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    SEC Form SC 13G/A filed by Zalatoris Acquisition Corp. (Amendment)

    2/21/24 6:01:29 AM ET
    $TCOA
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    SC 13G/A 1 ef20021920_sc13ga.htm SC 13G/A
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934

    (Amendment No. 1)*

    Zalatoris Acquisition Corp.
    (Name of Issuer)

    Class A Common Stock, par value $0.0001
    (Title of Class of Securities)

    89301B104
    (CUSIP Number)

    January 14, 2024
    (Date of Event which Requires Filing of this Statement)

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    ☒  Rule 13d-1(b)

    ☐  Rule 13d-1(c)

    ☐  Rule 13d-1(d)

    *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.
    89301B104

    1
    NAMES OF REPORTING PERSONS
     
     
    Wolverine Asset Management, LLC
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Illinois
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
     
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    79,188
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
     
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    79,188
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    79,188
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    2.75%
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IA
     
     
     
     

    Page 2 of 10

    CUSIP No.
    89301B104

    1
    NAMES OF REPORTING PERSONS
     
     
    Wolverine Holdings, L.P.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Illinois
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
     
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    79,198
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
     
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    79,198
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    79,198
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    2.75%
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    HC
     
     
     
     

    Page 3 of 10

    CUSIP No.
    89301B104

    1
    NAMES OF REPORTING PERSONS
     
     
    Wolverine Trading Partners, Inc.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Illinois
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
     
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    79,198
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
     
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    79,198
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    79,198
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    2.75%
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    CO/HC
     
     
     
     

    Page 4 of 10

    CUSIP No.
    89301B104

    1
    NAMES OF REPORTING PERSONS
     
     
    Christopher L. Gust
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    US Citizen
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
     
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    79,198
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
     
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    79,198
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    79,198
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    2.75%
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IN/HC
     
     
     
     

    Page 5 of 10

    CUSIP No.
    89301B104

    1
    NAMES OF REPORTING PERSONS
     
     
    Robert R. Bellick
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    US Citizen
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
     
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    79,198
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
     
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    79,198
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    79,198
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    2.75%
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IN/HC
     
     
     
     

    Page 6 of 10

    Item 1.
     
    (a)
    Name of Issuer:
     
    Zalatoris Acquisition Corp.
     
    (b)
    Address of Issuer’s Principal Executive Offices:
     
    99 Wall Street, Suite 5801
    New York, NY 10005
     
    Item 2.
     
    (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 per share.
     
    (e)
    CUSIP No.:
     
    89301B104
     
    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:

     
    (a)
    ☐
    Broker or dealer registered under Section 15 of the Act;
           
     
    (b)
    ☐
    Bank as defined in Section 3(a)(6) of the Act;
           
     
    (c)
    ☐
    Insurance company as defined in Section 3(a)(19) of the Act;

    Page 7 of 10

     
    (d)
    ☐
    Investment company registered under Section 8 of the Investment Company Act of 1940;
           
     
    (e)
    ☒
    An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
           
     
    (f)
    ☐
    An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
           
     
    (g)
    ☒
    A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
           
     
    (h)
    ☐
    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
           
     
    (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;
           
     
    (j)
    ☐
    A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
           
     
    (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
     
    (a)
    Amount Beneficially Owned:
     
    Wolverine Asset Management, LLC (“WAM”) is an investment manager and has voting and dispositive power over 79,188 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. Each of Wolverine Holdings, Mr. Bellick, Mr. Gust, and WTP have voting and disposition power over 79,198 shares of Class A Common Stock.
     
     (b)
    Percent of Class:  2.75%
     
    WAM may be deemed the beneficial owner of 2.75% 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 2.75% of the Issuer’s outstanding shares of Class A Common Stock. Percentages were calculated by dividing the number of shares deemed beneficially owned by each reporting person by 2,877,745 (the number of shares of Class A Common Stock outstanding as of January 17, 2024 as reported in the Issuer’s Form 8-K filed on January 17, 2024 for January 12, 2024).
     
     (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:
     
    WAM has shared power to vote or direct the vote of 79,188 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 of 79,198 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:
     
    WAM has shared power to dispose or direct the disposition of 79,188 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 79,198 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.
     
    Wolverine Flagship Fund Trading Limited is known to have the right to receive the receipt of dividends from, or the proceeds from the sale of, the shares of Class A Common Stock covered by this statement that may be deemed to be beneficially owned by WAM.
     
    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.
     
    Item 10.
    Certifications.

    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:  February 16, 2024
     
       
     
    Wolverine Asset Management, LLC
       
     
    /s/ Kenneth L. Nadel
     
    Signature
       
     
    Kenneth L. Nadel, Chief Operating Officer
     
    Name/Title
       
     
    Wolverine Holdings, L.P.
       
     
    /s/Christopher L. Gust
     
    Signature
       
     
    Christopher L. Gust, Managing Director
     
    Name/Title
       
     
    Wolverine Trading Partners, Inc.
       
     
    /s/Christopher L. Gust
     
    Signature
       
     
    Christopher L. Gust, Authorized Signatory
     
    Name/Title
       
     
    /s/Christopher L. Gust
     
    Christopher L. Gust
       
     
    /s/ Robert R. Bellick
     
    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

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