White Pearl Acquisition, a blank check company targeting fintech and infotech, raised the proposed deal size for its upcoming IPO on Friday.
The New York, NY-based company now plans to raise $100 units by offering 10 million at a price of $10. Each unit consists of one share of common stock and one right to one-fifth of one share upon the completion of an initial business combination. At the revised deal size, White Pearl Acquisition will raise 100% more in proceeds than previously anticipated.
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; +58% 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.
White Pearl Acquisition was founded in 2025 and plans to list on the NYSE under the symbol WPACU. D. Boral Capital is the sole bookrunner on the deal.
