GalaxyEdge Acquisition Corp. (GLED) sees 3.65% stake by Wolverine
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Wolverine Asset Management, LLC and related reporting persons amended their ownership disclosure for GalaxyEdge Acquisition Corp., reporting beneficial ownership of 583,001 ordinary shares. These shares carry shared, but not sole, voting and dispositive power for each reporting person.
The position represents 3.65% of GalaxyEdge’s outstanding ordinary shares, calculated using 15,982,500 shares outstanding as of May 20, 2026. Wolverine Holdings, LLC, and individuals Robert R. Bellick and Christopher L. Gust may each be deemed to share control over this stake.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 583,001 ordinary shares
Ownership percentage: 3.65%
Shares outstanding: 15,982,500 ordinary shares
+3 more
6 metrics
Shares beneficially owned
583,001 ordinary shares
Beneficially owned by Wolverine Asset Management, LLC and related reporting persons
Ownership percentage
3.65%
Percent of GalaxyEdge Acquisition Corp. outstanding ordinary shares
Shares outstanding
15,982,500 ordinary shares
Shares outstanding as of May 20, 2026 used to calculate ownership
Par value per share
$0.0001 per share
Par value of GalaxyEdge Acquisition Corp. ordinary shares
Date of event
06/30/2026
Date associated with the reported beneficial ownership in the amendment
Number of reporting persons
4
Wolverine Asset Management, Wolverine Holdings, Christopher L. Gust, and Robert R. Bellick
Key Terms
beneficial owner, shared power to vote, shared power to dispose, investment adviser
4 terms
beneficial owner regulatory
"WAM may be deemed the beneficial owner of 3.65% of the Issuer's outstanding"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
investment adviser financial
"Wolverine Asset Management, LLC ("WAM") is an investment adviser and has voting"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
FAQ
What percentage of GalaxyEdge Acquisition Corp. (GLED) does Wolverine Asset Management report owning?
Wolverine Asset Management and related filers report beneficial ownership of 3.65% of GalaxyEdge Acquisition Corp.’s outstanding ordinary shares, representing 583,001 shares based on 15,982,500 shares outstanding as of May 20, 2026, all held with shared voting and dispositive power.
Who are the reporting persons in the GalaxyEdge Acquisition Corp. (GLED) Schedule 13G/A amendment?
The amendment lists four reporting persons: Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust, and Robert R. Bellick. Wolverine Holdings is the sole member and manager of Wolverine Asset Management, and Messrs. Gust and Bellick are managers of Wolverine Holdings.
How was the 3.65% ownership stake in GalaxyEdge (GLED) calculated for Wolverine?
The 3.65% figure is calculated by dividing 583,001 beneficially owned shares by 15,982,500 ordinary shares outstanding as of May 20, 2026, as referenced from GalaxyEdge Acquisition Corp.’s Form 10-Q filed on May 20, 2026, which provided the outstanding share count.
Does Wolverine Asset Management own 5 percent or more of GalaxyEdge Acquisition Corp. (GLED)?
No. The filing states that Wolverine Asset Management and the other reporting persons beneficially own 3.65% of the ordinary shares of GalaxyEdge Acquisition Corp. An item in the report specifically notes ownership of 5 percent or less of a class of the issuer’s securities.