SCHEDULE 13G: Wolverine Asset Management and Affiliates Disclose 6.86% Stake in Horizon Space Acquisition II Corp.
Beneficial Ownership Disclosure
Wolverine Asset Management LLC and its affiliated entities, including Wolverine Holdings, L.P., Wolverine Trading Partners, Inc., Christopher L. Gust, and Robert R. Bellick, have disclosed a beneficial ownership of 6.86% in Horizon Space Acquisition II Corp.'s ordinary shares.
Summary
- Wolverine Asset Management LLC, along with Wolverine Holdings, L.P., Wolverine Trading Partners, Inc., Christopher L. Gust, and Robert R. Bellick, collectively reported beneficial ownership of 622,655 ordinary shares of Horizon Space Acquisition II Corp.
- This ownership represents 6.86% of the issuer's outstanding ordinary shares.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.
- The percentage of ownership was calculated based on 9,080,000 ordinary shares outstanding as of March 24, 2025, as reported in the issuer's Form 10-K filed on March 27, 2025.
- Wolverine Asset Management LLC, as an investment manager, holds shared voting and dispositive power over these shares.
- Wolverine Flagship Fund Trading Limited is identified as having the right to receive dividends or proceeds from the sale of these shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, indicating a neutral sentiment. It neither presents overwhelmingly positive nor negative information about the issuer's performance or prospects, but rather a significant investment by an external entity.
Positives
- The disclosure indicates a significant investment by a reputable asset management firm and its affiliates, potentially signaling confidence in Horizon Space Acquisition II Corp.
Industry Context
This filing is a standard disclosure of a significant ownership stake by an institutional investor in a publicly traded company. It does not provide broader industry trends or competitive analysis, but rather focuses on the specific investment by Wolverine Asset Management and its affiliates in Horizon Space Acquisition II Corp., a Special Purpose Acquisition Company (SPAC) focused on the space industry.
Stakeholder Impact
- Shareholders: The disclosure of a significant stake by Wolverine Asset Management and its affiliates could be viewed positively by existing shareholders, as it indicates institutional interest and potential confidence in the company. It also identifies a major shareholder whose interests may align with or influence corporate decisions.
Key Dates
| Date | Description |
|---|---|
| 03/24/2025 | Date as of which 9,080,000 ordinary shares of Horizon Space Acquisition II Corp. were outstanding, as reported in the issuer's Form 10-K. |
| 03/27/2025 | Date of filing of Horizon Space Acquisition II Corp.'s Form 10-K, which reported the number of outstanding shares. |
| 03/31/2025 | Date of event which required the filing of this Schedule 13G statement. |
| 04/30/2025 | Date the Schedule 13G statement was signed and filed. |
Keywords
Horizon Space Acquisition II Corp., Wolverine Asset Management, Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment Management, SEC Filing, Publicly Traded Company, Equity Stake
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