Vernal Capital Acquisition Corp.
For the period ended Jul 31, 2026. Filed Sep 10, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2026 · Filed Sep 10, 2026
VECA$10.09+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheets (Unaudited)
CONDENSED BALANCE SHEETS
| July 31, 2026 (Unaudited) | January 31, 2026 | |
|---|---|---|
| Assets: | ||
| Current Assets | ||
| Cash | $669,644 | $61,587 |
| Prepaid expense | 93,840 | - |
| Total Current Assets | 763,484 | 61,587 |
| Deferred offering costs | - | 274,108 |
| Investments held in Trust Account | 101,332,568 | - |
| Total Assets | $102,096,052 | $335,695 |
| Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Equity (Deficit) | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $41,764 | $83,620 |
| Promissory note – related party | - | 300,000 |
| Total Current Liabilities | 41,764 | 383,620 |
| Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 10,000,000 shares subject to possible redemption | 101,332,568 | - |
| Shareholders’ Equity (Deficit) | ||
| Ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 2,851,250 (1)(2) shares and 2,875,000 (1) shares issued and outstanding as of July 31, 2026 and January 31, 2026, respectively (excluding 10,000,000 shares and 0 shares subject to possible redemption as of July 31, 2026 and January 31, 2026, respectively) | 285 | 287 |
| Additional paid-in capital | 207,660 | 24,713 |
| Retained earnings (Accumulated deficit) | 513,775 | (72,925) |
| Total Shareholders’ Equity (Deficit) | 721,720 | (47,925) |
| Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Equity (Deficit) | $102,096,052 | $335,695 |
| (1) | Ordinary shares have been retroactively restated to reflect the issuance of 2,875,000 Founder Shares to the sponsors for $25,000 in March 2026, including an aggregate of up to 375,000 shares that were subject to forfeiture unless the over-allotment option was exercised in full or in part by the underwriters (see Note 5). |
| (2) | As a result of the underwriters not exercising the over-allotment option, 375,000 Founder Shares were forfeited for no consideration after the expiration of the option in June 2026. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.