Vernal Capital Acquisition Corp. has priced its initial public offering at $10 per unit, selling 10 million units for a total offering size of $100 million, the company announced.
The units are slated to start trading on the New York Stock Exchange under the symbol "VECAU" on May 6, 2026. Each unit comprises one ordinary share and one right to receive one-fourth of one ordinary share upon the closing of an initial business combination.
Following the commencement of trading, the components of the units will transact separately. Ordinary shares will trade under the ticker "VECA" and the rights will trade under "VECAR."
D. Boral Capital LLC is acting as the sole book-running manager for the offering. The underwriting group holds a 45-day option to buy up to an additional 1.5 million units to address any over-allotments.
The offering is expected to close on May 7, 2026, subject to customary closing conditions. The Securities and Exchange Commission declared the registration statement for the securities effective on May 5, 2026.
The sale is being conducted through a prospectus. Interested parties can obtain copies of the prospectus from D. Boral Capital LLC, the manager named in the offering documents.
Company purpose and scope
Vernal Capital is a blank-check company organized to identify and complete a business combination, which may include a merger, share exchange, asset acquisition, share purchase, reorganization or a similar transaction. The company has not limited its search to any particular industry or geographic region.
Details at a glance
- Offering size: 10 million units at $10 per unit, totaling $100 million.
- Trading commencement for units: May 6, 2026, on the NYSE under "VECAU."
- Separate trading symbols: ordinary shares - "VECA" ; rights - "VECAR."
- Underwriter: D. Boral Capital LLC (sole book-runner) with a 45-day 1.5 million unit over-allotment option.
- Expected closing date: May 7, 2026, subject to customary closing conditions.
- SEC effectiveness date for the registration statement: May 5, 2026.
This announcement sets out the principal terms of Vernal Capital's initial public offering and describes the corporate objective as a blank-check vehicle pursuing one or more qualifying transactions without restriction on sector or geography.