/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 each. The shares are expected to begin trading on the New York Stock Exchange (“NYSE”) under “VECAU” beginning May 6, 2026. Each unit consists of one common share and a right to receive one-quarter of a common share upon completion of an initial business combination. The common shares and warrants are expected to be listed on the NYSE under “VECA” and “VECAR,” respectively, following separate trading.
D. Boral Capital LLC is acting as sole bookrunner for the offering. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments, if any. The offering is expected to close on May 7, 2026, subject to customary closing conditions.
A registration statement relating to the securities was declared effective by the SEC on May 5, 2026. The offer is made exclusively on the basis of a sales 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 purchase, nor shall there be any sale if such offer, solicitation or sale would be unlawful prior to registration or qualification under applicable securities laws.
Information about Vernal
Vernal is a special purpose entity formed to effect a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Vernal is not limited to a specific industry or geographic region when searching for target companies.
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. There can be no assurance 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 of the statement are available on the SEC’s website at www.sec.gov. Vernal undertakes no obligation to publicly update or revise any forward-looking statements to reflect changes in its expectations, except as required by law.
Contact
Binghan Yi, CFO
[emailprotected]
www.vernalspac.com
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