Vernal Capital Acquisition (NYSE:VECAU) announced that, starting on or about May 19, 2026, holders of its units may separately trade the underlying ordinary shares (VECA) and rights (VECAR) on the NYSE. Units that are not separated will continue trading under the symbol VECAU.
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.