secwatch.observer — SEC 8-K summary
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Issuer:     Vernal Capital Acquisition Corp. (VECA)
CIK:        0002081690
Form:       8-K
Filed at:   2026-05-14T01:50:27+00:00
Accession:  0001213900-26-056171
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vernal Capital Acquisition Corp. closes IPO of 10M units at $10, deposits $100.5M into trust
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- IPO gross proceeds of $100M from 10M units at $10.00 per unit.
- Private placement of 251,250 units to sponsors at $10.00 per unit, generating $2.5M.
- $100.5M from IPO and private placement deposited into trust account ($10.05 per unit).
- Audited balance sheet shows total assets of $101.5M, cash outside trust of $943,073.
- Auditor notes substantial doubt about going concern if business combination not completed within 15 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2081690/000121390026056171/0001213900-26-056171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2081690/000121390026056171/ea0290097-8k_vernal.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-056171

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