Vernal Capital Acquisition Corp. (VECA) has priced its initial public offering at $10.00 per unit, aiming to raise $100 million. The offering consists of 10,000,000 units, each comprising one ordinary share and one right to receive one-fourth of an ordinary share upon the completion of an initial business combination. Trading on the New York Stock Exchange under the symbol “VECAU” is expected to begin May 6, 2026.
After separate trading, the ordinary shares and rights will list as “VECA” and “VECAR,” respectively. Underwriters have a 45-day option to purchase up to 1,500,000 additional units for over-allotments. The offering is slated to close on May 7, 2026, subject to customary conditions, with D. Boral Capital LLC acting as sole book-running manager. The SEC declared the registration statement effective on May 5, 2026.
Vernal is a blank check company formed to pursue a merger, share exchange, asset acquisition, or similar business combination, without limiting its search to any specific industry or region. The prospectus is available from the underwriter, and the press release emphasizes it does not constitute a solicitation or offer in jurisdictions where unlawful.
