White Pearl Acquisition Corp. 8-K

What Happened

• White Pearl Acquisition Corp. filed an 8-K (Item 8.01) announcing it consummated its initial public offering of 11,500,000 units, including full exercise of the underwriters' over‑allotment. The Units were sold at $10.00 each, generating gross proceeds of $115,000,000. As of February 3, 2026, $115,000,000 of IPO and simultaneous sponsor private placement proceeds were deposited into a trust account for the benefit of public shareholders. An audited balance sheet dated February 3, 2026 is included as Exhibit 99.1.

Key Details

• IPO size: 11,500,000 units; offering price: $10.00 per unit; gross proceeds: $115,000,000.
• Over‑allotment: Underwriters’ option fully exercised.
• Unit structure: Each Unit = 1 Class A ordinary share + 1 right to receive 1/5 of an ordinary share upon consummation of an initial business combination (typical SPAC structure).
• Sponsor: Private placement was consummated simultaneously with the IPO by White Pearl Group Limited; proceeds placed in a trust as of February 3, 2026.

Why It Matters

• The filing confirms the SPAC is funded and ready to pursue an initial business combination; the $115M in trust represents the capital available to acquire a target subject to the SPAC structure and shareholder approvals.
• Depositing proceeds in a trust provides investor protections typical of SPACs (redeemable public shares tied to the combination process).
• Retail investors evaluating future merger opportunities or considering buying the public securities should note the unit economics (rights convertible upon a business combination) and that audited financials reflecting the IPO proceeds are included in the filing.