[SCHEDULE 13G/A] Oak Woods Acquisition Corporation Unit SEC Filing

Rhea-AI Filing Summary

First Trust entities reported significant holdings in Oak Woods Acquisition Corp (Class A Ordinary Shares). First Trust Merger Arbitrage Fund (VARBX) disclosed beneficial ownership of 505,710 shares (14.14%), while First Trust Capital Management L.P., First Trust Capital Solutions L.P. and FTCS Sub GP LLC collectively reported 526,103 shares (14.71%). The filing states these holdings are held in client accounts and that FTCM has authority to purchase, vote and dispose of the shares on behalf of those accounts. The registrants certify the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing includes principal business addresses for the reporting persons and is a joint filing under Schedule 13G/A.

Positive

• Clear disclosure of substantial holdings with exact share counts and percentages (505,710 shares / 14.14% and 526,103 shares / 14.71%)
• Certification of passive intent stating the shares are held in the ordinary course of business and not to change or influence control
• Joint filing and identification of reporting persons with principal business addresses, improving transparency for investors

Negative

• None.

Insights

Securities Analyst

TL;DR: Two First Trust reporting persons disclose substantial passive stakes of ~14% each, indicating notable shareholder positions but no stated control intent.

The Schedule 13G/A shows meaningful beneficial ownership levels: VARBX at 505,710 shares (14.14%) and FTCM/FTCS/Sub GP at 526,103 shares (14.71%). These positions are reported as held in client accounts with FTCM exercising investment authority. The filing follows the passive investor disclosure framework and includes a certification that the stakes are not intended to influence control. For investors, the key material facts are the absolute share counts and percentages disclosed; there is no accompanying statement of activism or plans to change governance. The mechanics of voting and disposition are reported as sole powers held by the reporting persons for the shares disclosed.

Corporate Governance Expert

TL;DR: Large disclosed holdings approach influence thresholds but the filing explicitly denies intent to affect control.

The registrants provide clear identification, ownership breakdown and confirm sole voting and dispositive power over the reported shares. The filing specifies that FTCS and Sub GP may be deemed to control FTCM but they do not hold shares for their own accounts. Important governance details are present: ownership percentages (14.14% and 14.71%), sole voting/dispositive powers, and a joint filing agreement. No statement of plans to nominate directors or pursue control is included, and the filing uses Schedule 13G/A consistent with passive investor status.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Oak Woods Acquisition Corp

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001 per share ("Ordinary Shares")

(Title of Class of Securities)

67190B104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 67190B104

1

Names of Reporting Persons

First Trust Merger Arbitrage Fund

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 505,710.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 505,710.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

505,710.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.14 %

12

Type of Reporting Person (See Instructions)

IV

SCHEDULE 13G

CUSIP No. 67190B104

1

Names of Reporting Persons

First Trust Capital Management L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 526,103.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 526,103.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

526,103.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.71 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 67190B104

1

Names of Reporting Persons

First Trust Capital Solutions L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 526,103.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 526,103.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

526,103.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.71 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 67190B104

1

Names of Reporting Persons

FTCS Sub GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 526,103.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 526,103.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

