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Vernal Capital Acquisition Corp.VECA

Class A VECAUnits VECA-UNCIK 0002081690

Cash in trust

Not yet disclosed

Trust per share

Redemption value

IPO

May 2026

Combination deadline

Aug 7, 2027

337 days remaining

Filings on record

27

Latest Aug 14, 2026

Overview

Vernal Capital Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002081690. It completed its initial public offering in May 2026 and listing on NYSE. Class A shares trade under the ticker VECA, units under VECA-UN on NYSE. The vehicle is sponsored by Vernal. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

we intend to focus our search for an initial business combination on private companies in Asia that have compelling economics and clear paths to positive operating cash flow, significant assets, and successful management teams that are seeking access to the U.
The mandate, as stated in the IPO prospectus
GeneralistAsia-Pacific

Reading the filings

Arithmetic on what Vernal Capital Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Time on the clock

    337 days to the Aug 7, 2027 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.

  • Underwriting

    D. Boral Capital led the offering. It has been named on 28 SPAC IPOs, book-running 27 of them. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

Scores

Recomputed 4m ago

Three readings of Vernal Capital Acquisition Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

FOMO

Moderate

How much attention is this vehicle attracting right now?

28/100

  • Filing activity56

    3 in 30 days

  • News coverage0

    0 stories in 30 days

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Moderate

How likely is this vehicle to complete a combination, and at what scale?

33/100

  • Bank franchise26

    28 SPAC mandates

  • Stage40

    searching

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

SEC filing history

Free tier: filings older than 24 hours
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000919574-26-005350

    Aug 14, 2026

    21d ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001193125-26-351083

    Aug 14, 2026

    21d ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001167557-26-000155

    Aug 12, 2026

    23d ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-068311

    Jun 12, 2026

    2mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001072613-26-000512

    Jun 5, 2026

    3mo ago

    Open filing
  • SCHEDULE 13D

    Beneficial ownership report (activist)

    Accession 0001213900-26-058455

    May 18, 2026

    3mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-058454

    May 18, 2026

    3mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-058453

    May 18, 2026

    3mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-056609

    May 14, 2026

    3mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-056171

    May 14, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001193125-26-222136

    May 13, 2026

    3mo ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001213900-26-054503

    May 11, 2026

    3mo ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001213900-26-053081

    May 7, 2026

    4mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053064

    May 7, 2026

    4mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053062

    May 7, 2026

    4mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053060

    May 7, 2026

    4mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053058

    May 7, 2026

    4mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053056

    May 7, 2026

    4mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-053053

    May 7, 2026

    4mo ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-001491

    May 6, 2026

    4mo ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0000876661-26-000387

    May 5, 2026

    4mo ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001213900-26-052012

    May 5, 2026

    4mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-045796

    Apr 21, 2026

    4mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-026246

    Mar 11, 2026

    5mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-25-117528

    Dec 3, 2025

    9mo ago

    Open filing
  • S-1

    Registration statement for the initial public offering

    Accession 0001213900-25-093762

    Sep 30, 2025

    11mo ago

    Open filing
  • DRS

    Draft registration statement (confidential)

    Accession 0001213900-25-079287

    Aug 21, 2025

    1y ago

    Open filing

Vernal Capital Acquisition Corp.: questions answered

What is Vernal Capital Acquisition Corp. (VECA)?

Vernal Capital Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002081690. It completed its initial public offering in May 2026 and listing on NYSE. Class A shares trade under the ticker VECA, units under VECA-UN on NYSE. The vehicle is sponsored by Vernal. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

How much does Vernal Capital Acquisition Corp. hold in trust?

No trust balance has been disclosed in a filing we have indexed for Vernal Capital Acquisition Corp.. For a newly priced IPO this is normal: the figure first appears in the quarterly report after closing.

When must Vernal Capital Acquisition Corp. complete a merger?

By Aug 7, 2027. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.

What happens if Vernal Capital Acquisition Corp. does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Vernal Capital Acquisition Corp., and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does Vernal Capital Acquisition Corp. trade under?

Class A shares trade as VECA on NYSE, the units as VECA-UN. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for Vernal Capital Acquisition Corp.?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

Who sponsors Vernal Capital Acquisition Corp., and what is their track record?

Vernal is the sponsor entity, part of the Vernal franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Du Jun.

Which banks underwrote the Vernal Capital Acquisition Corp. IPO?

D. Boral Capital, Webull Financial. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is Vernal Capital Acquisition Corp. tradeable, and where?

Yes. VECA returned a live quote of $10.03 on NYSE. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is Vernal Capital Acquisition Corp. a good investment?

That is not a question this site answers. Vernal Capital Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Vernal Capital Acquisition Corp. data come from?

Filings Vernal Capital Acquisition Corp. submitted to the SEC under CIK 0002081690: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.