Vernal One Ltd buys 213,562 VECA private units
Vernal Capital Acquisition Corp. disclosed that its sponsor, Vernal One Ltd, bought 213,562 private units at $10.00 per unit, for a total of $2,135,620, in a private placement completed with the company’s initial public offering.
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Form Type
4
Rhea-AI Filing Summary
Vernal Capital Acquisition Corp. disclosed that its sponsor, Vernal One Ltd, bought 213,562 private units at $10.00 per unit, for a total of $2,135,620, in a private placement completed with the company’s initial public offering. Each unit includes one ordinary share and one right to receive one-fourth of an ordinary share after the company’s initial business combination.
Following this purchase, Vernal One Ltd holds 2,657,312 ordinary shares and 213,562 rights to receive additional ordinary shares, reflecting a significant sponsor ownership position aligned with the company’s post‑IPO structure.
Insider Trade Summary
Net Buyer: 427,124 shares
Net Buy
2 txns
Insider
Vernal One Ltd
Role
10% Owner
Bought
427,124 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Rights to receive Ordinary Shares | 213,562 | $0.00 | $0.00 |
| Purchase | Ordinary Shares | 213,562 | $0.00 | $0.00 |
Holdings After Transaction:
Rights to receive Ordinary Shares — 213,562 contracts (Direct);
Ordinary Shares — 2,657,312 shares (Direct)
Footnotes (3)
- F1. Vernal One Limited (the "Sponsor"), one of the sponsors of the Issuer, is the record holder of the securities reported herein. Mr. Jun Du is the sole member of the Sponsor and has the voting and investment discretion with respect to the securities held of record by the Sponsor.
- F2. Simultaneously with the consummation of the Issuer's initial public offering, the Sponsor acquired, at a price of $10.00 per unit, 213,562 units (the "Private Units") in a private placement for an aggregate purchase price of $2,135,620. Each Private Unit consists of one ordinary share and one right entitling the holder to receive one-fourth (1/4) of one ordinary share upon consummation of the Issuer's initial business combination. The reported shares in Table I are the 213,562 ordinary shares included in such Private Units and the reported rights in Table II are the 213,562 rights included in such Private Units.
- F3. Each holder of a right will automatically receive one-fourth (1/4) of one ordinary share upon consummation of the Issuer's initial business combination.
Key Figures
Private units purchased: 213,562 units
Unit purchase price: $10.00 per unit
Aggregate purchase price: $2,135,620
+4 more
7 metrics
Private units purchased
213,562 units
Acquired simultaneously with initial public offering
Unit purchase price
$10.00 per unit
Price paid by Vernal One Ltd for Private Units
Aggregate purchase price
$2,135,620
Total paid for 213,562 Private Units
Ordinary shares from Private Units
213,562 shares
Shares included in the purchased Private Units
Rights acquired
213,562 rights
Rights to receive ordinary shares included in Private Units
Post-transaction ordinary shares
2,657,312 shares
Ordinary shares held by Vernal One Ltd after transaction
Share fraction per right
1/4 of one ordinary share
Each right’s entitlement upon initial business combination
Key Terms
initial public offering, private placement, Private Units, rights to receive Ordinary Shares, +1 more
5 terms
initial public offering financial
"Simultaneously with the consummation of the Issuer's initial public offering, the Sponsor acquired..."
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
private placement financial
"...213,562 units (the "Private Units") in a private placement for an aggregate purchase price..."
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
Private Units financial
"...213,562 units (the "Private Units") in a private placement..."
initial business combination financial
"Each holder of a right will automatically receive one-fourth (1/4) of one ordinary share upon consummation of the Issuer's initial business combination."
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Vernal One Ltd purchase in the latest VECA Form 4 filing?
Vernal One Ltd purchased 213,562 private units of Vernal Capital Acquisition Corp. Each unit includes one ordinary share and one right, aligning the sponsor’s interests with shareholders around the company’s initial public offering and future business combination.
How much did Vernal One Ltd invest in Vernal Capital Acquisition Corp. (VECA)?
Vernal One Ltd invested $2,135,620 in Vernal Capital Acquisition Corp. It acquired 213,562 private units at $10.00 per unit in a private placement completed simultaneously with the company’s initial public offering, reinforcing its role as a key sponsor shareholder.
What does each VECA private unit bought by Vernal One Ltd consist of?
Each private unit consists of one ordinary share and one right to receive one-fourth of an ordinary share. After Vernal Capital Acquisition Corp. completes its initial business combination, each right converts automatically into additional ordinary share exposure for the holder.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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