Hugreat details 18% Alpex Acquisition (ALPXU) stake and unit holdings
Filing Impact
Filing Sentiment
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.
Key Figures
Beneficial ownership: 2,662,500 ordinary shares
Ownership percentage: 18.0% of ordinary shares
Class B founder shares: 2,475,000 Class B ordinary shares
+4 more
7 metrics
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
Key Terms
beneficially own, Class B ordinary shares, private placement units, warrant exercisable, +2 more
6 terms
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.
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.
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 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.
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.