SCHEDULE: Wolverine Entities Disclose 2.13% Stake in Columbus Acquisition

Wolverine Asset Management and related entities have filed an amended Schedule 13G, reporting a 2.13% passive ownership stake in Columbus Acquisition Corp.

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 169,777 Ordinary Shares of Columbus Acquisition Corp.
• This ownership represents 2.13% of the Issuer's outstanding Ordinary Shares.
• The percentage was calculated based on 7,944,290 Ordinary Shares outstanding as of November 6, 2025, as reported in the Issuer's September 30, 2025 Form 10-Q.
• All reporting persons hold shared voting and shared dispositive power over these 169,777 shares, with no sole voting or dispositive power.
• The securities were acquired and are held in the ordinary course of business, 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 shares.

Sentiment

Score: 5

Explanation: This is a neutral, factual disclosure of beneficial ownership, providing no positive or negative sentiment regarding the issuer's performance or prospects.

Future Outlook

NA

Management Comments

• 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

This filing is a standard disclosure of a passive investment stake by an investment management firm and its affiliates in a Special Purpose Acquisition Company (SPAC). It reflects a common practice for institutional investors to report their holdings when they cross certain thresholds, without indicating any specific strategic industry move beyond portfolio management.

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 Issuer's Ordinary Shares covered by this statement that may be deemed to be beneficially owned by Wolverine Asset Management LLC.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive institutional ownership stake, which can be viewed as a vote of confidence or simply a portfolio allocation by the reporting entities.

Key Dates

Keywords

Columbus Acquisition Corp, Wolverine Asset Management, Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment Management, Passive Investment, G2295P107