Vernal Capital Acquisition swings to FY26 Q2 net income of USD 612,215
VECA•FY26 Q2 results
Vernal Capital Acquisition posted net income of $612,215 for the three months ended July 31, 2026.
Interest income totaled $837,298, including $832,568 from Trust Account investments. Operating loss came in at $225,083, reflecting ongoing costs tied to formation, the IPO, and target evaluation.
Cash position and going concern
Cash was $669,644, with working capital of $721,720. Trust Account cash and investments stood at $101.33 million.
Management flagged substantial doubt about going concern as the SPAC must complete a deal by Aug. 7, 2027.
