White Pearl Acquisition Corp. reported first-quarter 2026 results with consolidated net income of $548K. The company has not generated operating revenue to date as it focuses on completing an initial business combination; diluted EPS was provided by share class with $0.08 per redeemable Class A share and $(0.01) per non-redeemable share for the quarter.
Financial Highlights
- Net income was $548K for Q1 2026 (consolidated).
- Diluted earnings per share: $0.08 per redeemable Class A share and $(0.01) per non-redeemable share for Q1 2026.
Business Highlights
- IPO completion: The company completed its IPO on Feb. 3, 2026, raising $115M; proceeds were placed in a Trust to fund a future business combination.
- No operating revenue: The company has no operations or revenue to date; activities have been limited to organization, IPO preparation and searching for a target.
- Trust investments & interest: Trust proceeds were invested in short-term U.S. Treasury bills, generating interest income used for operating and potential transaction costs.
- Business combination focus: Management is actively pursuing an initial business combination across industries, with a deadline of Aug. 3, 2027, and may rely on working capital loans if needed.
Original SEC Filing:
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