White Pearl Acquisition Corp. Schedule 13G reports that White Pearl Group Limited and Yun Chen may be deemed to beneficially own 4,123,333 ordinary shares, representing 26.3% of the issuer's total Class A and Class B ordinary shares on an as-converted basis. The statement cites ownership as of 02/03/2026 and references outstanding share counts of 11,833,125 Class A and 3,833,333 Class B Ordinary Shares as of 05/11/2026. Mr. Chen is disclosed as having sole voting and dispositive power over the shares held of record by White Pearl Group Limited. The filing is signed and includes a Joint Filing Agreement dated 05/14/2026.
Positive
None.
Negative
None.
Insights
Holds a controlling disclosure-level stake with sole voting control.
White Pearl Group Limited and Yun Chen are reported to beneficially own 4,123,333 shares, equal to 26.3% on an as-converted basis using the issuer's stated counts as of 05/11/2026. The filing specifies that Mr. Chen has sole voting and dispositive power over the record holder's shares.
Key dependencies include the automatic conversion feature of Class B into Class A shares at the time of the Business Combination and the share counts cited in the issuer's Form 10-Q. Subsequent filings may update the ownership percentage if outstanding share counts change.
Key Figures
Reported beneficial ownership:4,123,333 sharesOwnership percentage:26.3%Class A outstanding:11,833,125 shares+2 more
5 metrics
Reported beneficial ownership4,123,333 sharesamount beneficially owned as of <date>02/03/2026</date>
Ownership percentage26.3%percent of Class A and Class B on an as-converted basis
Class A outstanding11,833,125 sharesClass A Ordinary Shares outstanding as of <date>05/11/2026</date>
Class B outstanding3,833,333 sharesClass B Ordinary Shares outstanding as of <date>05/11/2026</date>
Joint Filing Agreement date05/14/2026signature and Joint Filing Agreement date
Key Terms
Schedule 13G, Class B Ordinary Shares conversion, beneficially own, sole voting and dispositive power
4 terms
Schedule 13Gregulatory
"Item 1. Name of issuer: White Pearl Acquisition Corp."
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.
Class B Ordinary Shares conversionfinancial
"The Class B Ordinary Shares will automatically convert into the Issuer's Class A Ordinary Shares"
beneficially ownregulatory
"the Reporting Persons may be deemed to beneficially own 4,123,333"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
sole voting and dispositive powercorporate
"Mr. Yun Chen has sole voting and dispositive power over the securities"
What stake does White Pearl Group Limited report in WPAC?
They report beneficial ownership of 4,123,333 shares, representing 26.3% of Class A and Class B shares on an as-converted basis. This calculation uses the issuer's counts as of 05/11/2026.
Does Yun Chen control the reported shares in WPAC?
Yes. The filing states that Mr. Yun Chen has sole voting and dispositive power over the securities held of record by White Pearl Group Limited, per the Schedule 13G disclosure.
Which share classes are included in the ownership percentage?
The percentage assumes conversion of Class B to Class A and is based on 11,833,125 Class A and 3,833,333 Class B outstanding as of 05/11/2026, as cited in the filing.
What conversion terms apply to the Class B Ordinary Shares?
The filing states Class B Ordinary Shares convert into Class A Ordinary Shares on a one-for-one basis immediately following the Business Combination or earlier at holder option, subject to certain adjustments described in the registration statement.
When is the ownership amount measured in this filing?
The Schedule 13G indicates the Reporting Persons may be deemed to beneficially own the shares as of 02/03/2026, with supporting outstanding share counts cited as of 05/11/2026.
