/PRNewswire/ — Vernal Capital Acquisition Corp. (NYSE: VECA) (“Vernal”) announced the pricing of its initial public offering (“IPO”) of 10,000,000 shares at a price of $10.00 per share. The units are expected to trade on the New York Stock Exchange (“NYSE”) under the symbol “VECAU” beginning May 6, 2026. Each unit consists of one share of common stock and a right to receive one-quarter share of common stock upon the completion of an initial business combination. Once separate trading begins, the common shares and rights are expected to be listed on the New York Stock Exchange (NYSE) under the ticker codes “VECA” and “VECAR,” respectively.
D. Boral Capital LLC is acting as sole book-running manager of the offering. Underwriters have a 45-day option to purchase up to 1,500,000 additional shares to cover any over-allotments. The offering is expected to close on May 7, 2026, subject to customary closing conditions.
On May 5, 2026, the SEC declared the registration statement relating to these securities effective. The offering is being made exclusively by means of a prospectus. Copies of the prospectus may be obtained from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at [emailprotected].
This press release does not constitute an offer to sell or buy, nor will any sale take place if such offer, solicitation or sale would be unlawful prior to registration or authorization under applicable securities laws.
About Vernal
Vernal is a special purpose vehicle established for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination transaction with one or more businesses. Vernal’s search for a target company will not be limited to a specific industry or geographic area.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including statements regarding the Vernal IPO. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. It is not possible to guarantee that the offer will be completed according to the terms described, nor that it will actually be carried out. Forward-looking statements are subject to numerous conditions, many of which are beyond Vernal’s control, including those set forth in the “Risk Factors” section of the registration statement filed with the SEC. Copies are available on the SEC’s website at www.sec.gov. Vernal disclaims any obligation to publish updates or revisions to any forward-looking statements to reflect any changes in its expectations, except as required by law.
Contact
Binghan Yi, CFO
[emailprotected]
www.vernalspac.com
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