WF Holding: Orca Capital reports 9.9% passive stake

The ownership percentage is measured against post-offering shares, while the common warrants are subject to a 9.99% exercise blocker.

Rhea-AI Filing Summary

For WF Holding Ltd, Orca Capital reported beneficial ownership of 6,468,505 ordinary shares, or 9.9%, with sole voting and dispositive power over those shares. The percentage is based on 62,869,934 ordinary shares outstanding immediately after completion of the registered offering, as described in the prospectus supplement filed October 15, 2026. The calculation excludes 36,000,000 ordinary shares issuable upon exercise of 4,000,000 common warrants. Under the 9.99% Blocker, Orca Capital cannot exercise warrants to the extent that doing so would put its beneficial ownership above 9.99% of outstanding ordinary shares. Thomas Konig signed as Director.

Key Figures

Beneficial ownership: 6,468,505 ordinary shares Percent of class: 9.9% Ordinary shares outstanding: 62,869,934 ordinary shares +3 more

6 metrics

Beneficial ownership 6,468,505 ordinary shares Orca Capital's reported amount

Percent of class 9.9% Orca Capital's reported beneficial ownership

Ordinary shares outstanding 62,869,934 ordinary shares Immediately after giving effect to completion of the registered offering

Shares issuable under common warrants 36,000,000 ordinary shares Excluded from the ownership calculation

Common warrants 4,000,000 warrants Shares issuable upon exercise are subject to the 9.99% Blocker

9.99% Blocker 9.99% Beneficial ownership threshold restricting warrant exercise

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power, 9.99% Blocker

4 terms

beneficially owned regulatory

"Amount beneficially owned: 6,468,505"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power regulatory

"Sole Voting Power 6,468,505.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power regulatory

"Sole Dispositive Power 6,468,505.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

9.99% Blocker regulatory

"the 9.99% Blocker"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many WFF shares does Orca Capital beneficially own?

Orca Capital reported beneficial ownership of 6,468,505 WF Holding Ltd ordinary shares, or 9.9%, with sole voting and dispositive power over those shares.

How many WFF shares are issuable under the warrants excluded from Orca Capital's ownership calculation?

36,000,000 ordinary shares are issuable upon exercise of 4,000,000 common warrants and are excluded from the ownership calculation. The warrants are subject to a 9.99% Blocker.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/21/2026 - 05:00 PM EDT Accepted by SEC EDGAR 10/21/2026 - 05:00 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

WF Holding Limited

(Name of Issuer)

Ordinary Shares, par value $0.00025 per share

(Title of Class of Securities)

G9627R107

(CUSIP Number)

10/14/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G9627R107

1

Names of Reporting Persons

Orca Capital AG

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

GERMANY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,468,505.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,468,505.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,468,505.00

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)

9.9 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: All ownership percentages set forth in this Schedule 13G are calculated based upon an aggregate of 62,869,934 ordinary shares outstanding immediately after giving effect to the completion of the Issuer's registered offering as provided in the Issuer's Prospectus Supplement filed pursuant to Rule 424(b)(5) with the Securities and Exchange Commission on October 15, 2026, and excludes 36,000,000 ordinary shares issuable upon the exercise of 4,000,000 common warrants, subject to the 9.99% Blocker (defined below). Pursuant to the terms of the common warrants, the Reporting Person cannot exercise any of the common warrants to the extent the Reporting Person would beneficially own, after any such exercise, more than 9.99% of the Issuer's outstanding ordinary shares (the "9.99% Blocker").

SCHEDULE 13G

Item 1.
(a)	Name of issuer: WF Holding Limited
(b)	Address of issuer's principal executive offices: Lot 3893, Jalan 4D, Kg. Baru Subang, Seksyen U6, 40150 Shah Alam, Selangor, Malaysia
Item 2.
(a)	Name of person filing: Orca Capital AG
(b)	Address or principal business office or, if none, residence: Sperlring 2 85276 Hettenshausen Deutschland
(c)	Citizenship: Germany
(d)	Title of class of securities: Ordinary Shares, par value $0.00025 per share
(e)	CUSIP Number(s): G9627R107
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: 6,468,505
(b)	Percent of class: 9.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6,468,505
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6,468,505
	(iv) Shared power to dispose or to direct the disposition of: 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.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
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 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.

Orca Capital AG

Signature:	/s/ Thomas Konig
Name/Title:	Thomas Konig/Director
Date:	10/21/2026