secwatch.observer — SEC 8-K summary
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Issuer:     Vernal Capital Acquisition Corp. (VECA)
CIK:        0002081690
Form:       8-K
Filed at:   2026-05-11T20:31:03+00:00
Accession:  0001213900-26-054503
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01, 3.02, 5.02, 5.03, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2081690/000121390026054503/0001213900-26-054503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2081690/000121390026054503/ea0289809-8k_vernal.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-054503

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer