SCHEDULE: Wolverine Asset Management Discloses Soulpower Acquisition Stake

Wolverine Asset Management, LLC and affiliated entities report beneficial ownership of 4.76% of Soulpower Acquisition Corporation's Class A ordinary shares as of March 31, 2026.

Summary

• Wolverine Asset Management, LLC, along with Wolverine Holdings, LLC, Christopher L. Gust, and Robert R. Bellick, have filed a Schedule 13G, indicating their beneficial ownership of Soulpower Acquisition Corporation's Class A ordinary shares.
• The total number of shares beneficially owned by these reporting persons is 1,219,496.
• This ownership represents 4.76% of the Issuer's outstanding Class A ordinary shares.
• The calculation is based on 25,620,000 ordinary shares outstanding as of March 27, 2026, as reported in the Issuer's Form 10-K.
• Wolverine Asset Management, LLC, as an investment adviser, holds voting and dispositive power over these shares.
• Wolverine Holdings, LLC is the sole member and manager of Wolverine Asset Management, LLC.
• Robert R. Bellick and Christopher L. Gust are identified as having control over Wolverine Holdings, LLC in their roles as Managers.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a routine disclosure of beneficial ownership by an investment firm and does not inherently signal positive or negative developments for the company.

Positives

• Significant stake held by a recognized investment management entity (Wolverine Asset Management, LLC).
• Clear disclosure of beneficial ownership and percentage of class held (4.76%).
• The reporting is current as of March 31, 2026, reflecting recent ownership information.

Negatives

• The filing does not contain any negative financial performance or operational data, as it is a Schedule 13G disclosure of beneficial ownership.

Risks

• Potential for future changes in ownership stake by Wolverine Asset Management, LLC and affiliated entities, which could impact share price.
• The nature of the investment (Class A ordinary shares of a SPAC) carries inherent risks associated with the SPAC's ability to complete a business combination.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• "Each of Wolverine Holdings, Mr. Bellick, and Mr. Gust have voting power over 1,219,496 Class A ordinary shares of the Issuer."
• "Each of Wolverine Holdings, Mr. Bellick, and Mr. Gust has shared power to vote or direct the vote of 1,219,496 Class A ordinary shares of the Issuer."
• "Each of Wolverine Holdings, Mr. Bellick, and Mr. Gust has shared power to dispose or direct the disposition of 1,219,496 Class A ordinary shares of the Issuer."
• "Each of Wolverine Holdings, Mr. Bellick, and Mr. Gust have dispositive power over 1,219,496 Class A ordinary shares of the Issuer."
• "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

StockSavvy.ai notes that Schedule 13G filings are standard for institutional investors crossing certain ownership thresholds. This filing indicates a significant passive investment by Wolverine Asset Management in Soulpower Acquisition Corporation, a Special Purpose Acquisition Company (SPAC). The 4.76% stake suggests a notable position, but below the threshold that would typically trigger active control implications.

Comparison to Industry Standards

• The 4.76% ownership stake is a common threshold for Schedule 13G filings, indicating a passive investment rather than a controlling interest. Many institutional investors hold similar or larger stakes in publicly traded companies without seeking control.
• The calculation of percentage ownership based on outstanding shares is standard practice across the industry. The use of the Issuer's Form 10-K for outstanding share count is also a typical reference point.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding a significant beneficial owner, which can influence investor perception and trading activity.
• Management of Soulpower Acquisition Corporation: Awareness of substantial passive ownership by entities like Wolverine Asset Management is important for strategic planning and investor relations.

Next Steps

• Wolverine Asset Management, LLC and affiliated entities will continue to hold or potentially adjust their stake in Soulpower Acquisition Corporation.
• Soulpower Acquisition Corporation will continue its operations, presumably towards identifying and completing a business combination.

Key Dates

Keywords

Schedule 13G, Wolverine Asset Management, Soulpower Acquisition Corporation, Beneficial Ownership, Class A ordinary shares, SPAC, SEC Filing, Investment Adviser, Shareholder Disclosure