Vernal Capital Acquisition, a blank check company targeting businesses in the APAC region, filed on Tuesday with the SEC to raise up to $60 million in an initial public offering.
The company plans to raise $60 million by offering 6 million units at a price of $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
Vernal Capital Acquisition is led by CEO and Chairman Jun Du, the founder and CEO of Vernal and ABCDE Capital, and the co-founder of Chainup Technic. He is joined by CFO and Director Binghan Yi, who previously served as head of existing portfolio management at Munich Re. The SPAC plans to focus on companies located in China, including Hong Kong and Macau.
The Singapore-based company was founded in 2025 and plans to list on the Nasdaq under the symbol VECAU. Vernal Capital Acquisition filed confidentially on August 21, 2025. D. Boral Capital is the sole bookrunner on the deal.
