Core Viewpoint - White Pearl Acquisition Corp. has successfully closed its initial public offering (IPO) of 11,500,000 units at a price of $10.00 per unit, which includes an over-allotment of 1,500,000 units, and the units began trading on the NYSE under the ticker symbol "WPACU" on February 2, 2026 [1]. Company Overview - White Pearl Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses [5]. - The company intends to focus on businesses in the financial technology (FinTech), information technology (InfoTech), and business services sectors [5]. Offering Details - The IPO consisted of 11,500,000 units, with each unit comprising one Class A ordinary share and one right, where each right entitles the holder to receive one-fifth (1/5) of one Class A ordinary share upon the completion of the initial business combination [1]. - The offering was made under a registration statement declared effective by the U.S. Securities and Exchange Commission (SEC) on January 30, 2026 [3].
White Pearl Acquisition Corp. Announces Closing of $115 Million Initial Public Offering