/PRNewswire/ — Vernal Capital Acquisition Corp. (NYSE: VECA) (“Vernal”) announced the pricing of its initial public offering (the “IPO”) of 10,000,000 units at $10.00 per unit. The units are expected to begin trading on the New York Stock Exchange (NYSE) under the name VECAU beginning May 6, 2026. Each unit consists of one common share and one right to receive one-quarter of a common share upon completion of an initial business combination. When traded separately, the common shares and rights are expected to be listed on the NYSE under “VECA” and “VECAR,” respectively.
D. Boral Capital LLC is acting as sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover any over-allotments. The transaction is expected to close on May 7, 2026, subject to customary closing conditions.
A registration statement for these securities was declared effective by the SEC on May 5, 2026. 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 shall not constitute an offer to sell or buy, nor shall there be any sale where such offer, solicitation or sale would be unlawful prior to registration or qualification under applicable securities laws.
Over Vernal
Vernal is a blank check company formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Vernal’s target research will not be limited to a particular industry or geographic region.
Forward-Looking Statements
This press release contains “forward-looking statements,” including statements regarding Vernal’s initial public offering. These statements are subject to risks and uncertainties that could cause actual results to differ materially. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions beyond Vernal’s control, including those set forth in the Risk Factors section of Vernal’s registration statement filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Vernal disclaims any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any changes in Vernal’s expectations, unless required by law.
Contact
Binghan Yi, CFO
[emailprotected]
www.vernalspac.com
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