WPAC is a blank check company structured as a special purpose acquisition company (SPAC) that completed its initial public offering on February 3, 2026, raising $115,000,000 through the sale of 11,500,000 Class A ordinary shares at $10.00 per unit. Each unit includes one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share upon completion of a business combination. The company holds IPO proceeds in a Trust Account invested in U.S. Treasury Bills with maturities of 185 days or less. As of March 31, 2026, the Trust Account held $115,627,232, including approximately $627,232 of interest income. The company has no operating revenue. Its sole purpose is to identify, evaluate, and complete an acquisition of one or more target businesses. Outside the Trust Account, the company held $1,974,500 in cash as of March 31, 2026, earmarked for deal sourcing and due diligence expenses.
IPO units consisting of Class A ordinary shares and rights to receive fractional shares upon business combination completion. Private Placement Units raising $2,900,000 alongside the IPO (Q1 2026).
No operating revenue. Income is limited to interest earned on Trust Account assets, which are U.S. Treasury Bills. Interest may be withdrawn from the Trust Account to pay taxes. All substantive capital is reserved for a future business combination.
No customers or end markets. The company is pre-combination with no operating business as of March 31, 2026.
Incorporated as a Cayman Islands entity based on Class A ordinary share structure disclosed in the 10-Q filed 2026-05-11. No operating geographic footprint disclosed.
Source: SEC 10-Q, filed 2026-05-11
Financial snapshot data is not available right now.
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