Ningdi Shi, through sponsor Hugreat Ltd., reported beneficial ownership of 18.0% of Alpex Acquisition Corp. Following the company’s June 26, 2026 IPO, the sponsor holds founder shares and private placement units that include Class A shares and warrants. The position gives Shi significant voting power via the sponsor’s holdings.
Investor Intent
Shi, via Hugreat Ltd., states no current plans for mergers, board changes, or other corporate actions at Alpex Acquisition Corp. The filing notes the sponsor "may from time to time acquire additional Ordinary Shares" but otherwise has "no plans or proposals" that would trigger major changes.
Investor's Background
Hugreat Ltd. is a British Virgin Islands company that serves as the sponsor of Alpex Acquisition Corp, a special purpose acquisition company. Ningdi Shi is the sole member and a director of Hugreat Ltd., giving her voting and investment control over the sponsor’s holdings. SPAC sponsors typically invest at formation, receive founder shares, and buy private placement units to support the IPO and future business combination.
Original SEC Filing:
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