White Pearl Acquisition Corporation IPO Closes
Analysis based on 11 articles · First reported Jan 30, 2026 · Last updated Feb 03, 2026
The successful IPO of White Pearl Acquisition Corporation provides a new SPAC for investors, potentially increasing activity in the financial technology, information technology, and business services sectors. This event adds a new publicly traded entity to the New York Stock Exchange.
White Pearl Acquisition Corporation, a British Virgin Islands-incorporated blank check company, announced the pricing and subsequent closing of its initial public offering. The offering consisted of 11,500,000 units at $10.00 per unit, including the full exercise of the underwriters' over-allotment option, raising $115 million. Each unit comprises one Class A ordinary share and one right, with each right entitling the holder to one-fifth of one Class A ordinary share upon the company's initial business combination. The units began trading on the New York Stock Exchange under the ticker symbol 'WPACU' on February 2, 2026. D. Boral Capital LLC acted as the sole book-running manager, and the United States===United States Securities and Exchange Commission declared the registration statement effective on January 30, 2026. White Pearl Acquisition Corporation intends to focus on businesses in the financial technology, information technology, and business services sectors for its future business combinations.
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