8-K
filed February 4, 2026, 6:59 PM ET
ticker WPAC
CIK 0002081536
other material
confidence high
sentiment neutral
materiality 0.65
White Pearl Acquisition Corp. closes $115M SPAC IPO at $10/unit, including full overallotment
White Pearl Acquisition Corp.
- IPO closed Feb 3, 2026; 11,500,000 units sold at $10 each, gross proceeds $115M (full exercise of 1.5M-unit over-allotment).
- Each unit consists of one Class A ordinary share and one right to receive one-fifth of a share upon initial business combination.
- Sponsor White Pearl Group Limited purchased 290,000 private units at $10/unit, grossing $2.9M in concurrent private placement.
- Net IPO and private placement proceeds of $115M deposited in trust account for public shareholders.
- Company targets businesses in FinTech, InfoTech, and business services sectors.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
White Pearl Acquisition Corp. issued 290,000 private units of unit to White Pearl Group Limited (the Sponsor) for at a price of $10.00 per Private Unit, generating total proceeds of $2,900,000.
- Security
- unit
- Shares
- 290,000 private units
- Purchaser
- White Pearl Group Limited (the Sponsor)
- Consideration
- at a price of $10.00 per Private Unit, generating total proceeds of $2,900,000
Exact text from the filing
Simultaneously with the closing of the IPO, the Company consummated the private placement (“Private Placement”) with White Pearl Group Limited, the Company’s sponsor (the “Sponsor”), of 290,000 private units (the “Private Units”) at a price of $10.00 per Private Unit, generating total proceeds of $2,900,000.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
White Pearl Acquisition Corp.: Filed Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2026-01-30).
- Change
- charter amendment
- Effective
- 2026-01-30
Exact text from the filing
On January 30, 2026, in connection with the IPO, the Company filed its Amended and Restated Memorandum and Articles of Association, as described in the Registration Statement, with the Registry of Corporate Affairs of British Virgin Islands.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
White Pearl Acquisition Corp. entered into Unit Subscription Agreement with White Pearl Group Limited (effective 2026-01-30).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- White Pearl Group Limited
- Effective
- 2026-01-30
Exact text from the filing
Boral Capital LLC and White Pearl Group Limited; ● Investment Management Trust Agreement, dated January 30, 2026, by and between Continental Stock Transfer & Trust Company and the Company; ● Registration Rights Agreement, dated January 30, 2026, by and among the Company and certain securityholders of the Company; ● Unit Subscription Agreement, dated January 30, 2026, by and between the Company and White Pearl Group Limited; ● Indemnity Agreement, dated January 30, 2026, by and between the Company’s sponsor, officers and directors and the Company; On February 3, 2026, the Company consummated the
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
White Pearl Acquisition Corp. entered into Underwriting Agreement with D. Boral Capital LLC (effective 2026-01-30).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- D. Boral Capital LLC
- Effective
- 2026-01-30
Exact text from the filing
ts IPO, the Company entered into the following agreements, the forms of which were previously filed as exhibits to the Registration Statement: ● Underwriting Agreement, dated January 30, 2026, by and between the Company and D.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
White Pearl Acquisition Corp. entered into Letter Agreement with Company’s officers, directors, D. Boral Capital LLC and White Pearl Group Limited (effective 2026-01-30).
- Action
- entry
- Counterparty
- Company’s officers, directors, D. Boral Capital LLC and White Pearl Group Limited
- Effective
- 2026-01-30
Exact text from the filing
Letter Agreement, dated January 30, 2026, by and between the Company’s officers, directors, D. Boral Capital LLC and White Pearl Group Limited
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
White Pearl Acquisition Corp. entered into Investment Management Trust Agreement with Continental Stock Transfer & Trust Company (effective 2026-01-30).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2026-01-30
Exact text from the filing
Investment Management Trust Agreement, dated January 30, 2026, by and between Continental Stock Transfer & Trust Company and the Company
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
White Pearl Acquisition Corp. entered into Rights Agreement with Continental Stock Transfer & Trust Company (effective 2026-01-30).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2026-01-30
Exact text from the filing
● Rights Agreement, dated January 30, 2026, by and between the Company and Continental Stock Transfer & Trust Company; ● Letter Agreement, dated January 30, 2026, by and between the Company’s officers, directors, D.
View on SEC.gov
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