Here are the 10-Q quarterly reports from White Pearl Acquisition Corp. (WPAC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WPAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WPAC filings page.
White Pearl Acquisition Corp., a British Virgin Islands-based special purpose acquisition company, reported total assets of $118.6 million as of June 30 2026, largely consisting of $116.7 million of investments held in a Trust Account funded by its February 2026 IPO of 11.5 million units at $10.00 per unit. Cash held outside the Trust Account was $1.59 million for working capital.
For the three and six months ended June 30 2026, the company recorded net income of $747,372 and $1,295,333, respectively, driven primarily by interest income on the Trust Account of $1,023,466 and $1,650,698, offset by general and administrative expenses and related-party administrative fees totaling $375,581 over six months. Class A ordinary shares subject to possible redemption totaled 11,500,000 shares, carried at a redemption value of $116.7 million.
The company has until August 3 2027 to complete an initial business combination, after which it must redeem public shares and liquidate if no deal is completed. Management states that this mandatory liquidation possibility "raises substantial doubt about the Company’s ability to continue as a going concern," although current liquidity includes working capital of $1.63 million and access to potential Working Capital Loans from the sponsor.
White Pearl Acquisition Corp. reported its first quarter as a public SPAC, posting net income of $547,961 for the three months ended March 31, 2026, driven mainly by interest on IPO proceeds held in trust. Total assets were $117,728,290, including $115,627,232 in a Trust Account backing 11,500,000 Class A ordinary shares subject to possible redemption. The company had cash of $1,974,500 outside the Trust Account to fund search and operating costs and notes that failure to complete a Business Combination by August 3, 2027 would trigger mandatory liquidation, raising substantial doubt about its ability to continue as a going concern.