White Pearl Acquisition Corp. (WPAC.U) Prices $100M IPO

White Pearl Acquisition Corp. (NYSE:WPAC.U) announced the pricing of its $100 million IPO and its units are expected to begin trading on the NYSE under the symbol “WPAC.U”, Monday, February 2, 2025.

The new SPAC aims to combine with a target company in the fintech, IT or business services sectors.

White Pearl Acquisition Corp. is to be led by Chief Executive Officer, Chief Financial Officer and Chairman Naphat Sirimongkolkasem. Joseph Shiu Wing Chow, Yuxun Sun and Jiang Hua Feng are expected to serve on the SPAC’s Board.

Total SPAC deal count for 2025 year-to-date is now 25. This offering is expected to close on Tuesday, February 3, 2025.

D. Boral Capital LLC is acting as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Hunter Taubman Fischer & Li LLC serving as Underwriter’s Counsel. WWC, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.