Vernal Capital Acquisition Corp. reported a consolidated net loss of $(25,515) for the three months ended April 30, 2026, with basic and diluted loss per share of $(0.01). The special-purpose acquisition company completed its IPO in May 2026 and has not yet generated operating revenues.
Financial Highlights
- Net income was a loss of $(25,515) for the three months ended Apr 30, 2026 (consolidated net loss).
- Diluted EPS was $(0.01) for the three months ended Apr 30, 2026 (basic and diluted loss per share).
Business Highlights
- IPO Completion: Completed an initial public offering on May 7, 2026, raising $100M plus a concurrent private placement and establishing trust funds to support a target acquisition.
- Business Focus: Operates as a blank-check SPAC formed to identify and complete a Business Combination by August 7, 2027; commercial operations are expected to begin after a successful combination.
- Operational Readiness: Sponsor-provided seed capital and administrative support are in place to source potential targets; formation activities are ongoing.
- Revenue Status & Outlook: No operating revenues to date; the company has earned interest income from the trust and expects revenue generation only after consummation of a Business Combination.
Original SEC Filing:
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