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 Statements of Cash Flows (Unaudited)
UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
| For the Six Months Ended July 31, | For the Period From July 28, 2025 (Inception) Through July 31, | |
|---|---|---|
| 2026 | 2025 | |
| Cash Flows from Operating Activities: | ||
| Net income (loss) | $586,700 | $(4,193) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Interest earned on investments held in Trust Account | (832,568) | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (93,840) | — |
| Accounts payable and accrued expenses | 38,144 | 4,193 |
| Net cash used in operating activities | (301,564) | — |
| Cash Flows from Investing Activities: | ||
| Investment of cash in Trust Account | (100,500,000) | — |
| Net cash used in investing activities | (100,500,000) | — |
| Cash Flows from Financing Activities: | ||
| Proceeds from sale of Public Units | 100,000,000 | — |
| Payment of underwriting commissions | (517,500) | — |
| Proceeds from sale of Private Placement Units | 2,512,500 | — |
| Payment of offering costs | (285,379) | — |
| Repayment of promissory note - related party | (300,000) | — |
| Net cash provided by financing activities | 101,409,621 | — |
| Net Change in Cash | 608,057 | — |
| Cash – Beginning of period | 61,587 | — |
| Cash – End of period | $669,644 | $— |
| Non-Cash investing and financing activities: | ||
| Accretion of carrying value to redemption value of redeemable ordinary shares | $5,539,313 | $— |
| Fair value of Representative Shares included in deferred offering costs | $156,000 | $— |
| Remeasurement of carrying value to redemption value (Trust interest) | $832,568 | $— |
| Deferred offering costs paid through the issuance of ordinary shares to the sponsors | $— | $25,000 |
| Deferred offering costs paid through promissory note—related party | $— | $70,000 |
| Deferred offering costs in accrued offering costs and expenses | $— | $59,984 |
| Prepaid expenses paid through promissory note—related party | $— | $18,000 |
The accompanying notes are an integral part of the unaudited condensed financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.