FourWorld Capital Management LLC Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SOC	SABLE OFFSHORE CORP	8,105,608	$73,113	59.3%	$9.44	0.0%	—	78574H104
XLE	SELECT SECTOR SPDR TR	100,000	$4,471	3.6%	$44.71	—	—	81369Y506
QQQ	INVESCO QQQ TR	7,000	$4,300	3.5%	—	—	PUT	46090E103
XOM	EXXON MOBIL CORP	25,000	$3,009	2.4%	—	—	CALL	30231G102
SOC	SABLE OFFSHORE CORP	306,500	$2,765	2.2%	$9.44	0.0%	CALL	78574H104
PRTH	PRIORITY TECHNOLOGY HLDGS IN	368,321	$2,007	1.6%	$6.19	0.0%	—	74275G107
MX	MAGNACHIP SEMICONDUCTOR CORP	216,108	$551	0.4%	$2.78	0.0%	—	55933J203

Increased Positions (7)

IWM ISHARES TR 5.0%

Value ($000) $6,154 (+69.6%) Shares 25,000 (+66.7%) Est. Cost — Unrealized —

AIRS AIRSCULPT TECHNOLOGIES INC 0.8%

Value ($000) $951 (-69.7%) Shares 480,274 (+22.8%) Est. Cost $5.22 Unrealized +16.4%

WW WW INTL INC 1.4%

Value ($000) $1,764 (+121.2%) Shares 60,375 (+107.1%) Est. Cost $31.04 Unrealized -10.0%

XGN EXAGEN INC 1.3%

Value ($000) $1,660 (-33.5%) Shares 273,000 (+20.3%) Est. Cost $6.77 Unrealized +34.3%

STIM NEURONETICS INC 1.0%

Value ($000) $1,285 (-17.1%) Shares 931,250 (+64.0%) Est. Cost $1.75 Unrealized +19.6%

TOI THE ONCOLOGY INSTITUTE INC 1.1%

Value ($000) $1,362 (+9.0%) Shares 382,700 (+6.9%) Est. Cost $2.19 Unrealized +69.1%

CVRX CVRX INC 1.0%

Value ($000) $1,278 (+9.2%) Shares 180,000 (+24.1%) Est. Cost $8.19 Unrealized +11.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	25,000 (+66.7%)	$6,154 (+69.6%)	5.0%	—	—	PUT	464287655
AIRS	AIRSCULPT TECHNOLOGIES INC	480,274 (+22.8%)	$951 (-69.7%)	0.8%	$5.22	+16.4%	—	009496100
WW	WW INTL INC	60,375 (+107.1%)	$1,764 (+121.2%)	1.4%	$31.04	-10.0%	—	98262P200
XGN	EXAGEN INC	273,000 (+20.3%)	$1,660 (-33.5%)	1.3%	$6.77	+34.3%	—	30068X103
STIM	NEURONETICS INC	931,250 (+64.0%)	$1,285 (-17.1%)	1.0%	$1.75	+19.6%	—	64131A105
TOI	THE ONCOLOGY INSTITUTE INC	382,700 (+6.9%)	$1,362 (+9.0%)	1.1%	$2.19	+69.1%	—	68236X100
CVRX	CVRX INC	180,000 (+24.1%)	$1,278 (+9.2%)	1.0%	$8.19	+11.4%	—	126638105

Exited Positions (9)

