WPAC · White Pearl Acquisition Corp. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“In connection with the Company’s assessment of going concern considerations in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification Subtopic 205-40, “Presentation of Financial Statements - Going Concern,” management has determined that the mandatory liquidation, should a business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern.”View the 10-Q filed Nov 6, 2026
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Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-02-03 | White Pearl Group Ltd |
10% Owner |
Buy↑
Filing footnotes — Class A ordinary shares (Direct)
Reflects the 290,000 units owned by White Pearl Group Limited, the Issuer's sponsor. Each unit consists of one Class A ordinary shares and one right to receive one-fifth (1/5) of one Class A ordinary share upon consummation of the Issuer's initial business combination. The units were purchased at $10.00 per unit for an aggregate purchase price of $2,900,000. Mr. Yun Chen has sole voting and dispositive power over our securities held by the sponsor. |
Class A ordinary shares
|
290,000 |
| 2026-02-03 | White Pearl Group Ltd |
10% Owner |
Buy↑
Filing footnotes — Rights to receive Class A ordinary shares (Direct)
The rights convert automatically into Class A ordinary shares at the completion of the Issuer's initial business combination. Reflects the 290,000 units owned by White Pearl Group Limited, the Issuer's sponsor. Each unit consists of one Class A ordinary shares and one right to receive one-fifth (1/5) of one Class A ordinary share upon consummation of the Issuer's initial business combination. The units were purchased at $10.00 per unit for an aggregate purchase price of $2,900,000. Mr. Yun Chen has sole voting and dispositive power over our securities held by the sponsor. |
Rights to receive Class A ordinary shares
|
290,000 |