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)
02/03/2026
(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
White Pearl Group Limited
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
VIRGIN ISLANDS, BRITISH
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,123,333.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,123,333.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,123,333.00
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)
26.3 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The 4,123,333 shares referred to in Rows 5, 7 and 9 includes the Issuer's Class B ordinary shares with no par value ("Class B Ordinary Shares") and the private placement units. The Class B Ordinary Shares will automatically convert into the Issuer's Class A ordinary shares with no par value ("Class A Ordinary Shares") immediately following the Issuer's initial business combination (the "Business Combination") and may be converted at any time prior to the Business Combination at the option of the holder, on a one-for-one basis, subject to certain adjustments, as more fully described under the heading "Description of Securities " in the Issuer's Registration Statement on Form S-1 (File No. 333- 290905). Mr. Yun Chen has sole voting and dispositive power over the securities held of record by White Pearl Group Limited. The percentage in Row 11 is based on 11,833,125 Class A Ordinary Shares, including Class A Ordinary Shares underlying the units, and 3,833,333 Class B Ordinary Shares issued and 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
Yun Chen
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
CHINA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,123,333.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,123,333.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,123,333.00
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)
26.3 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: The 4,123,333 shares referred to in Rows 5, 7 and 9 includes the Issuer's Class B Ordinary Shares and the private placement units. The Class B Ordinary Shares will automatically convert into the Issuer's Class A Ordinary Shares immediately following the Issuer's Business Combination and may be converted at any time prior to the Business Combination at the option of the holder, on a one-for-one basis, subject to certain adjustments, as more fully described under the heading "Description of Securities " in the Issuer's Registration Statement on Form S-1 (File No. 333- 290905). Mr. Yun Chen has sole voting and dispositive power over the securities held of record by White Pearl Group Limited. The percentage in Row 11 is based on 11,833,125 Class A Ordinary Shares, including Class A Ordinary Shares underlying the units, and 3,833,333 Class B Ordinary Shares issued and 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
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:
White Pearl Group Limited, Yun Chen (collectively, the "Reporting Persons")
(b)
Address or principal business office or, if none, residence:
C/O White Pearl Acquisition Corp., 244 Fifth Avenue, Suite #1835, New York, NY 10001
(c)
Citizenship:
White Pearl Group Limited is a British Virgin Islands company. Yun Chen is a citizen of the People's Republic of China.
(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:
As of February 3, 2026, the Reporting Persons may be deemed to beneficially own 4,123,333 of the Issuer's Class A Ordinary Shares and Class B Ordinary Shares. White Pearl Group Limited is the record holder of the ordinary shares reported herein. Mr. Yun Chen has sole voting and dispositive power with respect to the securities held of record by White Pearl Group Limited, and may be deemed the beneficial owner of the securities held by White Pearl Group Limited. This Statement on Schedule 13G (this "Statement") shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) and 13(g), beneficial owners of any securities covered by this Statement.
(b)
Percent of class:
The 4,123,333 of the Issuer's Class A Ordinary Shares and Class B Ordinary Shares owned by the Reporting Persons constitute 26.3% of the total number of Class A Ordinary Shares and Class B Ordinary Shares issued and outstanding, assuming the conversion of all issued and outstanding Class B Ordinary Shares of the Issuer. The Class B Ordinary Shares are automatically convertible into Class A Ordinary Shares with or immediately following the Business Combination on a one-for-one basis or may be converted at any time prior to the Business Combination at the option of the holder, on a one- for-one basis, subject to certain adjustments, as more fully described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-290905). The percentage of the total ordinary shares held is based on 11,833,125 Class A Ordinary Shares, including Class A Ordinary Shares underlying the units, and 3,833,333 Class B Ordinary Shares issued and 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.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
White Pearl Group Limited: 4,123,333 Yun Chen: 4,123,333
(ii) Shared power to vote or to direct the vote:
White Pearl Group Limited: 0 Yun Chen: 0
(iii) Sole power to dispose or to direct the disposition of:
White Pearl Group Limited: 4,123,333 Yun Chen: 4,123,333
(iv) Shared power to dispose or to direct the disposition of:
White Pearl Group Limited: 0 Yun Chen: 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:
Not Applicable
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.
White Pearl Group Limited
Signature:
/s/ Naphat Sirimongkolkasem
Name/Title:
Naphat Sirimongkolkasem/Director
Date:
05/14/2026
Yun Chen
Signature:
/s/ Yun Chen
Name/Title:
Yun Chen/Individual
Date:
05/14/2026
Exhibit Information
EXHIBIT LIST Exhibit A Joint Filing Agreement, dated as of May 14, 2026 between White Pearl Group Limited and Yun Chen
