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Vernal Capital Acquisition Corp (NYSE: VECAU) closed its IPO of 10,000,000 units at $10.00 per unit on May 6–7, 2026, raising $100,000,000 in the public offering and $2,512,500 in a concurrent private placement.
$100,500,000 of net proceeds were placed in trust at $10.05 per unit; units trade as VECAU, with expected separate listings VECA (shares) and VECAR (rights).
Vernal Capital Acquisition (NYSE: VECA) priced a $100.0 million initial public offering of 10,000,000 units at $10.00 per unit on May 5, 2026.
Units (one share plus a right to 0.25 share) are expected to begin trading as VECAU on May 6, 2026; ordinary shares and rights would trade as VECA and VECAR upon separation. The underwriters have a 45-day 1,500,000-unit overallotment option. SEC declared the registration effective May 5, 2026; closing is expected May 7, 2026, subject to customary conditions.