SCHEDULE: Wolverine Asset Management Discloses 6.51% Stake in BEST SPAC I Acquisition Corp.

Wolverine Asset Management LLC and affiliated entities have disclosed a beneficial ownership of 6.51% in BEST SPAC I Acquisition Corp.'s Class A Ordinary Shares.

Summary

• Wolverine Asset Management LLC, Wolverine Trading Partners, Inc., Wolverine Holdings, L.P., Christopher L. Gust, and Robert R. Bellick collectively reported beneficial ownership of 376,070 Class A Ordinary Shares of BEST SPAC I Acquisition Corp.
• This ownership represents 6.51% of the Issuer's Class A Ordinary Shares.
• The percentage was calculated based on 5,777,000 Class A Ordinary Shares issued in the Issuer's IPO and simultaneous private placement on June 16, 2025, as reported in the Issuer's Form 8-K filed June 17, 2025.
• All reporting persons hold shared voting and shared dispositive power over the 376,070 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Wolverine Flagship Fund Trading Limited is known to have the right to receive dividends or proceeds from the sale of these Class A ordinary shares.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by an institutional investor in a Special Purpose Acquisition Company (SPAC). Such disclosures provide transparency on significant shareholder positions, which can be relevant for understanding the investor base and potential influence on future business combination decisions for the SPAC.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception and trading activity.
• Regulatory Bodies: Fulfills SEC disclosure requirements for beneficial ownership exceeding 5%.

Key Dates

Keywords

BEST SPAC I Acquisition Corp., Wolverine Asset Management, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, SPAC, Institutional Ownership, Investment Management, SEC Filing