Financial stability is severely compromised as debt levels surged to $2.3 million in 2026Q1 while retained earnings deteriorated to a deficit of $11.5 million.
| Total Current Assets | 2.53M | 1.51M | 43.55K |
| Cash & Short-Term Investments | - | - | - |
| Cash Only | - | - | - |
| Short-Term Investments | - | - | - |
| Accounts Receivable | - | - | - |
| Days Sales Outstanding | - | - | - |
| Inventory | - | - | - |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 0 | 0 | 0 |
| Total Non-Current Assets | 259.89M | 257.62M | 56.99K |
| Property, Plant & Equipment | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Long-Term Investments | 1.03B | 257.62M | 0 |
| Other Non-Current Assets | - | - | - |
| Total Assets | 262.41M | 259.13M | 100.55K |
| Asset Turnover | 0.00x | - | - |
| Asset Growth % | 423502.16% | 257613.24% | - |
| Total Current Liabilities | 3.39M | 1.68M | 43.08K |
| Accounts Payable | 1.13M | 695.95K | 0 |
| Days Payables Outstanding | - | - | - |
| Short-Term Debt | 2.26M | 988.48K | 123.3K |
| Deferred Revenue (Current) | 0 | - | - |
| Other Current Liabilities | 0 | 0 | -123.3K |
| Current Ratio | 0.75x | 0.89x | 1.01x |
| Quick Ratio | 0.75x | 0.89x | 1.01x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 10.6M | 10.6M | 123.3K |
| Long-Term Debt | 0 | 0 | 123.3K |
| Capital Lease Obligations | 0 | - | - |
| Deferred Tax Liabilities | 0 | - | - |
| Other Non-Current Liabilities | - | - | - |
| Total Liabilities | 13.99M | 12.28M | 166.38K |
| Total Debt | 2.26M | 988.48K | 123.3K |
| Net Debt | 2.2M | 781.37K | 97.91K |
| Debt / Equity | 0.01x | 0.00x | - |
| Debt / EBITDA | -1.04x | - | - |
| Net Debt / EBITDA | -1.01x | - | - |
| Interest Coverage | - | - | - |
| Total Equity | 248.42M | 246.84M | -65.83K |
| Equity Growth % | 101271.44% | 375084.55% | - |
| Book Value per Share | 9.70 | 12.93 | -0.00 |
| Total Shareholders' Equity | 248.42M | 246.84M | -65.83K |
| Common Stock | 259.89M | 257.62M | 767 |
| Retained Earnings | -11.46M | -10.78M | -90.83K |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
Imminent liquidation and delisting
As reported in recent financial statements, SOUL's cash reserves have plummeted to $56,400 as of 2026Q1, a sharp decline from the $207,108 held in 2025Q4, signaling that the entity is rapidly exhausting its remaining capital buffer required to sustain its public listing and administrative obligations.
The current ratio of 0.75 indicates that current liabilities now exceed available liquid assets, leaving the entity with virtually no margin for error. This liquidity crunch suggests that management may soon face an inability to cover mandatory regulatory and legal expenses without immediate external capital injections.
Based on the latest quarterly filings, SOUL's debt levels have increased to $2.3 million in 2026Q1, a notable shift from the $988,500 reported in 2025Q4, which suggests the entity is increasingly relying on debt financing to fund its ongoing administrative burn in the absence of operational revenue.
The transition from a debt-free status in 2025Q3 to a leveraged position indicates a shift toward survival-driven financing. Investors should monitor whether these debt obligations are sponsor-backed loans, as their repayment terms could further complicate any potential business combination or liquidation process.
According to the balance sheet data, SOUL's retained earnings have deteriorated to a deficit of $11.5 million as of 2026Q1, reflecting the cumulative impact of sustained operating losses that have significantly eroded the entity's equity base since its inception as a public shell vehicle.
The consistent expansion of the deficit in retained earnings highlights the lack of value creation inherent in the current shell structure. This trend suggests that the entity's equity value is increasingly disconnected from any tangible assets, relying entirely on the speculative potential of a future merger.
Financial statements indicate that SOUL carries $262.4 million in total assets as of 2026Q1, yet this figure is largely decoupled from the entity's actual cash position of $56,400, suggesting that headline asset values may be heavily influenced by accounting treatments rather than usable economic resources.
The discrepancy between total assets and actual liquidity warrants further investigation, as it may imply that a significant portion of the asset base is restricted or tied to non-liquid instruments. This distortion makes the balance sheet appear more robust than the underlying cash reality, potentially misleading investors regarding the entity's true financial health.
Quick answers to the most common questions about buying SOUL stock.
As of 2025, Soulpower Acquisition Corp. (SOUL) had total assets of $259.1M including $1.5M in current assets.
Soulpower Acquisition Corp. (SOUL) carries total debt of $1.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Soulpower Acquisition Corp. (SOUL) has total shareholders' equity (book value) of $246.8M ($12.93 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Soulpower Acquisition Corp. (SOUL) reported a current ratio of 0.89x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.