WOLVERINE ASSET MANAGEMENT LLC 4
4 · Eureka Acquisition Corp · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Eureka (EURK) 10% Holder Wolverine Asset Mgmt Sells 395,924 Shares
What Happened
- Wolverine Asset Management LLC (reported as a 10% owner) disposed of 395,924 shares of Eureka Acquisition Corp Class A common stock via redemption, at an estimated price of $11.44 per share, for a total of approximately $4,529,371. The redemption was elected in connection with the issuer’s special meeting of stockholders scheduled for June 29, 2026. The transaction date reported on the Form 4 is June 24, 2026.
Key Details
- Transaction date: 2026-06-24; estimated price: $11.44 per share; total value: ~$4,529,371.
- Reporting person: Wolverine Asset Management LLC — manager of Wolverine Flagship Fund Trading Limited (the Fund). Wolverine Holdings, LLC is the sole member/manager of WAM; Robert R. Bellick and Christopher L. Gust may be deemed to control WH (see footnote).
- Shares owned after transaction: not specified in the filing.
- Footnote on price: the $11.44 redemption price is an estimate; the reporting persons say they will amend the Form 4 if the final redemption price is updated and materially different.
- Filing: Form 4 was filed on 2026-07-07. Because the reported transaction date is 2026-06-24, this appears to have been filed more than two business days after the transaction (i.e., late for a Form 4), and the filing notes the potential for an amendment regarding the final redemption price.
Context
- This was a redemption of shares by a substantial institutional holder, not an open-market sale by an individual executive. Redemptions are a routine way for holders of SPAC or similar shares to exit at the applicable redemption price and do not necessarily signal insider views on the company’s long-term prospects.
Insider Transaction Report
Form 4Exit
Transactions
- Other
Class A Ordinary Shares
[F2][F1]2026-06-24$11.44/sh−395,924$4,529,371→ 0 total(indirect: by Wolverine Flagship Fund Trading Limited)
Footnotes (2)
- [F1]The Securities are held by Wolverine Flagship Fund Trading Limited (the "Fund"). Wolverine Asset Management, LLC ("WAM") is the manager of the Fund, and Wolverine Holdings, LLC ("WH") is the sole member and manager of WAM. Robert R. Bellick and Christopher L. Gust may be deemed to control WH through their roles as Managers of WH. In such capacities, each of the Reporting Persons may be deemed to beneficially own the securities reported herein, but disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest in them.
- [F2]The Reporting Persons elected to redeem these shares of the Issuer's Class A Common Stock for cash in connection with the Issuer's special meeting of stockholders on June 29, 2026. The redemption price is currently estimated to be approximately $11.44 per share. The Reporting Persons will file an amendment to this Form 4 to disclose the final redemption price if it is updated, and is materially different from the redemption price reported herein.