{"url_path":"/sec/veca/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-06-12","source_url":"https://www.sec.gov/Archives/edgar/data/2081690/0001213900-26-068311-index.html","accession_number":"0001213900-26-068311","cik":"0002081690","ticker":"VECA","issuer_name":"Vernal Capital Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2081690/0001213900-26-068311-index.html","primary_entity_key":"0002081690","primary_entity_name":"Vernal Capital Acquisition 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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, DC 20549\n\n \n\nFORM 10-Q\n\n \n\n☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended April 30, 2026\n\n \n\nOR\n\n \n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from ___________ to __________\n\n \n\nCommission File Number: 001-43269\n\n \n\nVernal Capital Acquisition Corp.\n\n(Exact name of registrant as specified in its charter)\n\n \n\nCayman Islands N/A\n\n(State or other jurisdiction of\n \n(IRS Employer\n\nincorporation or organization)\n \nIdentification Number)\n\n \n\n244 Fifth Avenue, Suite #1845\n\nNew York, NY 10001\n 10001\n\n(Address of principal executive offices)\n \n(Zip code)\n\n \n\n+65 9328 8727\n\n(Issuer’s telephone number including area\ncode)\n\n \n\nN/A\n\n(Former name, former address and former fiscal\nyear, if changed since last report)\n\n \n\nSecurities registered pursuant to Section 12(b)\nof the Act:\n\n \n\nTitle of each class\n \nTrading symbol(s)\n \nName of each exchange on which registered\n\nUnits, each consisting of one ordinary share and one right VECAU The New York Stock Exchange\n\nOrdinary Shares, par value $0.0001 per share  VECA The New York Stock Exchange\n\nRights, each entitling the holder to one-fourth of one ordinary share upon the completion of the Company’s initial business combination  VECAR The New York Stock Exchange\n\n \n\nIndicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒   No ☐\n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒   No ☐\n\n \n\nIndicate by check mark whether the registrant\nis a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large\naccelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”\nin Rule 12b-2 of the Exchange Act:\n\n \n\nLarge accelerated filer\n☐\nAccelerated filer\n☐\n\nNon-accelerated filer ☒Smaller reporting company ☒\n\n  Emerging growth company ☒\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒  No ☐\n\n \n\nAs of June 12, 2026, the registrant had 13,226,250 ordinary shares, par value $0.0001 per share.\n\n \n\n \n\n \n\n  \n\nINDEX\n \n \n\n \n \n \n\n[Part I - Financial Information](#a_001)\n \n1\n\n \n \n \n\n[Item 1 - Financial Statements](#a_002)\n \n1\n\n \n \n \n\n[Balance Sheet (Unaudited) ](#a_003)\n \n1\n\n \n \n \n\n[Statements of Operations (Unaudited)](#a_004)\n \n2\n\n \n \n \n\n[Statement of Changes in Shareholders’ Deficit (Unaudited)](#a_005)\n \n3\n\n \n \n \n\n[Statement of Cash Flows (Unaudited)](#a_006)\n \n4\n\n \n \n \n\n[Notes to Unaudited Financial Statements](#a_007)\n \n5\n\n \n \n \n\n[Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations](#a_008)\n \n16\n\n \n \n \n\n[Item 3 - Quantitative and Qualitative Disclosures About Market Risk](#a_009)\n \n18\n\n \n \n \n\n[Item 4 - Controls and Procedures](#a_010)\n \n18\n\n \n \n \n\n[Part II - Other Information](#a_011)\n \n20\n\n \n \n \n\n[Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds](#a_014)\n \n20\n\n \n \n \n\n[Item 5 - Other Information](#a_017)\n \n20\n\n \n \n \n\n[Item 6 - Exhibits](#a_018)\n \n21\n\n \n \n \n\n[Signatures](#a_019)\n \n22\n\n \n\ni\n\n \n\nPart I - Financial Information"}