Quarterly ResultSep 10, 2026, 04:34 PM
Vernal Capital Acquisition Corp. Reports Q2 2026 Net Income of $612,215
AI Summary
Vernal Capital Acquisition Corp. filed its 10-Q report for the period ending July 31, 2026. The company reported a net income of $612,215 for the three months ended July 31, 2026, a significant improvement from a net loss of $4,193 for the comparable period in the prior year. Total assets saw a substantial increase to $102,096,052, largely due to investments held in the Trust Account amounting to $101,332,568. Cash reserves also grew to $669,644. The filing details the company's financial statements, management's discussion and analysis, and other relevant corporate information.
Key Highlights
- Vernal Capital Acquisition Corp. reported a net income of $612,215 for the three months ended July 31, 2026.
- Total assets increased significantly to $102,096,052 as of July 31, 2026, compared to $335,695 as of January 31, 2026.
- Investments held in Trust Account reached $101,332,568 as of July 31, 2026.
- Cash increased to $669,644 as of July 31, 2026, from $61,587 as of January 31, 2026.
- General and administrative expenses were $225,083 for the three months ended July 31, 2026.
- The company had 2,851,250 non-redeemable ordinary shares outstanding as of July 31, 2026.
Price Impact
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