White Pearl Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Rights Commencing February 24, 2026

Rhea-AI Summary

White Pearl Acquisition Corp (NYSE: WPAC U) announced that, effective February 24, 2026, holders may elect to separately trade the Company's Class A ordinary shares and rights included in IPO units.

Separated Class A shares will trade as WPAC, separated rights as WPAC RT, and unsplit units remain WPAC U. No fractional rights will be issued and brokers must contact the transfer agent to effect separation.

Positive

• Separate trading of Class A shares and rights begins Feb 24, 2026
• New tickers provide liquidity: WPAC (shares) and WPAC RT (rights)

Negative

• No fractional rights — small-unit holders may be affected
• Broker action required to separate units via the transfer agent

NEW YORK, Feb. 19, 2026 /PRNewswire/ -- White Pearl Acquisition Corp. (NYSE: WPAC U) (the "Company") today announced that, commencing February 24, 2026, holders of the units sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares and rights included in the units.

No fractional rights will be issued upon separation of the units and only whole rights will trade. The Class A ordinary shares and rights that are separated will trade on The New York Stock Exchange under the symbols "WPAC" and "WPAC RT" respectively. Those units not separated will continue to trade on The New York Stock Exchange under the symbol "WPAC U." Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into Class A ordinary shares and rights.

A registration statement on Form S-1 (File No. 333-290905) (the "Registration Statement") relating to the securities sold in the initial public offering, as amended, was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on January 30, 2026. The offering was made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from D. Boral Capital LLC at 590 Madison Avenue, 39^th Floor, New York, NY 10022, by telephone at (212) 970-5150 or by email at info@dboralcapital.com or by accessing the SEC's website, www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About White Pearl Acquisition Corp.

White Pearl Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. White Pearl Acquisition Corp. intends to focus on businesses in the financial technology (FinTech), information technology (InfoTech) and business service sectors.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds and search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

 

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SOURCE White Pearl Acquisition Corp.

FAQ

When will WPAC Class A shares and rights begin separate trading?

Separate trading begins on February 24, 2026. According to the company, holders of IPO units may elect to split units so Class A ordinary shares trade as WPAC and rights trade as WPAC RT, while unsplit units remain WPAC U.

How do WPAC holders separate units into Class A shares and rights?

Holders must instruct their broker to contact the transfer agent to split units. According to the company, brokers should contact Continental Stock Transfer & Trust Company to effect the separation and enable separate trading under WPAC and WPAC RT.

Will fractional rights be issued when WPAC units are separated?

No, fractional rights will not be issued upon separation. According to the company, only whole rights will trade, so holders with fractional entitlements may need to aggregate or forgo fractions when splitting units.

What happens to WPAC units that are not separated by Feb 24, 2026?

Units not separated will continue trading as WPAC U. According to the company, investors who do not elect separation will retain their units under the unit ticker and can separate later through their broker and the transfer agent.

Which transfer agent handles WPAC unit separations and how can investors contact them?

Continental Stock Transfer & Trust Company handles unit separations. According to the company, brokers should contact Continental to process splits; investors should coordinate with their brokerage to initiate the transfer agent contact.