SCHEDULE: Wolverine Entities Report Zero Stake in AI Transportation

Wolverine Asset Management and related entities have filed an amended Schedule 13G, reporting zero beneficial ownership in AI Transportation Acquisition Corp.

Summary

• Wolverine Asset Management LLC, Wolverine Trading Partners, Inc., Wolverine Holdings, L.P., Christopher L. Gust, and Robert R. Bellick (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G.
• The Reporting Persons now beneficially own 0 ordinary shares of AI Transportation Acquisition Corp., representing 0% of the class.
• The event requiring this filing occurred on December 24, 2025.
• Wolverine Asset Management LLC is classified as an investment adviser (IA), Wolverine Trading Partners, Inc. as a corporation (CO) and holding company (HC), Wolverine Holdings, L.P. as a holding company (HC), and Christopher L. Gust and Robert R. Bellick as individuals (IN) and holding companies (HC).
• The filing certifies that the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of a change in beneficial ownership to zero, which is neutral in sentiment for the issuer without additional context. It simply reports an institutional investor's exit from a position.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership report.

Management Comments

• The securities referred to 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.

Industry Context

This filing indicates a complete divestment or reduction below the reporting threshold by a group of institutional investors and related individuals in a Special Purpose Acquisition Company (SPAC). Such changes in institutional ownership can be a signal for market participants, potentially reflecting a shift in investment strategy or outlook regarding the issuer's prospects or the broader SPAC market.

Stakeholder Impact

• Shareholders may note the complete exit of Wolverine Asset Management and its affiliates from their investment in AI Transportation Acquisition Corp. This could lead to questions about the reasons for the divestment and potentially influence investor sentiment.

Key Dates

Keywords

AI Transportation Acquisition Corp, Wolverine Asset Management, Schedule 13G, beneficial ownership, institutional ownership, divestment, SPAC