SCHEDULE 13G/A: Wolverine Entities Disclose 6.81% Passive Stake in Oak Woods Acquisition Corp

Wolverine Asset Management LLC and affiliated entities have filed an amended Schedule 13G, reporting a 6.81% beneficial ownership stake in Oak Woods Acquisition Corp's Class A Ordinary shares 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 313,269 Class A Ordinary shares of Oak Woods Acquisition Corp.
• This ownership represents 6.81% of the Issuer's outstanding Class A Ordinary Shares.
• The percentage was calculated based on 4,600,479 Class A Ordinary Shares outstanding as of September 30, 2024, as reported in the Issuer's Form 10-Q.
• All reporting persons have shared voting power and shared dispositive power over the 313,269 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.
• Wolverine Flagship Fund Trading Limited is identified as having the right to receive dividends from, or proceeds from the sale of, the shares beneficially owned by Wolverine Asset Management LLC.

Sentiment

Score: 5

Explanation: Neutral. This is a standard regulatory filing disclosing a passive ownership stake and does not contain information that would inherently be considered positive or negative for the issuer's operational or financial performance.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, 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 Schedule 13G filing is a routine disclosure for institutional investors like Wolverine Asset Management, an investment adviser, when their beneficial ownership in a public company, such as Oak Woods Acquisition Corp (a SPAC or similar entity), crosses the 5% threshold. It signifies a passive investment stake, common among institutional portfolios, and does not indicate an activist position or strategic corporate action by the reporting entities.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake, confirming a passive investment intent by Wolverine Asset Management and its affiliates.

Key Dates

Keywords

Oak Woods Acquisition Corp, Wolverine Asset Management, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, SEC Filing, Investment Adviser, Passive Investment, Equity Stake