Eureka Acquisition holder redeems 395,924 shares
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Form Type
4
Rhea-AI Filing Summary
Wolverine Flagship Fund Trading Limited, an entity associated with several former 10% owners of Eureka Acquisition Corp, elected to redeem 395,924 Class A Ordinary Shares for cash in connection with the company’s special meeting of stockholders on June 29, 2026. The estimated redemption price is approximately $11.44 per share, and the reporting persons plan to amend the filing if the final price is materially different. Following this redemption-related transaction, the indirect reported holdings of these shares were reduced to 0 shares, and the reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.
Insider Trade Summary
Other: 395,924 shares
Other
1 txn
Insider
WOLVERINE ASSET MANAGEMENT LLC, Wolverine Holdings, LLC, Bellick Robert, Gust Christopher
Role
Insider | Insider | Insider | Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Ordinary Shares | 395,924 | $11.44 | $4.53M |
Holdings After Transaction:
Class A Ordinary Shares — 0 shares (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.
Key Figures
Shares redeemed: 395,924 shares
Estimated redemption price: $11.44 per share
Shares after transaction: 0 shares
+1 more
4 metrics
Shares redeemed
395,924 shares
Class A Ordinary Shares redeemed for cash
Estimated redemption price
$11.44 per share
Approximate redemption price; subject to final update
Shares after transaction
0 shares
Total shares reported following redemption
Restructuring shares
395,924 shares
Shares classified as restructuring in transaction summary
Key Terms
redemption price, beneficially own, pecuniary interest, special meeting of stockholders, +1 more
5 terms
redemption price financial
"The redemption price is currently estimated to be approximately $11.44 per share."
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
beneficially own financial
"each of the Reporting Persons may be deemed to beneficially own the securities reported herein"
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.
pecuniary interest financial
"disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest in them"
special meeting of stockholders financial
"in connection with the Issuer's special meeting of stockholders on June 29, 2026"
A special meeting of stockholders is an unscheduled gathering called to let shareholders vote on specific, often urgent company decisions—like mergers, major asset sales, changes to the board, or amendments to governing rules. Think of it as an emergency town hall where owners cast ballots in person or by mail/online; outcomes can materially change a company’s strategy, control or value, so investors pay close attention and may need to vote or adjust holdings accordingly.
other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did EURK report in this Form 4?
Eureka Acquisition Corp reported that Wolverine Flagship Fund Trading Limited redeemed 395,924 Class A Ordinary Shares for cash. The transaction is tied to a special stockholder meeting and reflects a full exit from these reported shares.
Why was this redemption transaction reported under code J on the Form 4?
Transaction code J indicates “other acquisition or disposition” of securities. Here, it captures the redemption of 395,924 Eureka Acquisition Class A Ordinary Shares for cash, a non-standard transaction distinct from typical open-market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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