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Loeb represented White Pearl Acquisition Corp., a special purpose acquisition company targeting the fintech, Infotech and business services sectors, in connection with its $115 million initial public offering.
The offering was for 11,500,000 units at an offering price of $10.00 per unit, including the exercise in full of the over-allotment option by the underwriters. Each unit consists of one Class A ordinary share and one right. Each right entitles the holder to receive one-fifth of one Class A ordinary share upon consummation of the company's initial business combination. The units began trading on the New York Stock Exchange under the ticker symbol "WPACU" on Feb. 2, 2026, and closed on Feb. 3.
Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to trade on the New York Stock Exchange under the symbols "WPAC" and "WPACR," respectively.
The Loeb team included Giovanni Caruso, co-chair of the firm’s SPACs practice, and Capital Markets partner Jane Tam.
For more information, please see White Pearl Acquisition Corp.’s press release.
The offering was for 11,500,000 units at an offering price of $10.00 per unit, including the exercise in full of the over-allotment option by the underwriters. Each unit consists of one Class A ordinary share and one right. Each right entitles the holder to receive one-fifth of one Class A ordinary share upon consummation of the company's initial business combination. The units began trading on the New York Stock Exchange under the ticker symbol "WPACU" on Feb. 2, 2026, and closed on Feb. 3.
Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to trade on the New York Stock Exchange under the symbols "WPAC" and "WPACR," respectively.
The Loeb team included Giovanni Caruso, co-chair of the firm’s SPACs practice, and Capital Markets partner Jane Tam.
For more information, please see White Pearl Acquisition Corp.’s press release.
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Partner and Co-Chair, SPACs -
Partner