White Pearl Acquisition Corp. Announces Commencement of Separate Trading of Class A Shares and Rights
Key Points:
- White Pearl Acquisition Corp. (NYSE: WPAC U) will allow the separate trading of its Class A ordinary shares and rights, beginning February 24, 2026.
- Shareholders who own units from the company’s IPO may choose to split their units into Class A shares and rights.
- Separated Class A ordinary shares will trade under the symbol “WPAC” and rights under “WPAC R” on the NYSE.
- Units that are not separated will continue to trade under the existing symbol “WPAC U.”
- No fractional rights will be issued; only whole rights will be tradable.
- To separate units, shareholders must have their brokers contact Continental Stock Transfer & Trust Company (the company’s transfer agent).
- The registration statement for the IPO (Form S-1, File No. 333-290905) was declared effective by the SEC on January 30, 2026.
Details for Shareholders:
- This announcement is particularly important for shareholders because the ability to separately trade rights and Class A shares may impact liquidity and price discovery for each security.
- The new trading symbols (“WPAC” for shares, “WPAC R” for rights) mean investors should monitor these tickers for price movement and trading volume.
- Shareholders must proactively instruct their brokers to separate their units if they wish to trade the components individually.
- No fractional rights will be issued—holders must own whole units to separate into tradable rights.
- Any changes in trading, liquidity, or investor activity resulting from this separation could potentially affect the share price of both WPAC and WPAC R.
- The company is a SPAC, focused on business combinations in the FinTech, InfoTech, and business services sectors. The anticipated use of net proceeds and the search for a business combination are considered forward-looking statements and subject to risks.
- Investors should note that forward-looking statements regarding the use of proceeds and business combination search are subject to risks and uncertainties, as outlined in the prospectus and Registration Statement.
Potential Price Sensitivity:
- The separation of trading could lead to increased volatility and price movement as investors reassess the value of individual components versus whole units.
- Announcement of specific business combination targets or deals in the FinTech, InfoTech, or business services sectors may further influence share prices.
- Investors should be aware of the risk factors detailed in the company’s SEC filings, as these could impact the share price depending on market sentiment and developments.
Contact Information:
- Copies of the IPO prospectus may be obtained from D. Boral Capital LLC (590 Madison Avenue, 39th Floor, New York, NY 10022; Tel: (212) 970-5150; Email: [email protected]).
- Further information is also available on the SEC’s website: www.sec.gov
About White Pearl Acquisition Corp.
White Pearl Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company’s focus is on FinTech, InfoTech, and business service sectors.
Forward-Looking Statements
This announcement contains forward-looking statements, especially regarding the use of net proceeds and the search for an initial business combination. There is no guarantee these proceeds will be used as intended. These statements are subject to risks and uncertainties, many of which are outside the company’s control, and are detailed in the Risk Factors section of the prospectus and registration statement filed with the SEC. White Pearl Acquisition Corp. undertakes no obligation to update these statements except as required by law.
Disclaimer: This article is for informational purposes only and does not constitute investment advice, a solicitation, or an offer to buy or sell securities. Investors should perform their own due diligence and consult with their financial advisors before making any investment decisions. The information provided is based on publicly available filings and subject to change without notice.
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