White Pearl Acquisition Corp. Class A Ordinary Shares (WPAC)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett/Graham investor, I start with business quality. White Pearl Acquisition Corp. is a blank-check shell incorporated in 2025; it has no significant operations, no revenue, and no competitive moat. What we have are filing figures: in fiscal Q1 2026, the quarter ended 2026-03-31, net income was $547,961, and in fiscal Q2 2026, the quarter ended 2026-06-30, net income was $747,372. That income likely reflects interest on trust assets, not operating profit, and cannot be extrapolated. Financial health is mixed: debt-to-equity is low at 0.10, but trailing free cash flow is -$624,208, and the Piotroski F-score is only 2/9. The Altman Z-score of 349.60 is not meaningful for a shell. Valuation is the real problem. At the 2026-10-16 close of $10.09, market cap is $155.9M and price-to-book is 100.90, a FairStock calculation, meaning buyers pay roughly 101 times accounting book value. The 52-week range is $9.82 to $11.89, so the shares sit near the low end but still at a huge premium to book. Growth is not measurable; the company lacks three years of filed results, so the computed Lynch category is none. This is not a business with a durable moat or predictable earnings; it is a capital pool awaiting a deal. I would demand a clear merger target, transparent trust value, and deal terms that leave upside for public shareholders. Until then, the price is speculation, not investment.

In plain English: White Pearl Acquisition Corp. is a shell company formed to merge with or acquire another business; it has no real operations or revenue yet. It reported net income of $747,372 in fiscal Q2 2026 (the quarter ended 2026-06-30) and $547,961 in fiscal Q1 2026 (the quarter ended 2026-03-31), but its history is very short. At $10.09 per share, the price looks very high versus the value of its net assets on the books, so it is expensive on that measure.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer