SCHEDULE 13G: Wolverine Entities Disclose 5.1% Stake in Iron Horse Acquisitions Corp.
Beneficial Ownership Disclosure (Schedule 13G)
Wolverine Asset Management LLC and affiliated entities have disclosed a 5.1% beneficial ownership stake in Iron Horse Acquisitions Corp., holding 452,223 shares of common stock 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 452,223 shares of Iron Horse Acquisitions Corp. Common Stock.
- This ownership represents 5.1% of the Issuer's outstanding Common Stock, calculated based on 8,867,000 shares outstanding as of November 12, 2024, as reported in the Issuer's Form 10-Q.
- All reporting persons, including Wolverine Asset Management LLC, Wolverine Holdings, L.P., Wolverine Trading Partners, Inc., Christopher L. Gust, and Robert R. Bellick, share both voting and dispositive power over the 452,223 shares.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Iron Horse Acquisitions Corp.
- Wolverine Flagship Fund Trading Limited is identified as having the right to receive dividends and proceeds from the sale of the beneficially owned shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational or financial news.
Future Outlook
NA
Management Comments
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
This filing is a standard disclosure of a significant passive ownership stake by an investment firm and its affiliates in a publicly traded company, common in the financial industry for transparency regarding large holdings.
Related Party Transactions
- Wolverine Flagship Fund Trading Limited is known to have the right to receive dividends and proceeds from the sale of the shares beneficially owned by Wolverine Asset Management LLC.
Stakeholder Impact
- Shareholders: Disclosure of a significant ownership stake provides transparency regarding the company's ownership structure, which can influence investor perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2024-11-12 | Date of Issuer's Form 10-Q filing, reporting 8,867,000 shares of Common Stock outstanding, used for percentage calculation. |
| 2024-12-31 | Date of event which requires filing of this statement, representing the end of the reporting period for beneficial ownership. |
| 2025-01-29 | Signature date for all reporting persons on the Schedule 13G filing. |
Keywords
Beneficial Ownership, Schedule 13G, SEC Filing, Iron Horse Acquisitions Corp., Wolverine Asset Management, Common Stock, Investment Adviser, Holding Company
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