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 Changes in Shareholders’ Equity (Deficit) (Unaudited)
UNAUDITED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
FOR THE THREE AND SIX MONTHS ENDED JULY 31, 2026
| Ordinary Shares · Additional · Accumulated (Deficit) · Total | |||||
|---|---|---|---|---|---|
| Shares(1) | Amount | Paid-in Capital | Retained Earnings | Shareholders’ Equity | |
| Balance – January 31, 2026 | 2,875,000 | $287 | $24,713 | $(72,925) | $(47,925) |
| Net loss | - | - | - | (25,515) | (25,515) |
| Balance–April 30, 2026 | 2,875,000 | $287 | $24,713 | $(98,440) | $(73,440) |
| Ordinary shares forfeited(2) | (375,000) | (37) | 37 | - | - |
| Issuance of Private Placement Units | 251,250 | 25 | 2,512,475 | - | 2,512,500 |
| Issuance of Representative Shares | 100,000 | 10 | 155,990 | - | 156,000 |
| Issuance of Public Rights, net of issuance costs | - | - | 3,751,046 | - | 3,751,046 |
| Reversal of over-allotment option | - | - | 135,280 | - | 135,280 |
| Accretion of carrying value of ordinary shares subject to possible redemption to redemption value | - | - | (5,539,313) | - | (5,539,313) |
| Remeasurement of carrying value to redemption value (trust interest) | - | - | (832,568) | - | (832,568) |
| Net income | - | - | - | 612,215 | 612,215 |
| Balance – July 31, 2026 (Unaudited) | 2,851,250 | $285 | $207,660 | $513,775 | $721,720 |
FOR THE PERIOD FROM JULY 28, 2025 (INCEPTION) THROUGH JULY 31, 2025
| Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’ | ||||||
|---|---|---|---|---|---|---|
| Shares(1) · Amount · Capital · Deficit · Equity | ||||||
| Balance–July 28, 2025 (Inception) | 2,875,000 | $287 | $24,713 | $ | - | $25,000 |
| Net loss | - | - | - | (4,193) | (4,193) | |
| Balance–July 31, 2025 | 2,875,000 | $287 | $24,713 | $(4,193) | $20,807 | |
| (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.