#USA #New York #IPO #NYSE #Vernal Capital

Vernal Capital Acquisition Corp. Sets $100 Million IPO Price

Vernal Capital Acquisition Corp. (NYSE: VECA), a special purpose acquisition company, recently revealed the pricing for its initial public offering (IPO), with shares set at $10.00 each. This strategic move aims to raise a total of $100 million in the public market as the company prepares to start trading on the New York Stock Exchange (NYSE) under the symbol "VECAU" beginning May 6, 2026.

The IPO will consist of 10 million units, each unit being comprised of one share of common stock and a right to receive one-quarter of a share upon the completion of an initial business combination. Following the separation, common shares and rights are expected to trade separately on the NYSE under the tickers "VECA" and "VECAR," respectively.

D. Boral Capital LLC is serving as the sole book-running manager for the offering, and the underwriters have a 45-day option to purchase an additional 1.5 million units to cover over-allotments. The offering is anticipated to close on May 7, 2026, subject to the usual closing conditions.

On May 5, 2026, the SEC declared the registration statement effective for these securities, and the offering will occur solely through a prospectus. Interested parties can request copies of the prospectus from D. Boral Capital LLC at their New York office or by phone.

It is important to note that this announcement does not constitute an offer to sell or buy securities. Any sale of securities will only occur in compliance with applicable securities laws, where permitted.

About Vernal Capital

Vernal Capital is a vehicle specifically formed to consummate a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The firm’s search for a target company is not limited by any specific industry or geographic area, thereby allowing for a diverse range of investment opportunities.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties, which could cause actual outcomes to differ significantly from expectations. There is no guarantee that the offering will be completed as described or that it will be executed at all. These statements are affected by numerous conditions, many of which are beyond Vernal's control, including those discussed in the risk factors section of the registration statement filed with the SEC. Copies are available on the SEC's website at www.sec.gov. Vernal does not undertake any obligation to update or revise forward-looking statements, except as required by law.

For media inquiries, please contact:
Binghan Yi, CFO
[Email protected]
www.vernalspac.com