Recent SEC filings provide details on the company’s IPO completion, financial position, and trading structure of its securities.

• The company completed its IPO on February 3, 2026, issuing 11.5 million units at $10 per unit, raising $115 million in gross proceeds, which were deposited in a trust account for public shareholders [S1].
• As of June 30, 2026, the company reported cash and cash equivalents of approximately $1.59 million, current assets of $1.90 million, and current liabilities of $267,558, resulting in a current ratio of 7.11 and a cash ratio of 5.96, indicating strong liquidity [S1].
• The company reported net income of $747,372 for the quarter ended June 30, 2026 [S1].
• On or about February 24, 2026, holders of the company’s units were allowed to separate the Class A ordinary shares and rights for separate trading on the NYSE under the symbols WPAC and WPACR respectively [S1].

The company has successfully completed its IPO and raised significant capital held in trust, providing financial resources to pursue a business combination. Its strong liquidity position and net income reported in the latest quarter indicate sound financial management. The listing on the NYSE under multiple securities provides flexibility for investors and potential transaction structures.

The company currently has no operating business or disclosed revenue streams, limiting visibility into its future performance. As a blank check company, it faces risks related to identifying suitable acquisition targets and completing a business combination. The absence of detailed risk disclosures due to smaller reporting company status may limit transparency for investors.

As a special purpose acquisition company, White Pearl Acquisition Corp. does not currently operate a business with competitive advantages or economic moats. Its value depends on the successful identification and execution of a business combination, which is inherently uncertain and dependent on management’s ability to source and complete a transaction.

• Business Combination Risk: The company’s success depends on identifying and completing a suitable business combination, which may not occur within the required timeframe or on favorable terms.
• Limited Operating History: As a SPAC, the company has no operating business or revenue, which limits visibility into its future financial performance.
• Regulatory and Market Risks: Changes in regulatory requirements or market conditions could impact the company’s ability to complete a business combination or affect the value of its securities.

• White Pearl Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in the British Virgin Islands.
• The company completed its initial public offering (IPO) on February 3, 2026, issuing 11,500,000 units at $10.00 per unit, raising gross proceeds of $115 million.
• 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.
• The proceeds from the IPO and a simultaneous private placement were deposited in a trust account for the benefit of public shareholders.
• The company is listed on the New York Stock Exchange under the ticker symbols WPAC (Class A shares), WPACU (units), and WPACR (rights).
• As of June 30, 2026, the company reported cash and cash equivalents of approximately $1.59 million and current assets of approximately $1.90 million.
• Current liabilities as of June 30, 2026, were approximately $267,558, resulting in a strong current ratio of 7.11 and a cash ratio of 5.96, indicating strong liquidity.
• The company reported net income of $747,372 for the quarter ended June 30, 2026.
• As a smaller reporting company, White Pearl Acquisition Corp. is not required to disclose detailed risk factors in its SEC filings.
• The company has entered into various agreements related to its IPO, including an underwriting agreement, rights agreement, and letter agreements with officers, directors, and sponsors.
• The company’s sponsor is White Pearl Group Limited, which participated in the private placement concurrent with the IPO.
• The company’s business model is that of a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
• Holders of units may elect to separate the Class A ordinary shares and rights for separate trading on the NYSE.