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White Pearl Acquisition Corp.WPAC

Class A WPACUnits WPAC-UNCIK 0002081536

Cash in trust

$116.7M

$116,650,698

Trust per share

Redemption value

IPO

Jan 2026

$115.0M raised

Combination deadline

Aug 3, 2027

333 days remaining

Filings on record

31

Latest Aug 14, 2026

Overview

White Pearl Acquisition Corp. is a special purpose acquisition company incorporated in Virgin Islands, British and registered with the SEC under CIK 0002081536. It completed its initial public offering in Jan 2026, raising $115.0M in gross proceeds and listing on NYSE. Class A shares trade under the ticker WPAC, units under WPAC-UN on NYSE. The vehicle is sponsored by White Pearl through White Pearl Group Limited. The mandate targets technology, financial services, business services. IPO closed, trust funded, no definitive agreement announced.

we intend to focus on businesses in the financial technology (FinTech), information technology (InfoTech) and business services sectors, which we believe have an optimistic growth trajectory for the coming years.
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what White Pearl 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

    333 days to the Aug 3, 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 White Pearl 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?

30/100

  • Bank franchise26

    28 SPAC mandates

  • Trust scale24

    $117M

  • 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 0001140361-26-033026

    Aug 14, 2026

    21d ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0000886982-26-000480

    Aug 13, 2026

    22d ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-088399

    Aug 12, 2026

    22d ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001193125-26-224448

    May 14, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001072613-26-000437

    May 14, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001172661-26-001867

    May 14, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001213900-26-056180

    May 14, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000886982-26-000257

    May 13, 2026

    3mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-054486

    May 11, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001193125-26-080137

    Feb 27, 2026

    6mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001376474-26-000210

    Feb 26, 2026

    6mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-018436

    Feb 19, 2026

    6mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-013656

    Feb 9, 2026

    6mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001376474-26-000129

    Feb 5, 2026

    7mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-011638

    Feb 3, 2026

    7mo ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.03, 8.01, 9.01 · Accession 0001213900-26-011634

    Feb 3, 2026

    7mo ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-000378

    Feb 2, 2026

    7mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-010372

    Jan 30, 2026

    7mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-010371

    Jan 30, 2026

    7mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-010370

    Jan 30, 2026

    7mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-010369

    Jan 30, 2026

    7mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-010366

    Jan 30, 2026

    7mo ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001213900-26-010324

    Jan 30, 2026

    7mo ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0000876661-26-000069

    Jan 30, 2026

    7mo ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001213900-26-009791

    Jan 30, 2026

    7mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-005187

    Jan 16, 2026

    7mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-25-118098

    Dec 4, 2025

    9mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-25-116428

    Dec 1, 2025

    9mo ago

    Open filing
  • S-1

    Registration statement for the initial public offering

    Accession 0001213900-25-099307

    Oct 16, 2025

    10mo ago

    Open filing
  • DRS/A

    Amended draft registration statement

    Accession 0001213900-25-090063

    Sep 22, 2025

    11mo ago

    Open filing

White Pearl Acquisition Corp.: questions answered

What is White Pearl Acquisition Corp. (WPAC)?

White Pearl Acquisition Corp. is a special purpose acquisition company incorporated in Virgin Islands, British and registered with the SEC under CIK 0002081536. It completed its initial public offering in Jan 2026, raising $115.0M in gross proceeds and listing on NYSE. Class A shares trade under the ticker WPAC, units under WPAC-UN on NYSE. The vehicle is sponsored by White Pearl through White Pearl Group Limited. The mandate targets technology, financial services, business services. IPO closed, trust funded, no definitive agreement announced.

How much does White Pearl Acquisition Corp. hold in trust?

Approximately $116,650,698, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must White Pearl Acquisition Corp. complete a merger?

By Aug 3, 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 White Pearl 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 White Pearl 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 White Pearl Acquisition Corp. trade under?

Class A shares trade as WPAC on NYSE, the units as WPAC-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 White Pearl 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.

How much dilution do White Pearl Acquisition Corp.'s founder shares and warrants create?

Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors White Pearl Acquisition Corp., and what is their track record?

White Pearl Group Limited is the sponsor entity, part of the White Pearl franchise. This is the only vehicle we have attributed to that sponsor.

Which banks underwrote the White Pearl Acquisition Corp. IPO?

D. Boral Capital, Webull Financial. D. Boral Capital was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is White Pearl Acquisition Corp. tradeable, and where?

Yes. WPAC returned a live quote of $10.06 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 White Pearl Acquisition Corp. a good investment?

That is not a question this site answers. White Pearl 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 White Pearl Acquisition Corp. data come from?

Filings White Pearl Acquisition Corp. submitted to the SEC under CIK 0002081536: 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

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