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White Pearl Acquisition Corp (Nasdaq: WPACU) closed its initial public offering of 11,500,000 units at $10.00 per unit, raising gross proceeds of approximately $115 million, which included the full exercise of a 1,500,000-unit over-allotment option. Units began trading on the NYSE under WPACU on February 2, 2026.
Each unit contains one Class A ordinary share and one right; each right entitles the holder to receive one-fifth of one Class A ordinary share upon completion of an initial business combination. D. Boral Capital acted as sole book-running manager. The offering followed an SEC-declared effective Form S-1 (File No. 333-290905) on January 30, 2026.
