SCHEDULE 13G/A: Wolverine Entities Disclose 9.56% Stake in Horizon Space Acquisition I Corp.
Beneficial Ownership Report (Amendment)
Wolverine Asset Management LLC and its affiliates have filed an amended Schedule 13G, reporting a 9.56% beneficial ownership stake in Horizon Space Acquisition I Corp. as of December 31, 2024.
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 398,712 ordinary shares of Horizon Space Acquisition I Corp.
- This ownership represents 9.56% of the Issuer's outstanding ordinary shares.
- The percentage was calculated based on 4,168,739 ordinary shares outstanding as of November 14, 2024, adjusted for shares tendered for redemption on December 23, 2024.
- All reporting persons hold shared voting and shared dispositive power over the 398,712 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 factual disclosure of beneficial ownership, providing no direct positive or negative operational or financial news for the issuer. Its sentiment is neutral.
Positives
- A significant beneficial ownership stake (9.56%) by a reputable investment adviser like Wolverine Asset Management LLC could be viewed as a positive signal of confidence in Horizon Space Acquisition I Corp. by some investors.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding the Issuer's future operations or financial performance.
Industry Context
Horizon Space Acquisition I Corp. is identified as a Special Purpose Acquisition Company (SPAC), indicated by its name and the nature of its ordinary shares. This filing details a significant ownership stake by an investment firm in this SPAC.
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 shares of common stock covered by this statement, which are beneficially owned by Wolverine Asset Management LLC.
Stakeholder Impact
- Shareholders: The disclosure provides transparency regarding a significant ownership stake by Wolverine Asset Management LLC and its affiliates, which could influence investor perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | Date of Issuer's Form 10-Q, used for calculating outstanding shares. |
| 2024-11-14 | Date as of which the number of Ordinary Shares (4,168,739) was reported in the Issuer's Form 10-Q. |
| 2024-12-23 | Date of shareholders' meeting where Ordinary Shares were tendered for redemption, as per an 8-K filing. |
| 2024-12-26 | Date of Issuer's 8-K filing regarding share redemptions. |
| 2024-12-31 | Date of event which requires the filing of this Schedule 13G statement. |
| 2025-01-28 | Signature date of the Schedule 13G filing. |
Keywords
Horizon Space Acquisition I Corp, Wolverine Asset Management, Schedule 13G, Beneficial Ownership, SPAC, Ordinary Shares, Investment Adviser
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