SCHEDULE: First Trust Entities Report Zero Ownership in GP-Act III Acquisition Corp.

First Trust Merger Arbitrage Fund and affiliated entities report holding zero shares of GP-Act III Acquisition Corp. Class A Ordinary Shares as of June 30, 2026.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership reporting for GP-Act III Acquisition Corp.
• The reporting persons are 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).
• As of June 30, 2026, these entities collectively reported owning 0 shares of GP-Act III Acquisition Corp. Class A Ordinary Shares.
• FTCM acts as an investment adviser to various client accounts, including VARBX.
• FTCS and Sub GP are identified as control persons of FTCM.
• The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this as a neutral filing, primarily indicating a lack of significant beneficial ownership by the reporting entities as of the filing date.

Positives

• The reporting entities have confirmed they do not hold any shares, which simplifies the ownership structure from their perspective.
• The filing clarifies that the entities are not acquiring shares to influence or control the issuer.

Negatives

• The filing indicates a complete lack of investment or beneficial ownership by these First Trust entities in GP-Act III Acquisition Corp. as of the reporting date, suggesting no current financial stake.
• The reporting entities collectively own 0% of the class of securities.

Risks

• The primary risk is the lack of any disclosed beneficial ownership, which means these entities do not currently represent a significant stakeholder group in GP-Act III Acquisition Corp.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it solely reports current ownership status.

Management Comments

• "As investment adviser to the Client Accounts, FTCM has the authority to invest the funds of the Client Accounts in securities (including Ordinary Shares of GP-Act III Acquisition Corp (the "Issuer")) as well as the authority to purchase, vote and dispose of securities, and may thus be deemed the beneficial owner of any shares of the Issuer's Ordinary Shares held in the Client Accounts."
• "No one individual controls FTCS or Sub GP."
• "FTCS and Sub GP do not own any Ordinary Shares of the Issuer for their own accounts."
• "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."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are typically made by institutional investors who acquire beneficial ownership of more than 5% of a class of a company's registered securities. The absence of any reported ownership by these First Trust entities suggests they are either not significant shareholders or are reporting a reduction to below the 5% threshold.

Stakeholder Impact

• Shareholders: The lack of significant ownership by these First Trust entities means they do not currently represent a major shareholder influence on corporate decisions or strategy.
• Management: The filing provides no indication of any intent to influence management or control of GP-Act III Acquisition Corp. by these entities.

Next Steps

• The reporting persons will continue to monitor their beneficial ownership of GP-Act III Acquisition Corp. securities.
• Future amendments to Schedule 13G will be filed if ownership levels change and cross reporting thresholds.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, GP-Act III Acquisition Corp., First Trust, Investment Adviser, Ordinary Shares, Acquisition Corp.