White Pearl Acquisition Corp. 8-K

What Happened

• On February 19, 2026, White Pearl Acquisition Corp. (WPAC) announced that, on or about February 24, 2026, holders of the Company's publicly-traded Units may elect to separate their Units into the underlying Class A ordinary shares and rights. Each Unit consists of one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share upon consummation of an initial business combination.
• Any Units that are not separated will continue to trade on the NYSE under the symbol "WPAC U." Separated Class A ordinary shares and rights will trade under the symbols "WPAC" and "WPAC RT," respectively.

Key Details

• Announcement date: February 19, 2026; expected effective separation date: on or about February 24, 2026.
• Unit composition: 1 Class A ordinary share + 1 right to receive 1/5 of a Class A share on closing of an initial business combination.
• Trading symbols: unseparated Units = "WPAC U"; separated Class A shares = "WPAC"; separated rights = "WPAC RT."
• Action required: holders must have their brokers contact Continental Stock Transfer & Trust Company (the transfer agent) to effect the separation.

Why It Matters

• This change lets investors trade the Class A shares and rights independently, which can increase flexibility and liquidity for each component.
• Separately trading the rights lets investors buy or sell the fractional entitlement tied to a future business combination without holding the full Unit.
• Unit holders who prefer the current structure need take no action — their Units will continue trading as "WPAC U."
• Holders who want separation must coordinate with their broker and the transfer agent to complete the split.