White Pearl Acquisition, a blank check company targeting fintech and infotech, filed on Thursday with the SEC to raise up to $50 million in an initial public offering.
The company plans to raise $50 million by offering 5 million units at a price of $10. Each unit consists of one share of common stock and one right to one-tenth of one share upon the completion of an initial business combination.
White Pearl Acquisition is led by CEO, CFO, and Chairman Naphat Sirimongkolkasem, who previously co-founded and led Collis Capital. He has prior blank check experience, serving as CFO of Blue Safari Group Acquisition until its combination with Bitdeer Technologies Group (BTDR; +159% from $10 offer price) in 2023.
White Pearl Acquisition plans to target businesses that are in the financial technology, information technology, and business services sectors.
The Hong Kong-based company was founded in 2025 and plans to list on the Nasdaq under the symbol WPACU. D. Boral Capital is the sole bookrunner on the deal.
