISITION CORPORATIONCONDENSED STATEMENTS OF OPERATIONSFOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED) SOULPOWER ACQUISITION CORPORATIONCONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICITFOR THREE MONTHS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED) SOULPOWER ACQUISITION CORPORATIONCONDENSED STATEMENTS OF CASH FLOWSFOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED) SOULPOWER ACQUISITION CORPORATIONNOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTSFOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025 NOTE 1 - DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Soulpower Acquisition Corporation (the “Company”), is a blank check company incorporated as a Cayman Islands exemptedcompany on May 14, 2024. The Company was formed for the purpose of entering into a merger, share exchange, asset acquisition,share purchase, recapitalization, reorganization or other similar business transaction with one or more businesses or entities (a“Business Combination”). The Company is not limited to a particular industry or geographic region in selecting a target. As of March31, 2026, the Company had not commenced any operations. All activity for the period from May 14, 2024 (inception) through March31, 2026 relates to the Company’s formation, the initial public offering (the “Initial Public Offering”), and the search for, evaluationof, and negotiation with potential Business Combination candidates. The Company will not generate any operating revenues until afterthe completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form ofinterest inc