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AI brief of an SEC Form 8-K · White Pearl Acquisition Corp. (WPAC)

White Pearl Acquisition closes $115 million IPO; $115 million placed in trust

Neutral Impact 3 of 5 financing Written later

White Pearl Acquisition Corp., a blank check company, closed its initial public offering of 11,500,000 units at $10.00 per unit on February 3, 2026, including the full exercise of the underwriters' over-allotment option. The company said $115,000,000 of IPO and private placement proceeds was deposited in a trust account for public shareholders, and the company must complete an initial business combination to use the funds as described in the filing.

Key points

  • IPO of 11,500,000 units at $10.00 each, for gross proceeds of $115,000,000, closed February 3, 2026
  • Units include 1,500,000 units from the full exercise of the over-allotment option
  • Private placement of 290,000 private units to sponsor White Pearl Group Limited for $2,900,000
  • Trust account funded with $115,000,000 as of February 3, 2026; units began trading on the NYSE as WPACU on February 2, 2026

The filing

CompanyWhite Pearl Acquisition Corp. (WPAC)
Form8-K, current report
Filed with the SECFeb 3, 2026, 6:00 PM ET
Accession number0001213900-26-011634

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.