SCHEDULE: White Pearl Acquisition Corp. - Schedule 13G Filing

White Pearl Group Limited and Yun Chen jointly file Schedule 13G, reporting beneficial ownership of 4,123,333 shares, representing 26.3% of Class A and Class B Ordinary Shares.

Summary

• This filing is a Schedule 13G, indicating that White Pearl Group Limited and Yun Chen are reporting their beneficial ownership of securities.
• The reporting persons, White Pearl Group Limited and Yun Chen, collectively beneficially own 4,123,333 shares of White Pearl Acquisition Corp.
• These shares include Class A Ordinary Shares and Class B Ordinary Shares, with the Class B shares convertible into Class A shares.
• The reported ownership represents 26.3% of the total Class A and Class B Ordinary Shares outstanding as of May 11, 2026.
• White Pearl Group Limited is the record holder of these shares, and Yun Chen has sole voting and dispositive power over them.
• The filing clarifies that this is not an admission of beneficial ownership for Section 13(d) and 13(g) purposes.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a routine disclosure of beneficial ownership for a significant stake in a SPAC, without immediate financial performance indicators or strategic shifts.

Positives

• Significant beneficial ownership reported, indicating substantial interest in White Pearl Acquisition Corp. by key parties.
• Clear reporting of shareholdings and voting power by White Pearl Group Limited and Yun Chen.

Negatives

• The filing is a Schedule 13G, which is typically filed by passive investors, but the significant percentage of ownership might warrant closer scrutiny depending on future actions.
• The filing explicitly states it is not an admission of beneficial ownership for certain regulatory purposes, which could imply a nuanced or strategic positioning.

Risks

• The Class B Ordinary Shares are subject to conversion into Class A Ordinary Shares, which will occur automatically upon the Issuer's initial business combination.
• The conversion of Class B shares into Class A shares could alter the ownership structure and voting dynamics post-business combination.
• The filing does not detail the specific business combination or its timeline, introducing uncertainty regarding the timing of share conversion.

Future Outlook

The filing primarily concerns current ownership and does not contain forward-looking financial guidance. However, it notes that Class B Ordinary Shares will automatically convert into Class A Ordinary Shares immediately following the Issuer's initial business combination.

Management Comments

• Mr. Yun Chen has sole voting and dispositive power over the securities held of record by White Pearl Group Limited.
• The Statement on Schedule 13G 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.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for significant institutional or individual investors accumulating stakes in special purpose acquisition companies (SPACs) like White Pearl Acquisition Corp. The reported ownership percentage suggests a material interest, potentially positioning the holders for influence or strategic involvement in the upcoming business combination.

Stakeholder Impact

• Shareholders: The significant ownership by White Pearl Group Limited and Yun Chen could influence future corporate decisions and the outcome of the business combination.
• Management: The reporting persons' substantial stake may imply a strong interest in the company's strategic direction and performance.

Next Steps

• White Pearl Acquisition Corp. is expected to complete an initial business combination.
• Class B Ordinary Shares will automatically convert into Class A Ordinary Shares immediately following the business combination.

Key Dates

Keywords

Schedule 13G, White Pearl Acquisition Corp, White Pearl Group Limited, Yun Chen, Beneficial Ownership, Ordinary Shares, Class A Shares, Class B Shares, Securities Exchange Act, SEC Filing