Four Leaf Acquisition (FORL) holder redeems 184,038 SPAC shares
Rhea-AI Filing Summary
Wolverine Asset Management, LLC, as manager of Wolverine Flagship Fund Trading Limited, reported the redemption/sale of 184,038 shares of Four Leaf Acquisition Corp Class A Common Stock on June 22, 2026 at an estimated $12.06 per share as part of the SPAC redemption process, leaving this indirect position at 0 shares.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 184,038 shares
Net Sell
1 txn
Insider
WOLVERINE ASSET MANAGEMENT LLC, Wolverine Holdings, LLC, Wolverine Trading Partners, Inc., Bellick Robert, Gust Christopher
Role
Insider | Insider | Insider | Insider | Insider
Sold
184,038 shs ($2.22M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2, F3 | 184,038 | $12.06 | $2.22M |
Holdings After Transaction:
Class A Common Stock — 0 shares (Indirect, by Wolverine Asset Management, LLC as manager of Wolverine Flagship Fund Trading Limited)
Footnotes (3)
- F1. Redemption numbers announced in an 8-K the Issuer filed on July 23, 2026 for June 22, 2026.
- F2. Redemption of shares of special purpose acquisition company.
- F3. Estimated redemption price at the time of the special meeting based on the amount in the special purpose acquisition company's trust account according to the Issuer's Proxy Statement filed on June 12, 2026 for the special meeting on June 22, 2026.
Key Figures
Shares redeemed/sold: 184,038 shares
Estimated redemption price: $12.06 per share
Indirect holdings after transaction: 0 shares
+1 more
4 metrics
Shares redeemed/sold
184,038 shares
Class A Common Stock transaction on June 22, 2026
Estimated redemption price
$12.06 per share
Based on SPAC trust account at the June 22, 2026 special meeting
Indirect holdings after transaction
0 shares
Held by Wolverine Asset Management, LLC as manager of Wolverine Flagship Fund Trading Limited
Transaction date
June 22, 2026
Date of SPAC share redemption for Four Leaf Acquisition Corp
Key Terms
special purpose acquisition company, redemption price, trust account, special meeting
4 terms
special purpose acquisition company financial
"Redemption of shares of special purpose acquisition company."
A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.
redemption price financial
"Estimated redemption price at the time of the special meeting based on the amount"
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.
trust account financial
"based on the amount in the special purpose acquisition company's trust account"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
special meeting financial
"Proxy Statement filed on June 12, 2026 for the special meeting on June 22, 2026."
A special meeting is a shareholder gathering called outside the regular annual meeting to decide on urgent or specific corporate matters, such as mergers, major asset sales, changes to the board, or shareholder proposals. It matters to investors because decisions made there can quickly alter a company’s strategy, ownership or value—like a sudden boardroom decision that changes the game—so shareholders may need to vote, adjust holdings, or reassess risk based on the outcome.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction involving FORL did Wolverine Asset Management report?
Wolverine Asset Management, via Wolverine Flagship Fund Trading Limited, redeemed 184,038 Four Leaf Acquisition Class A shares. The redemption occurred on June 22, 2026 as part of the SPAC’s shareholder redemption process at an estimated $12.06 per-share price based on the trust account.
Was the FORL insider transaction an open-market sale or a SPAC redemption?
Although coded as a sale, the transaction is described as a redemption of SPAC shares. Footnotes explain it reflects redemption of Four Leaf Acquisition’s SPAC shares using the trust account–based redemption price disclosed for the June 22, 2026 special meeting.
Were the FORL transactions by Wolverine Asset Management under a Rule 10b5-1 plan?
The transaction was not affirmatively reported as under a Rule 10b5-1 trading plan. The Form 4’s Rule 10b5-1 checkbox is left unchecked, and the related footnotes discuss SPAC share redemptions, not any pre-arranged trading plan.
Which reporting persons are associated with the FORL Form 4 filing?
Reporting persons include Wolverine Asset Management LLC, Wolverine Holdings LLC, Wolverine Trading Partners Inc., Robert Bellick, and Christopher Gust. Each is described as a former 10% owner in relation to Four Leaf Acquisition Corp in this insider transaction report.