SCHEDULE: Wolverine Entities Disclose 6.1% Stake in Wintergreen

Wolverine Asset Management and related entities have disclosed a 6.1% beneficial ownership stake in Wintergreen Acquisition Corporation's ordinary shares.

Summary

• Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust, and Robert R. Bellick collectively reported beneficial ownership of 445,792 ordinary shares of Wintergreen Acquisition Corporation.
• This ownership represents 6.1% of the Issuer's outstanding ordinary shares.
• The percentage was calculated based on 7,303,575 shares outstanding as of September 30, 2025, as reported in the Issuer's Form 10-Q filed November 12, 2025.
• All reporting persons hold shared voting and shared dispositive power over these 445,792 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a substantial institutional investment group has disclosed a significant stake, suggesting confidence in the issuer's value, albeit in a passive capacity.

Positives

• A significant institutional investor group, Wolverine Asset Management and its affiliates, has taken a notable 6.1% stake in Wintergreen Acquisition Corporation, potentially signaling confidence in the company's prospects.
• The filing explicitly states the shares were acquired and are held in the ordinary course of business, not for control-influencing purposes, which can reduce concerns about activist investor actions.

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

StockSavvy.ai notes that a 6.1% stake by an investment adviser group like Wolverine Asset Management, while not a controlling interest, represents a significant passive investment. Such disclosures are common for institutional investors reaching the 5% ownership threshold, indicating their position in the market without necessarily implying strategic involvement in the company's operations.

Related Party Transactions

• Wolverine Flagship Fund Trading Limited is known to have the right to receive dividends or proceeds from the sale of the shares beneficially owned by Wolverine Asset Management, LLC.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may increase investor confidence and potentially influence market perception of the company's value.

Key Dates

Recommendation

The filing is a routine ownership disclosure (Schedule 13G) indicating a significant, but passive, stake by an institutional investor. It does not provide operational or financial performance data to warrant a 'buy' or 'sell' recommendation. The certification that the shares are held in the ordinary course of business and not for control purposes suggests a stable, long-term investment perspective from Wolverine, which supports a 'hold' position for existing investors and a neutral stance for potential new investors awaiting more fundamental company news.

Keywords

Wintergreen Acquisition Corporation, Wolverine Asset Management, Wolverine Holdings, beneficial ownership, Schedule 13G, ordinary shares, institutional investment, SEC filing, G9717M109