Vernal Capital Acquisition Corp. closes $100M SPAC IPO; $100.5M placed in trust

Vernal Capital Acquisition Corp.

IPO of 10M units at $10.00/unit, gross proceeds $100M; units trade on NYSE as VECAU.
Concurrent private placement of 251,250 units to sponsors raises $2.5125M.
$100.5M from IPO and private placement deposited into trust account.
Underwriters granted 45-day option to purchase up to 1.5M additional units for over-allotments.
Indemnity agreements entered with CEO Jun Du, CFO Binghan Yi, and directors Pei Wang, Saloon Tham, Qiang Fu.

item 1.01 item 9.01 item 3.02 item 5.02 item 5.03 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

Vernal Capital Acquisition Corp.: On May 5, 2026, the Company's Amended and Restated Memorandum and Articles of Association became effective in connection with the IPO (effective 2026-05-05).

Change: charter amendment
Effective: 2026-05-05

Exact text from the filing

Item 5.03. Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year. On May 5, 2026, in connection with the IPO, the Company’s Amended and Restated Memorandum and Articles of Association became effective (the “ Amended Charter ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Vernal Capital Acquisition Corp. entered into Underwriting Agreement with D. Boral Capital LLC valued at Underwriting agreement for IPO of 10,000,000 units at $10.00 per unit, total gross proceeds $100,000 (effective 2026-05-05).

Action: entry
Agreement: underwriting
Counterparty: D. Boral Capital LLC
Value: Underwriting agreement for IPO of 10,000,000 units at $10.00 per unit, total gross proceeds $100,000
Effective: 2026-05-05

Exact text from the filing

● An Underwriting Agreement, dated May 5, 2026, by and between the Company and D. Boral Capital LLC, as representative of the underwriters

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Vernal Capital Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-26-054503

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