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United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

May 7, 2026

Date of Report (Date of earliest event reported)

 

Vernal Capital Acquisition Corp.

(Exact Name of Registrant as Specified in its Charter)

 

Cayman Islands   001-43269   N/A

(State or other jurisdiction of

incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

244 Fifth Avenue, Suite #1845

New York, NY 10001

(Address of Principal Executive Offices)

 

Registrant’s telephone number, including area code: +65 9328 8727

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one ordinary share and one right entitling the holder to receive one-fourth (1/4) of one ordinary share   VECAU   The New York Stock Exchange
Ordinary Shares, par value $0.0001 per share   VECA   The New York Stock Exchange
Rights, each right entitling the holder to receive one-fourth (1/4) of one ordinary share   VECAR   The New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 8.01. Other Events

 

As previously disclosed on a Current Report on Form 8-K filed with the Securities and Exchange Commission on May 11, 2026, on May 7, 2026, Vernal Capital Acquisition Corp. (the “Company”) consummated its initial public offering (the “IPO”) of 10,000,000 units (the “Units”). Each Unit consists of one ordinary share of the Company, par value $0.0001 per share (the “Ordinary Shares”) and one right entitling the holder to receive one-fourth (1/4) of one Ordinary Share upon the consummation of the Company’s initial business combination. The Units were sold at an offering price of $10.00 per Unit, generating total gross proceeds of $100,000,000.

 

Simultaneously with the closing of the IPO, pursuant to the Private Units Purchase Agreement, the Company completed the private placement of an aggregate of 251,250 units (the “Private Units”) to its sponsors, Vernal One Limited and Xesse Ventures Limited, at $10.00 per Private Unit, each Private Unit consisting of one Ordinary Share and one right entitling the holder to receive one-fourth (1/4) of one Ordinary Share upon the consummation of the Company’s initial business combination. The Private Units are identical to the Units sold in the IPO, except as otherwise disclosed in the registration statement for the IPO. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the Private Units was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

 

Of the net proceeds of the IPO and the sale of the Private Units, $100,500,000 has been deposited into a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee, for the benefit of the Company’s public shareholders.

 

An audited balance sheet as of May 7, 2026 reflecting receipt of the proceeds from the IPO and the sale of the Private Units has been issued by the Company and is included with the report as Exhibit 99.1.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Audited Balance Sheet dated May 7, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: May 13, 2026  
   
VERNAL CAPITAL ACQUISITION CORP.  
   
By: /s/ Jun Du  
Name: Jun Du  
Title: Chief Executive Officer  

 

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