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

White Pearl Acquisition Corp. closes $115 million IPO, $115 million placed in trust

Neutral Impact 3 of 5 financing Written later

White Pearl Acquisition Corp. (WPAC) consummated its initial public offering on February 3, 2026, selling 11,500,000 units at $10.00 each for gross proceeds of $115,000,000, including the full exercise of the underwriters' over-allotment option. The full $115,000,000 was deposited in a trust account for public shareholders, and the company has 18 months, to August 3, 2027 by default, to complete an initial business combination or liquidate, which the auditor flagged as raising substantial doubt about its ability to continue as a going concern.

Key points

  • IPO of 11,500,000 units at $10.00 per unit, gross proceeds of $115,000,000, closed February 3, 2026
  • $115,000,000 placed in trust account; cash outside trust was $2,156,745
  • Auditor WWC, P.C. cited going-concern doubt tied to the 18-month deadline, initially August 3, 2027
  • Private placement of 290,000 units to sponsor White Pearl Group Limited for $2,900,000

The filing

CompanyWhite Pearl Acquisition Corp. (WPAC)
Form8-K, current report
Filed with the SECFeb 9, 2026, 4:06 PM ET
Accession number0001213900-26-013656

Items reported: 8.01 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 09, 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.