Vernal Capital Acquisition Corp. (VECA.U) Prices $100M IPO

Vernal Capital Acquisition Corp. (NYSE:VECA.U) announced the pricing of its $100 million IPO and its units are expected to begin trading on the NYSE under the symbol “VECA.U” on Wednesday, May 6, 2026.

The new SPAC intends to mount a generalist search for a target focusing on private companies in Asia with compelling economics.

Vernal Capital Acquisition Corp. is to be led by Chief Executive Officer, Director and Chairman Du Jun and Chief Financial Officer Yi Binghan. Wang Pei, Saloon Tham and Dr. Fu Qiang will serve on its Board of Directors.

Total SPAC deal count for 2026 year-to-date is now 81. This offering is expected to close on Thursday, May 7 2026.

D. Boral Capital LLC is acting as sole book-running manager of the offering. Hunter Taubman Fischer & Li LLC is serving as Issuer’s Counsel with Robinson+Cole LLP serving as Underwriter’s Counsel. Simon & Edwards LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.