White Pearl Acquisition Corp. Successfully Completes $115 Million IPO on NYSE

Introduction
On February 3, 2026, White Pearl Acquisition Corp., a special purpose acquisition company (SPAC) incorporated in the British Virgin Islands, announced the successful closing of its initial public offering (IPO) of 11,500,000 units at an offering price of $10.00 per unit. This move is significant as it raises a total of $115 million, which is intended to finance a merger or acquisition with businesses, particularly in the financial technology (FinTech) and information technology sectors.

Details of the Offering
The offering highlighted that it included an additional 1,500,000 units which were issued after the underwriters exercised their full over-allotment option. Each unit consists of one Class A ordinary share and one right, where the right permits the holder to receive one-fifth (1/5) of a Class A ordinary share upon successful completion of the company’s initial business combination.

The units began trading on the New York Stock Exchange (NYSE) under the ticker symbol “WPACU” as of February 2, 2026. Once the units commence individual trading, the Class A ordinary shares and rights will trade under separate symbols: “WPAC” and “WPACR,” respectively. Such strategic steps indicate the company's readiness to engage effectively in the stock market.

Management and Oversight
D. Boral Capital LLC acted as the sole book-running manager for this public offering, showcasing their confidence in the market potential of White Pearl Acquisition Corp. Their experience in managing similar offerings adds credibility to the venture.

Regulatory Compliance
The registration statement for this offering was filed on Form S-1 and had been declared effective by the U.S. Securities and Exchange Commission (SEC) on January 30, 2026. The registration process ensures that all legal protocols are followed, allowing potential investors to make informed decisions based on the provided prospectus.
Copies of the prospectus can be obtained from D. Boral Capital LLC, and it’s also accessible through the SEC’s website, www.sec.gov.

Future Goals and Direction
As a SPAC, White Pearl Acquisition Corp. aims to capitalize on its unique position to merge or acquire leading businesses within the FinTech and InfoTech domains. This focus is essential, considering the rapid growth and innovation within these sectors. The funds raised from the IPO are intended to identify promising companies that can benefit from being publicly traded following the business combination.

Conclusion
The successful closing of White Pearl Acquisition Corp.'s IPO marks a crucial milestone in its mission to create value through strategic acquisitions. As the company now navigates the search for viable business combinations, stakeholders are keen to see how it leverages its newly acquired capital to establish meaningful partnerships in the fast-evolving technological landscape. With an experienced team and clear objectives, White Pearl Acquisition Corp. is poised to make a significant impact in the market.

As a final note, this press release does not serve as an offer to sell or solicit any offers to buy these securities in jurisdictions where such an offer would be unlawful prior to registration or qualifications under the securities laws of those jurisdictions.