White Pearl holder reports over 5% ownership stake

White Pearl Acquisition Corp. received a Schedule 13G reporting significant holdings in its Class A ordinary shares by affiliated investment advisers.

Rhea-AI Filing Summary

White Pearl Acquisition Corp. received a Schedule 13G reporting significant holdings in its Class A ordinary shares by affiliated investment advisers. Westchester Capital Management, LLC reports beneficial ownership of 701,892 shares (5.93%), based on 11,833,125 shares outstanding as of May 11, 2026.

Westchester Capital Partners, LLC reports 3,432 shares (0.03%), while Virtus Investment Advisers, LLC reports 644,305 shares (5.44%). Voting and dispositive power over most of these shares is shared, primarily between Westchester and Virtus, with smaller amounts held with sole authority by Westchester and Westchester Capital Partners.

Key Figures

Shares outstanding: 11,833,125 shares Westchester Capital Management holdings: 701,892 shares (5.93%) Virtus Investment Advisers holdings: 644,305 shares (5.44%) +3 more

6 metrics

Shares outstanding 11,833,125 shares Class A ordinary shares outstanding as of May 11, 2026

Westchester Capital Management holdings 701,892 shares (5.93%) Beneficial ownership of White Pearl Class A shares

Virtus Investment Advisers holdings 644,305 shares (5.44%) Beneficial ownership of White Pearl Class A shares

Westchester Capital Partners holdings 3,432 shares (0.03%) Beneficial ownership of White Pearl Class A shares

Westchester shared voting power 644,305 shares Shares with shared power to vote or direct the vote

Virtus shared voting power 644,305 shares Shares with shared voting and dispositive power

Key Terms

beneficially owned, shared voting power, dispositive power, Section 13(g)(3), +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned"

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.

shared voting power financial

"6 | Shared Voting Power 644,305.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power financial

"Sole Dispositive Power 57,587.00 8 | Shared Dispositive Power 644,305.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Section 13(g)(3) regulatory

"may be deemed to constitute a "group" for purposes of Section 13(g)(3)"

Schedule 13G regulatory

"Based on the foregoing and the relationships described herein, these parties may be deemed"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

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

What percentage of White Pearl Acquisition Corp (WPAC) is held by Westchester Capital Management?

Westchester Capital Management, LLC reports 5.93% beneficial ownership of White Pearl Acquisition Corp’s Class A shares, representing 701,892 shares. This percentage is calculated using 11,833,125 shares outstanding as of May 11, 2026, as reported by the company.

How many White Pearl Acquisition Corp (WPAC) shares does Virtus Investment Advisers own?

Virtus Investment Advisers, LLC reports beneficial ownership of 644,305 Class A shares of White Pearl Acquisition Corp, equal to 5.44% of the class. These shares are held with shared voting and dispositive power, primarily in client funds it advises.

What is the total share base used to calculate ownership percentages in this WPAC Schedule 13G?

All reported ownership percentages are based on 11,833,125 Class A shares outstanding as of May 11, 2026. This outstanding share figure comes from White Pearl Acquisition Corp’s Form 10-Q referenced by the reporting investment advisers in the Schedule 13G.

How much voting power over WPAC shares does Westchester Capital Management report?

Westchester Capital Management reports 57,587 shares with sole voting power and 644,305 shares with shared voting power in White Pearl Acquisition Corp. In total, it beneficially owns 701,892 Class A shares, reflecting its advisory role over multiple funds.

Who are the reporting persons in the White Pearl Acquisition Corp (WPAC) Schedule 13G?

The Schedule 13G is filed jointly by Westchester Capital Management, LLC, Westchester Capital Partners, LLC, and Virtus Investment Advisers, LLC. They describe themselves as registered investment advisers to various funds that directly hold WPAC Class A ordinary shares.

Does Westchester Capital Partners have a significant stake in White Pearl Acquisition Corp (WPAC)?

Westchester Capital Partners, LLC reports beneficial ownership of 3,432 Class A shares of White Pearl Acquisition Corp, representing 0.03% of the class. It has sole voting and dispositive power over these shares, a relatively small position compared to the other reporting entities.

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

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Available on EDGAR 08/14/2026 - 11:38 AM Accepted by SEC EDGAR 08/14/2026 - 11:38 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

White Pearl Acquisition Corp.

(Name of Issuer)

Class A ordinary shares, no par value

(Title of Class of Securities)

G96193100

(CUSIP Number)

06/30/2026

(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): G96193100

1

Names of Reporting Persons

Westchester Capital Management, 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 57,587.00
6	Shared Voting Power 644,305.00
7	Sole Dispositive Power 57,587.00
8	Shared Dispositive Power 644,305.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

701,892.00

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)

5.93 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: * Based on 11,833,125 Shares outstanding as of May 11, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 11, 2026.

