SCHEDULE: First Trust Entities Report 0% Stake in Evergreen Corp

First Trust Merger Arbitrage Fund and related entities have filed an amended Schedule 13G, disclosing zero beneficial ownership in Evergreen Corp's Class A Ordinary Shares as of September 30, 2025.

Summary

• 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) collectively reported 0 shares of Evergreen Corp's Class A Ordinary Shares.
• This represents 0.00% of the outstanding Class A Ordinary Shares of Evergreen Corp.
• The reporting persons, acting as investment adviser and control persons, previously held a reportable stake, but as of September 30, 2025, no longer beneficially own any shares.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a prior beneficial ownership report.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership, reporting a 0% stake. It does not contain information that would inherently suggest positive or negative sentiment regarding the issuer's performance or prospects.

Future Outlook

NA

Industry Context

This filing is a routine disclosure by an investment fund group regarding its holdings in a public company. It reflects a change in the fund's portfolio allocation rather than a direct statement on Evergreen Corp's industry position or performance.

Stakeholder Impact

• Shareholders: The disclosure of a major fund group reducing its stake to zero could be noted by other institutional investors, but given it's an amendment to 0%, the direct impact is likely minimal unless the fund was a significant activist.

Key Dates

Keywords

Evergreen Corp, First Trust Merger Arbitrage Fund, First Trust Capital Management, Schedule 13G/A, Beneficial Ownership, SEC Filing, Investment Fund, Equity Holdings