Fintech and infotech-focused SPAC White Pearl Acquisition doubles units offered ahead of $100 million IPO
February 2, 2026 News
SPAC White Pearl Acquisition prices $100 million US IPO, targeting fintech and infotech
White Pearl Acquisition, a blank check company led by a Hong Kong executive targeting fintech and infotech, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one right to receive one-fifth of a share upon the consummation of an initial business combination. The SPAC had originally filed to raise $50 million in October, before upping the proposed deal size in January.
IPO Overview
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.
About the Company
We are a blank check company incorporated in the British Virgin Islands as a business company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. Although there is no restriction or limitation on what industry or geographic region our target operates in, it is our intention to pursue prospective targets that are in the financial technology （FinTech）， information technology （InfoTech） and business services sectors, which we believe have an optimistic growth trajectory for the coming years. We also intend to focus on prospective target businesses that have potential for revenue growth and/or operating margin expansion with recurring revenue and cash flow, and strong market positions within their industries. /We will primarily seek to acquire one or more growth businesses with a total enterprise value of between $100,000,000 and $600,000,000. We believe the experience and contacts of our management team will give us distinct advantages in sourcing, structuring and consummating acquisition transactions. Our management and director team has experience ranging from the legal and capital markets sector, as well as data analytics, finance and entrepreneurship.