SCHEDULE 13G: Wolverine Entities Disclose 5.78% Stake in Chenghe Acquisition II Co.
Beneficial Ownership Disclosure
Wolverine Asset Management LLC and affiliated entities have disclosed a beneficial ownership of 5.78% in Chenghe Acquisition II Co.'s Class A ordinary shares as of December 31, 2024.
Summary
- Wolverine Asset Management LLC, along with Wolverine Trading Partners, Inc., Wolverine Holdings, L.P., Christopher L. Gust, and Robert R. Bellick, collectively reported beneficial ownership of 516,091 Class A ordinary shares of Chenghe Acquisition II Co.
- This ownership represents 5.78% of the Issuer's outstanding Class A ordinary shares.
- The percentage was calculated based on 8,935,000 Class A ordinary shares outstanding as of November 11, 2024, as reported in the Issuer's Form 10-Q filed on November 14, 2024.
- All reporting persons share both voting and dispositive power over the 516,091 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a standard regulatory disclosure of beneficial ownership, inherently neutral in sentiment as it reports factual information without expressing positive or negative outlooks on the company's performance or prospects.
Related Party Transactions
- Wolverine Flagship Fund Trading Limited is known to have the right to receive dividends from, or the proceeds from the sale of, the Ordinary Shares of the Issuer covered by this statement that may be deemed to be beneficially owned by Wolverine Asset Management, LLC.
Stakeholder Impact
- Shareholders: Disclosure of a significant ownership stake provides transparency regarding major investors and potential influence on the company.
Key Dates
| Date | Description |
|---|---|
| 2024-11-11 | Date as of which Chenghe Acquisition II Co.'s outstanding Ordinary Shares (8,935,000) were reported in its Form 10-Q. |
| 2024-11-14 | Date Chenghe Acquisition II Co. filed its Form 10-Q reporting outstanding shares. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership snapshot). |
| 2025-01-29 | Date of filing of this Schedule 13G. |
Keywords
Chenghe Acquisition II Co., Wolverine Asset Management, Schedule 13G, beneficial ownership, Class A ordinary shares, investment adviser, holding company, SEC filing
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