White Pearl Acquisition Corp. (WPAC)

White Pearl Acquisition Corp. is a special purpose acquisition company, or blank-check company. Its Class A ordinary shares trade on the New York Stock Exchange. It was created to raise money through an initial public offering and then merge with, or acquire, one or more operating businesses.

The company has no operations of its own before a business combination, and the offering proceeds are generally kept in a trust account. Its SEC filings set out its target industries and the terms of any announced deal.