SCHEDULE 13G

CUSIP Number(s): G96193100

1

Names of Reporting Persons

Westchester Capital Partners, 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 3,432.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,432.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,432.00

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)

0.03 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: * Based on 11,833,125 Shares outstanding as of May 11, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 11, 2026.

SCHEDULE 13G

CUSIP Number(s): G96193100

1

Names of Reporting Persons

Virtus Investment Advisers, 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 0.00
6	Shared Voting Power 644,305.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 644,305.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

644,305.00

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)

5.44 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: * Based on 11,833,125 Shares outstanding as of May 11, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 11, 2026. The amounts reported on this page are also included in the amounts reported by Westchester Capital Management, LLC on this Schedule 13G.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: White Pearl Acquisition Corp.
(b)	Address of issuer's principal executive offices: 244 Fifth Avenue, Suite #1835, New York, NY 10001
Item 2.
(a)	Name of person filing: This statement is being filed jointly by the following (each, a "Reporting Person," and collectively, the "Reporting Persons"): Westchester Capital Management, LLC ("Westchester"), a Delaware limited liability company, Westchester Capital Partners, LLC ("WCP"), a Delaware limited liability company, and Virtus Investment Advisers, LLC ("Virtus"), a Delaware limited liability company. Virtus, a registered investment adviser, serves as the investment adviser to The Merger Fund ("MF"), The Merger Fund VL ("MF VL"), Virtus Westchester Event-Driven Fund ("EDF") and Virtus Westchester Credit Event Fund ("CEF"). Westchester, a registered investment adviser, serves as sub-advisor to each of MF, MF VL, EDF, CEF, JNL/Westchester Capital Event Driven Fund ("JNL"), JNL Multi-Manager Alternative Fund ("JARB") and Principal Funds, Inc. - Global Multi-Strategy Fund ("PRIN"). WCP, a registered investment adviser, serves as investment adviser to Westchester Capital Master Trust ("Master Trust", together with MF, MF VL, EDF, CEF, JNL, JARB and PRIN, the "Funds"). The Funds directly hold Class A Ordinary Shares of the Company for the benefit of the investors in those Funds. Mr. Roy Behren and Mr. Michael T. Shannon each serve as Co-Presidents of Westchester. Westchester and WCP often make acquisitions in, and dispose of, securities of an issuer on the same terms and conditions and at the same time. Based on the foregoing and the relationships described herein, these parties may be deemed to constitute a "group" for purposes of Section 13(g)(3) of the Act. The filing of this statement shall not be construed as an admission that the Reporting Persons are a group, or have agreed to act as a group.
(b)	Address or principal business office or, if none, residence: Westchester Capital Management, LLC 100 Summit Lake Drive, Valhalla, NY 10595 Westchester Capital Partners, LLC 100 Summit Lake Drive, Valhalla, NY 10595 Virtus Investment Advisers, LLC One Financial Plaza, Hartford, CT 06103
(c)	Citizenship: Each of Westchester, WCP and Virtus are organized under the laws of the State of Delaware.
(d)	Title of class of securities: Class A ordinary shares, no par value
(e)	CUSIP Number(s): G96193100
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: Westchester Capital Management, LLC: 701,892 Westchester Capital Partners, LLC: 3,432 Virtus Investment Advisers, LLC: 644,305
(b)	Percent of class: Westchester Capital Management, LLC: 5.93% Westchester Capital Partners, LLC: 0.03% Virtus Investment Advisers, LLC: 5.44%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Westchester Capital Management, LLC: 57,587 Westchester Capital Partners, LLC: 3,432 Virtus Investment Advisers, LLC: 0
	(ii) Shared power to vote or to direct the vote: Westchester Capital Management, LLC: 644,305 Westchester Capital Partners, LLC: 0 Virtus Investment Advisers, LLC: 644,305
	(iii) Sole power to dispose or to direct the disposition of: Westchester Capital Management, LLC: 57,587 Westchester Capital Partners, LLC: 3,432 Virtus Investment Advisers, LLC: 0
	(iv) Shared power to dispose or to direct the disposition of: Westchester Capital Management, LLC: 644,305 Westchester Capital Partners, LLC: 0 Virtus Investment Advisers, LLC: 644,305
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 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.

Westchester Capital Management, LLC

Signature:	/s/ CaSaundra Wu
Name/Title:	Chief Compliance Officer
Date:	08/14/2026

Westchester Capital Partners, LLC

Signature:	/s/ CaSaundra Wu
Name/Title:	Chief Compliance Officer
Date:	08/14/2026

Virtus Investment Advisers, LLC

Signature:	/s/ James Sena
Name/Title:	Chief Compliance Officer
Date:	08/14/2026