Vernal Capital Acquisition Corp.

Vernal Capital Acquisition Corp. (VECA) filed its 10-Q report for the period ending April 30, 2026. The company reported a net loss of $25,515 for the quarter. Total assets decreased to $309,060, while shareholders' deficit widened to $73,440. Cash reserves significantly declined to $16,299. The company faces substantial doubt about its ability to continue as a going concern, with a deadline of August 7, 2027, to complete a business combination or face liquidation.

Vernal Capital Acquisition Corp. announced that holders of its units may elect to separately trade the ordinary shares and rights included in its units, effective on or about May 19, 2026. The ordinary shares and rights are expected to trade on the New York Stock Exchange under the symbols "VECA" and "VECAR," respectively. Units not separated will continue to trade under the symbol "VECAU," and holders will need to contact their brokers to facilitate the separation.

Vernal Capital Acquisition Corp. announced that holders of its units (VECAU) may elect to separately trade the ordinary shares and rights starting on or about May 19, 2026. The ordinary shares will trade on the New York Stock Exchange under the symbol "VECA" and the rights under "VECAR". Units that are not separated will continue to trade under the symbol "VECAU".

Vernal Capital Acquisition Corp. announced the consummation of its initial public offering of 10,000,000 units at $10.00 per unit, generating $100,000,000 in gross proceeds. Concurrently, it completed a private placement of 251,250 units for $2,512,500. A total of $100,500,000 from the net proceeds has been deposited into a trust account for public shareholders, though the auditor noted substantial doubt about the company's ability to continue as a going concern if a business combination is not completed within the specified timeframe.