SCHEDULE: Goldman Sachs Reports Stake in White Pearl Acquisition Corp.

The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC have reported beneficial ownership of 5.9% of White Pearl Acquisition Corp.'s Class A ordinary shares.

Summary

• The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC have jointly filed a Schedule 13G, indicating their beneficial ownership of 696,097 shares of Class A ordinary shares of White Pearl Acquisition Corp.
• This holding represents 5.9% of the total class of securities.
• The filing is made as of March 31, 2026, with the report date being April 3, 2026.
• Goldman Sachs & Co. LLC is identified as a broker-dealer, investment adviser, and other financial institution.
• The filing clarifies that these securities are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a routine disclosure of beneficial ownership by a financial institution and does not contain operational or financial performance data for the issuer.

Positives

• Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC have disclosed a significant beneficial ownership stake of 5.9% in White Pearl Acquisition Corp.
• The filing indicates that the shares were acquired and are held in the ordinary course of business, suggesting a standard investment activity rather than a hostile or control-seeking maneuver.

Risks

• The filing does not explicitly detail any risks associated with this investment or the issuer, White Pearl Acquisition Corp.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future performance or strategy. It is a disclosure of current beneficial ownership.

Management Comments

• "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."
• "This filing reflects the securities beneficially owned by certain operating units (collectively, the "Goldman Sachs Reporting Units") of The Goldman Sachs Group, Inc. and its subsidiaries and affiliates (collectively, "GSG")."
• "The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which the Goldman Sachs Reporting Units or their employees have voting or investment discretion or both, or with respect to which there are limits on their voting or investment authority or both and (ii) certain investment entities of which the Goldman Sachs Reporting Units act as the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than the Goldman Sachs Reporting Units."

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by The Goldman Sachs Group, Inc. and its subsidiary indicates a significant passive investment in a special purpose acquisition company (SPAC), White Pearl Acquisition Corp. Such filings are common for large financial institutions that may hold stakes in various public companies as part of their brokerage, trading, or investment advisory activities.

Stakeholder Impact

• Shareholders of White Pearl Acquisition Corp.: The disclosure confirms a significant institutional investor, which can be viewed positively for liquidity and potential future backing, but does not directly impact current operations or strategy.
• The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC: This filing is a standard regulatory requirement for their investment activities and does not represent a change in their operational strategy.

Next Steps

• White Pearl Acquisition Corp. is expected to continue its operations as a SPAC, potentially seeking a target for business combination.
• The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC will continue to hold their reported stake, subject to their investment strategies and any future trading activity.

Key Dates

Keywords

Schedule 13G, White Pearl Acquisition Corp., The Goldman Sachs Group, Inc., Goldman Sachs & Co. LLC, Beneficial Ownership, Class A ordinary shares, Acquisition Corp., SEC Filing, Securities Exchange Act of 1934