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Hugreat details 18% Alpex Acquisition (ALPXU) stake and unit holdings

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Hugreat Ltd and Ningdi Shi report holding 2,662,500 ordinary shares of Alpex Acquisition Corp, representing about 18.0% of the company’s outstanding ordinary shares as of June 26, 2026.

The stake includes 2,475,000 Class B founder shares and 187,500 Class A shares underlying private placement units purchased alongside the initial public offering. Each unit also carries a warrant exercisable at $11.50 and a right to one-fourth of a Class A share.

The filing notes prior founder-share transfers to the CEO, CFO and certain directors at $0.01 per share, and states that the reporting persons currently have no specific plans for corporate changes, though they may acquire additional shares depending on market conditions.

Positive

  • None.

Negative

  • None.
Beneficial ownership 2,662,500 ordinary shares Hugreat Ltd and Ningdi Shi stake in Alpex as of June 26, 2026
Ownership percentage 18.0% of ordinary shares Portion of 14,792,500 Alpex ordinary shares outstanding
Class B founder shares 2,475,000 Class B ordinary shares Held by sponsor Hugreat Ltd
Private placement units 187,500 units Acquired June 26, 2026 in private placement at IPO
Founder share purchase price $25,000 total For 2,875,000 Class B shares on March 18, 2026 (~$0.01/share)
Warrant exercise price $11.50 per Class A share Warrants included in each private placement unit
Shares outstanding 14,792,500 ordinary shares Including 11,917,500 Class A and 2,875,000 Class B as of June 26, 2026
beneficially own financial
"The Reporting Persons beneficially own 2,662,500 ordinary shares, representing approximately 18.0% issued and outstanding ordinary shares."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Class B ordinary shares financial
"On March 18, 2026, the Issuer issued 2,875,000 Class B ordinary shares, par value $0.0001 per share, to the Sponsor for a purchase price of $25,000"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
private placement units financial
"the Sponsor acquired 187,500 private placement units in the private placement."
warrant exercisable financial
"Each private placement unit consists of one Class A ordinary share, one warrant exercisable for one Class A ordinary share at an exercise price of $11.50"
initial public offering financial
"On June 26, 2026, simultaneously with the Issuer's initial public offering, the Sponsor acquired 187,500 private placement units"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
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FAQ

How much of Alpex Acquisition Corp (ALPXU) do Hugreat Ltd and Ningdi Shi own?

They beneficially own 2,662,500 ordinary shares, or about 18.0% of Alpex Acquisition Corp’s outstanding ordinary shares. This percentage is based on 14,792,500 ordinary shares outstanding as of June 26, 2026, including both Class A and Class B shares.

What types of Alpex Acquisition Corp shares are held by Hugreat Ltd and Ningdi Shi?

The reported holdings include 2,475,000 Class B ordinary shares and 187,500 Class A ordinary shares. The Class A shares are underlying 187,500 private placement units acquired simultaneously with the company’s initial public offering on June 26, 2026.

How did Hugreat Ltd acquire its founder shares in Alpex Acquisition Corp (ALPXU)?

On March 18, 2026, Alpex issued 2,875,000 Class B ordinary shares to the sponsor for $25,000. This equates to approximately $0.01 per share, reflecting the sponsor’s initial founder investment before subsequent transfers to executives and directors.

What private placement did the Alpex Acquisition Corp sponsor participate in?

On June 26, 2026, the sponsor bought 187,500 private placement units in a private placement tied to the IPO. Each unit includes one Class A share, one warrant exercisable at $11.50, and a right to receive one-fourth of a Class A share.

Which Alpex Acquisition Corp insiders received founder shares from the sponsor?

On March 26, 2026, the sponsor transferred Class B shares to Xiaolin Zheng and Ying Xu. It later transferred 20,000 Class B shares each to “Joy” Yi Hua, Xin Yue Jasmine Geffner and Yuanmei Ma on June 24, 2026, all at $0.01 per share.

Do Hugreat Ltd and Ningdi Shi plan changes at Alpex Acquisition Corp (ALPXU)?

The filing states they currently have no plans for major corporate changes such as mergers or board restructurings. However, they may consider acquiring additional ordinary shares over time, depending on market, economic and other conditions.





G63325107

(CUSIP Number)
Ningdi Shi
Director of Hugreat Ltd, Intershore Chambers, Road Town
Tortola, D8, VG1110
86 755-8633 1019


Hugreat Ltd
Intershore Chambers, Road Town,
Tortola, D8, VG1110
86 755-8633 1019

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/26/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Includes (i) 2,475,000 Class B ordinary shares, par value $0.0001 per share (the "Class B ordinary shares"), of Alpex Acquisition Corporation (the "Issuer"), also referred to as insider shares, held by Hugreat Ltd (the "Sponsor"); and (ii) 187,500 Class A ordinary shares, par value $0.0001 per share (the "Class A ordinary shares" and, together with the Class B ordinary shares, the "ordinary shares"), underlying 187,500 private placement units acquired by the Sponsor in a private placement simultaneously with the consummation of the Issuer's initial public offering. Each private placement unit consists of one Class A ordinary share, one warrant exercisable for one Class A ordinary share at an exercise price of $11.50, and one right to receive one-fourth (1/4) of one Class A ordinary share. Class B Ordinary Shares will automatically convert into Class A Ordinary Shares on one-for-one basis upon the consummation of an initial business combination, or at any time and from time to time at the option of the holders. (2) The Sponsor is the record holder of the ordinary shares reported herein. Ms. Ningdi Shi is the sole member and a director of the Sponsor, which entitles her to voting, dispositive or investment power over the Sponsor. As such, Ms. Ningdi Shi is deemed to have voting and dispositive rights over the securities of the Issuer held by the Sponsor.


SCHEDULE 13D




Comment for Type of Reporting Person:
(3) The Sponsor is the record holder of the ordinary shares reported herein. Ms. Ningdi Shi is the sole member and a director of the Sponsor, which entitles her to voting, dispositive or investment power over the Sponsor. As such, Ms. Ningdi Shi is deemed to have voting and dispositive rights over the securities of the Issuer held by the Sponsor.


SCHEDULE 13D


Hugreat Ltd.
Signature:/s/ Ningdi Shi
Name/Title:Ningdi Shi/Director
Date:07/02/2026
Ningdi Shi
Signature:/s/ Ningdi Shi
Name/Title:Ningdi Shi
Date:07/02/2026