Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Pono Capital Two, Inc.
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(Name of Issuer)
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Class A Common Stock, par value $0.0001
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(Title of Class of Securities)
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73245B107
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(CUSIP Number)
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February 5, 2024
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(Date of Event which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒ |
Rule 13d-1(b)
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☐ |
Rule 13d-1(c)
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☐ |
Rule 13d-1(d)
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*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13G
CUSIP No.
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73245B107
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1
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NAMES OF REPORTING PERSONS
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Wolverine Asset Management, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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||||
(a)☐
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|||||
(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Illinois
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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0
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||||
7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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0
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||||
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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0
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|||
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||||
10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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0%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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Page 2 of 10
CUSIP No.
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73245B107
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1
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NAMES OF REPORTING PERSONS
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Wolverine Holdings, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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||||
(a)☐
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|||||
(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Illinois
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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0
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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0%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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HC
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Page 3 of 10
CUSIP No.
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73245B107
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1
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NAMES OF REPORTING PERSONS
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Wolverine Trading Partners, Inc.
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|
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
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|||||
(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Illinois
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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0
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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0%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO/HC
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Page 4 of 10
CUSIP No.
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73245B107
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1
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NAMES OF REPORTING PERSO
NS
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Christopher L. Gust
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|||
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
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|||||
(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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US Citizen
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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8
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SHARED DISPOSITIVE POWER
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0
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||||
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
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0
|
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|||
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||||
10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
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||
☐
|
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|||
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||||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
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0%
|
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|||
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||||
12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
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IN/HC
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|||
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Page 5 of 10
CUSIP No.
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73245B107
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Robert R. Bellick
|
|
|
|||
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|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☐
|
|
|
|||
3
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SEC USE ONLY
|
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||
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|||
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||||
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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US Citizen
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|||
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||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
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SOLE VOTING POWER
|
|
|
|
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|||
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||||
6
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SHARED VOTING POWER
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0
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|||
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||||
7
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SOLE DISPOSITIVE POWER
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||
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|||
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||||
8
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SHARED DISPOSITIVE POWER
|
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||
0
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|||
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||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
0
|
|
|
|||
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|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
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||
0%
|
|
|
|||
|
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||||
12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
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||
IN/HC
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|||
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Page 6 of 10
Item 1.
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(a) |
Name of Issuer:
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Pono Capital Two, Inc.
(b) |
Address of Issuer’s Principal Executive Offices:
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643 Ilalo Street, #102
Honolulu, Hawaii 96813
Item 2.
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(a) |
Name of Person Filing:
|
Wolverine Asset Management, LLC
Wolverine Holdings, L.P.
Wolverine Trading Partners, Inc.
Christopher L. Gust
Robert R. Bellick
(b) |
Address of Principal Business Office or, if None, Residence:
|
c/o Wolverine Asset Management, LLC
175 West Jackson Boulevard, Suite 340
Chicago, IL 60604
(c) |
Citizenship:
|
Wolverine Asset Management, LLC — Illinois
Wolverine Holdings, L.P. — Illinois
Wolverine Trading Partners, Inc. — Illinois
Christopher L. Gust — US Citizen
Robert R. Bellick — US Citizen
(d) |
Title and Class of Securities:
|
Class A Common Stock, par value $0.0001
(e) |
CUSIP No.:
|
73245B107
Item 3. |
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
|
☐ |
Broker or dealer registered under Section 15 of the Act;
|
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(b)
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☐ |
Bank as defined in Section 3(a)(6) of the Act;
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(c)
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☐ |
Insurance company as defined in Section 3(a)(19) of the Act;
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(d)
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☐ |
Investment company registered under Section 8 of the Investment Company Act of 1940;
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Page 7 of 10
(e)
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☒ |
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
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(f)
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☐ |
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
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(g)
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☒ |
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
|
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(h)
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☐ |
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
|
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(i)
|
☐ |
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
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(j)
|
☐ |
A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
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(k)
|
☐ |
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
|
Item 4. |
Ownership
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(a) |
Amount Beneficially Owned: 0
|
Wolverine Asset Management, LLC (“WAM”) is an investment manager and has voting and dispositive power over 0 shares of Class A Common Stock. The sole member and manager of WAM is
Wolverine Holdings, L.P. (“Wolverine Holdings”). Robert R. Bellick and Christopher L. Gust may be deemed to control Wolverine Trading Partners, Inc. (“WTP”), the general partner of Wolverine Holdings.
(b)
|
Percent of Class: 0%
|
WAM may be deemed the beneficial owner of 0% of the Issuer’s outstanding Class A Common Stock and each of Wolverine Holdings, WTP, Mr. Bellick, and Mr. Gust may be deemed the beneficial owner of 0% of the Issuer’s
outstanding shares of the Issuer’s Class A Common Stock.
(c) |
Number of shares as to which such person has:
|
(i) |
Sole power to vote or to direct the vote: 0
|
(ii) |
Shared power to vote or to direct the vote: 0
|
WAM has shared power to vote or direct the vote of 0 shares of Class A Common Stock of the Issuer, and each of Wolverine Holdings, WTP, Mr. Bellick, and Mr. Gust has shared power to vote or direct
the vote 0 shares of Class A Common Stock of the Issuer, in each case as set forth in Item 4(a) above.
(iii) |
Sole power to dispose or to direct the disposition of: 0
|
(iv) |
Shared power to dispose or to direct the disposition of: 0
|
WAM has shared power to dispose or direct the disposition of 0 shares of Class A Common Stock of the Issuer, and each of Wolverine Holdings, WTP, Mr. Bellick, and Mr. Gust has shared power to
dispose or direct the disposition of 0 shares of Class A Common Stock of the Issuer, in each case as set forth in Item 4(a) above.
Page 8 of 10
Item 5. |
Ownership of Five Percent or Less of a Class.
|
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check
the following ☒.
Item 6. |
Ownership of more than Five Percent on Behalf of Another Person.
|
Item 7. |
Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.
|
Item 8. |
Identification and classification of members of the group.
|
Item 9. |
Notice of Dissolution of Group.
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Item 10. |
Certifications.
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Page 9 of 10
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: March 1, 2024
|
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Wolverine Asset Management, LLC
|
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/s/ Kenneth L. Nadel
|
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Signature
|
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Kenneth L. Nadel, Chief Operating Officer
|
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Name/Title
|
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Wolverine Holdings, L.P.
|
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/s/Christopher L. Gust
|
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Signature
|
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Christopher L. Gust, Managing Director
|
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Name/Title
|
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Wolverine Trading Partners, Inc.
|
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/s/Christopher L. Gust
|
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Signature
|
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Christopher L. Gust, Authorized Signatory
|
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Name/Title
|
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0; | |
/s/Christopher L. Gust
|
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Christopher L. Gust
|
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/s/ Robert R. Bellick
|
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Robert R. Bellick
|
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other
than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which
is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).
Page 10 of 10