526,103.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.71 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Oak Woods Acquisition Corp
(b)	Address of issuer's principal executive offices: 101 Roswell Drive, Nepean, Ontario K2J 0H5, Canada
Item 2.
(a)	Name of person filing: This Schedule 13G/A is being filed jointly by First Trust Merger Arbitrage Fund ("VARBX"), First Trust Capital Management L.P. ("FTCM"), First Trust Capital Solutions L.P. ("FTCS") and FTCS Sub GP LLC ("Sub GP"). (1) VARBX, a series of Investment Managers Series Trust II, an investment company registered under the Investment Company Act of 1940. (2) FTCM, an investment adviser registered with the SEC that provides investment advisory services to, among others, (i) series of Investment Managers Series Trust II, an investment company registered under the Investment Company Act of 1940, specifically First Trust Multi-Strategy Fund and VARBX and (ii) Highland Capital Management Institutional Fund II, LLC, a Delaware limited liability company (collectively, the "Client Accounts"). (3) FTCS, a Delaware limited partnership and control person of FTCM. (4) Sub GP, a Delaware limited liability company and control person of FTCM. Each of the persons identified herein is referred to as a "Reporting Person" and, collectively, as the "Reporting Persons." Each of the Reporting Persons is a party to that certain Joint Filing Agreement attached hereto.
(b)	Address or principal business office or, if none, residence: The principal business address of FTCM, FTCS and Sub GP is 225 W. Wacker Drive, 21st Floor, Chicago, IL 60606. The principal business address of VARBX is 235 West Galena Street, Milwaukee, WI 53212.
(c)	Citizenship: United States
(d)	Title of class of securities: Class A Ordinary Shares, par value $0.0001 per share ("Ordinary Shares")
(e)	CUSIP No.: 67190B104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As investment adviser to the Client Accounts, FTCM has the authority to invest the funds of the Client Accounts in securities (including Ordinary Shares of Oak Woods Acquisition Corp (the Issuer)) as well as the authority to purchase, vote and dispose of securities, and may thus be deemed the beneficial owner of any shares of the Issuer's Ordinary Shares held in the Client Accounts. As of June 30, 2025 VARBX owned 505,710 shares of the outstanding Ordinary Shares of the Issuer FTCM, FTCS and Sub GP collectively owned 526,103 shares of the outstanding Ordinary Shares of the Issuer. FTCS and Sub GP may be deemed to control FTCM and therefore may be deemed to be beneficial owners of the Ordinary Shares reported in this Schedule 13G/A. No one individual controls FTCS or Sub GP. FTCS and Sub GP do not own any Ordinary Shares of the Issuer for their own accounts.
(b)	Percent of class: VARBX: 14.14% FTCM, FTCS and Sub GP: 14.71%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: VARBX: 505,710 FTCM, FTCS and Sub GP: 526,103
	(ii) Shared power to vote or to direct the vote: VARBX: 0 FTCM, FTCS and Sub GP: 0
	(iii) Sole power to dispose or to direct the disposition of: VARBX: 505,710 FTCM, FTCS and Sub GP: 526,103
	(iv) Shared power to dispose or to direct the disposition of: VARBX: 0 FTCM, FTCS and Sub GP: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 4.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 2.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

First Trust Merger Arbitrage Fund

Signature:	/s/ Joy Ausili
Name/Title:	Trustee, Vice President and Assistant Secretary
Date:	08/14/2025

First Trust Capital Management L.P.

Signature:	/s/ Chad Eisenberg
Name/Title:	Chief Operating Officer
Date:	08/14/2025

First Trust Capital Solutions L.P.

Signature:	/s/ Chad Eisenberg
Name/Title:	Chief Operating Officer
Date:	08/14/2025

FTCS Sub GP LLC

Signature:	/s/ Chad Eisenberg
Name/Title:	Chief Operating Officer
Date:	08/14/2025

Exhibit Information

Exhibit I: Joint Filing Statement

FAQ

How many Oak Woods Acquisition Corp (OAKUU) shares does First Trust Merger Arbitrage Fund report owning?

First Trust Merger Arbitrage Fund reported owning 505,710 shares, representing 14.14% of the class.

What percentage of OAKUU does First Trust Capital Management and affiliated entities report owning?

First Trust Capital Management L.P., First Trust Capital Solutions L.P. and FTCS Sub GP LLC collectively reported 526,103 shares, representing 14.71% of the class.

Do the First Trust reporting persons state an intent to influence control of Oak Woods Acquisition Corp?

No. The filing includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired or held to change or influence control of the issuer.

Who has voting and dispositive power over the reported shares?

The filing reports that the reporting persons have sole voting power and sole dispositive power for the shares disclosed (505,710 for VARBX; 526,103 for FTCM/FTCS/Sub GP).

Where are the principal business addresses for the reporting persons?

FTCM, FTCS and Sub GP list their address as 225 W. Wacker Drive, 21st Floor, Chicago, IL 60606; VARBX lists 235 West Galena Street, Milwaukee, WI 53212.