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 Operations (Unaudited)
UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
| For the Three Months Ended July 31, · For the Period From July 28, 2025 (Inception) Through July 31, · For the Six Months Ended July 31 | ||||
|---|---|---|---|---|
| 2026 · 2025 · 2026 | ||||
| General and administrative expenses | $225,083 | $4,193 | $250,598 | |
| Loss from operations | (225,083) | (4,193) | (250,598) | |
| Other income: | ||||
| Interest income – Trust | 832,568 | - | 832,568 | |
| Interest income – Bank | 4,730 | - | 4,730 | |
| Total other income | 837,298 | - | 837,298 | |
| Net income (loss) | $612,215 | $(4,193) | $586,700 | |
| Basic and diluted weighted average shares outstanding, ordinary shares subject to redemption | 9,239,130 | - | 4,696,133 | |
| Basic and diluted net income per share, ordinary shares subject to redemption | $0.05 | $ | - | $0.08 |
| Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares(1)(2) | 2,824,524 | 2,500,000 | 2,664,952 | |
| Basic and diluted net income (loss) per share, non-redeemable ordinary shares | $0.05 | $(0.00) | $0.08 | |
| (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. All share and per-share amounts presented give retroactive effect to this forfeiture. |
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