WOLVERINE ASSET MANAGEMENT LLC 4

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.