Tribeca Strategic Acquisition Corp. (BID) shares are the subject of beneficial-ownership reporting by Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust and Robert R. Bellick. Each is attributed shared voting and dispositive power over 859,268 Class A ordinary shares, and each is reported as a beneficial owner of 5.88%; these figures refer to the same share position, not four separate holdings.
Wolverine Asset Management is an investment adviser, Wolverine Holdings is its sole member and manager, and Gust and Bellick may be deemed to control Wolverine Holdings as managers. The reported percentages use 14,610,000 Class A ordinary shares outstanding as of August 12, 2026. Wolverine Flagship Fund Trading Limited is identified as having the right to receive dividends or sale proceeds from shares covered by Wolverine Asset Management’s statement.
Tribeca Strategic Acquisition Corp., a Cayman Islands-based SPAC, completed its June 1, 2026 IPO, selling 14,000,000 units at $10.00 each and a concurrent 470,000-unit private placement, then depositing $140,350,000 into a U.S. Treasury-focused Trust Account. As of June 30, 2026, the Trust held $140,758,257, including interest, while cash outside the Trust was $714,247, working capital was $168,756, and shareholders’ deficit was $4,748,822.
For the quarter, the company reported net income of $243,475, driven mainly by $408,257 of interest on Trust investments and a $53,700 gain from remeasuring the over-allotment option liability, partially offset by $228,865 of general and administrative expenses. Management discloses that projected liquidity raises substantial doubt about the company’s ability to continue as a going concern unless it completes a business combination within its Completion Window ending March 1, 2028.
Tribeca Strategic Acquisition Corp. has a significant shareholder group led by several LMR entities and individuals Ben Levine and Stefan Renold, which together report beneficial ownership of 1,000,000 Class A ordinary shares as of June 30, 2026. These shares are held indirectly through LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, each of which acquired 500,000 units in the issuer’s IPO, with each unit containing one Class A ordinary share and a right. In total, the position represents 6.8% of the 14,610,000 Class A ordinary shares outstanding as of June 1, 2026, with the LMR group having shared power to vote and dispose of all 1,000,000 shares and no sole voting or dispositive power.
In addition, the funds hold rights to receive 100,000 Class A ordinary shares in the aggregate, which will become exchangeable into one-tenth of a share per right only upon consummation of the issuer’s initial business combination.
Tribeca Strategic Acquisition Corp received a Schedule 13G filing from a Magnetar-managed group disclosing a significant passive stake in its Class A ordinary shares. As of June 30, 2026, Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman beneficially owned 1,300,000 shares, or 8.90% of Tribeca’s outstanding Class A shares.
The shares are held across several Magnetar-sponsored funds, and the reporting persons share both voting and dispositive power over all 1,300,000 shares, with no sole voting or dispositive power. The ownership percentage is based on 14,610,000 shares outstanding referenced from an issuer Form 8-K.
On July 17, 2026, Tribeca Strategic Acquisition Corp. announced that, commencing on July 20, 2026, holders of its publicly traded units may elect to trade the underlying Class A ordinary shares and rights separately. Each unit currently consists of one Class A ordinary share, par value $0.0001 per share, and one right.
After separation, Class A ordinary shares are expected to trade on the Nasdaq Global Market under the symbol “BID”, rights under “BIDWR”, and any units not separated will continue under “BIDWU”. Each right entitles its holder to receive one-tenth (1/10) of one Class A ordinary share upon consummation of an initial business combination. Tribeca is a blank check company focused on software, technology, artificial intelligence, digital asset, clean energy and other high growth sectors.