First Trust funds disclose near-8% Voyager Acquisition Corp. (VACH) stake

Rhea-AI Filing Summary

Voyager Acquisition Corp. received an amended Schedule 13G/A from several First Trust entities reporting significant stakes in its Class A Ordinary Shares. As of December 31, 2025, First Trust Merger Arbitrage Fund (VARBX) beneficially owned 1,808,801 shares, representing 7.15% of the class.

First Trust Capital Management L.P., First Trust Capital Solutions L.P. and FTCS Sub GP LLC were each reported as beneficial owners of 2,085,947 shares, or 8.24% of the class, with sole voting and dispositive power and no shared authority. The shares are held in client accounts, and the filers state they acquired and hold them in the ordinary course of business, not to change or influence control of the company.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Voyager Acquisition Corp./Cayman Islands

(Name of Issuer)

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

(Title of Class of Securities)

G93A7H104

(CUSIP Number)

12/31/2025

(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. G93A7H104

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 1,808,801.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,808,801.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,808,801.00

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)

7.15 %

12

Type of Reporting Person (See Instructions)

IV

SCHEDULE 13G

CUSIP No. G93A7H104

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 2,085,947.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,085,947.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,085,947.00

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)

8.24 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. G93A7H104

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 2,085,947.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,085,947.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,085,947.00

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)

8.24 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. G93A7H104

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 2,085,947.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,085,947.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,085,947.00

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)

8.24 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Voyager Acquisition Corp./Cayman Islands
(b)	Address of issuer's principal executive offices: C/O WINSTON & STRAWN LLP, 800 CAPITOL ST., STE 2400, HOUSTON, TX, 77002
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, as amended. (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, (ii) First Trust Alternative Opportunities Fund, an investment company registered under the Investment Company Act of 1940 and (iii) 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 Statement 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.: G93A7H104
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 Voyager 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 December 31, 2025 VARBX owned 1,808,801 shares of the outstanding Ordinary Shares of the Issuer FTCM, FTCS and Sub GP collectively owned 2,085,947 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: 7.15% FTCM, FTCS and Sub GP: 8.24%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: VARBX: 1,808,801 FTCM, FTCS and Sub GP: 2,085,947
	(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: 1,808,801 FTCM, FTCS and Sub GP: 2,085,947
	(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.
	Not Applicable
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:	02/13/2026

First Trust Capital Management L.P.

Signature:	/s/ Chad Eisenberg
Name/Title:	Chief Operating Officer
Date:	02/13/2026

First Trust Capital Solutions L.P.

Signature:	/s/ Chad Eisenberg
Name/Title:	Chief Operating Officer
Date:	02/13/2026

FTCS Sub GP LLC

Signature:	/s/ Chad Eisenberg
Name/Title:	Chief Operating Officer
Date:	02/13/2026

Exhibit Information

Exhibit I: Joint Filing Statement

FAQ

What does the Schedule 13G/A filing reveal about Voyager Acquisition Corp. (VACH)?

The filing shows institutional investors affiliated with First Trust hold sizeable stakes in Voyager Acquisition Corp. Class A Ordinary Shares. It discloses share counts, ownership percentages, and voting power as of December 31, 2025, clarifying who controls these positions.

How many Voyager Acquisition Corp. (VACH) shares does First Trust Merger Arbitrage Fund own?

First Trust Merger Arbitrage Fund (VARBX) beneficially owns 1,808,801 Class A Ordinary Shares of Voyager Acquisition Corp. This represents 7.15% of the outstanding class, with sole voting and dispositive power over all of those reported shares.

What percentage of Voyager Acquisition Corp. (VACH) does First Trust Capital Solutions report?

First Trust Capital Solutions L.P. reports beneficial ownership of 2,085,947 Class A Ordinary Shares of Voyager Acquisition Corp. This stake equals 8.24% of the class, with sole authority to vote and dispose of the reported shares and no shared power.

Are First Trust entities seeking control of Voyager Acquisition Corp. (VACH)?

The reporting persons certify the Voyager shares were acquired and are held in the ordinary course of business. They state the holdings were not acquired to change or influence control of Voyager Acquisition Corp. and are not part of any such control-focused transaction.

Who are the reporting persons in the Voyager Acquisition Corp. (VACH) Schedule 13G/A?

The filing lists four reporting persons: First Trust Merger Arbitrage Fund (VARBX), First Trust Capital Management L.P., First Trust Capital Solutions L.P. and FTCS Sub GP LLC. Each reports beneficial ownership and related voting and dispositive powers over Voyager’s Class A Ordinary Shares.

What voting power do the First Trust entities have over Voyager Acquisition Corp. (VACH) shares?

The Schedule 13G/A states the reporting persons have sole voting and dispositive power over their Voyager shares. VARBX controls 1,808,801 shares, while the other First Trust entities each report sole power over 2,085,947 shares, with no shared voting or dispositive authority.