SPY SPDR S&P 500 ETF TR 14.0%

Value ($000) $17,321 Shares 26,000 Est. Cost — Unrealized —

ABUS ARBUTUS BIOPHARMA CORP 3.8%

Value ($000) $4,635 Shares 1,020,910 Est. Cost $2.71 Unrealized +65.8%

— ZEEKR INTELLIGENT TECHNOLOGY 1.2%

Value ($000) $1,518 Shares 49,789 Est. Cost $25.50 Unrealized —

AIRS AIRSCULPT TECHNOLOGIES INC 0.9%

Value ($000) $1,123 Shares 140,000 Est. Cost $5.22 Unrealized +16.4%

DAR DARLING INGREDIENTS INC 0.9%

Value ($000) $1,050 Shares 34,000 Est. Cost $33.40 Unrealized +1.3%

KSPI KASPI KZ JSC 0.7%

Value ($000) $817 Shares 10,000 Est. Cost $94.71 Unrealized —

BSM BLACK STONE MINERALS L P 0.5%

Value ($000) $653 Shares 49,714 Est. Cost $13.14 Unrealized —

CMBT CMB.TECH NV 0.4%

Value ($000) $503 Shares 53,607 Est. Cost $9.16 Unrealized +6.2%

— MOBILICOM LTD 0.4%

Value ($000) $476 Shares 51,211 Est. Cost $9.30 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	26,000	$17,321	14.0%	—	—	PUT	78462F103
ABUS	ARBUTUS BIOPHARMA CORP	1,020,910	$4,635	3.8%	$2.71	+65.8%	—	03879J100
—	ZEEKR INTELLIGENT TECHNOLOGY	49,789	$1,518	1.2%	$25.50	—	—	98923K103
AIRS	AIRSCULPT TECHNOLOGIES INC	140,000	$1,123	0.9%	$5.22	+16.4%	CALL	009496100
DAR	DARLING INGREDIENTS INC	34,000	$1,050	0.9%	$33.40	+1.3%	—	237266101
KSPI	KASPI KZ JSC	10,000	$817	0.7%	$94.71	—	—	48581R205
BSM	BLACK STONE MINERALS L P	49,714	$653	0.5%	$13.14	—	—	09225M101
CMBT	CMB.TECH NV	53,607	$503	0.4%	$9.16	+6.2%	—	B38564108
—	MOBILICOM LTD	51,211	$476	0.4%	$9.30	—	—	60742B102

Decreased Positions (3)

EVLV EVOLV TECHNOLOGIES HLDNGS IN 4.2%

Value ($000) $5,132 (-28.1%) Shares 716,792 (-24.1%) Est. Cost $3.58 Unrealized +98.8%

ESOA ENERGY SVCS ACQUISITION CORP 0.5%

Value ($000) $654 (-43.8%) Shares 80,000 (-28.8%) Est. Cost $10.01 Unrealized -4.4%

CDZI CADIZ INC 0.1%

Value ($000) $158 (+4.5%) Shares 28,184 (-12.0%) Est. Cost $3.49 Unrealized +53.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EVLV	EVOLV TECHNOLOGIES HLDNGS IN	716,792 (-24.1%)	$5,132 (-28.1%)	4.2%	$3.58	+98.8%	—	30049H102
ESOA	ENERGY SVCS ACQUISITION CORP	80,000 (-28.8%)	$654 (-43.8%)	0.5%	$10.01	-4.4%	—	29271Q103
CDZI	CADIZ INC	28,184 (-12.0%)	$158 (+4.5%)	0.1%	$3.49	+53.7%	—	127537207

Unchanged Positions (5)

SRG SERITAGE GROWTH PPTYS 2.9%

Value ($000) $3,618 Shares 1,113,243 Est. Cost $10.72 Unrealized -64.6%

BMY BRISTOL-MYERS SQUIBB CO 4.4%

Value ($000) $5,394 Shares 100,000 Est. Cost $55.48 Unrealized -14.3%

TASK TASKUS INC 1.0%

Value ($000) $1,179 Shares 100,000 Est. Cost $15.23 Unrealized -16.1%

TVGNW TEVOGEN BIO HLDGS INC 0.4%

Value ($000) $480 Shares 1,450,000 Est. Cost $3.75 Unrealized —

SLDP SOLID POWER INC 1.6%

Value ($000) $2,028 Shares 477,129 Est. Cost $7.76 Unrealized -28.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SRG	SERITAGE GROWTH PPTYS	1,113,243	$3,618	2.9%	$10.72	-64.6%	—	81752R100
BMY	BRISTOL-MYERS SQUIBB CO	100,000	$5,394	4.4%	$55.48	-14.3%	—	110122108
TASK	TASKUS INC	100,000	$1,179	1.0%	$15.23	-16.1%	—	87652V109
TVGNW	TEVOGEN BIO HLDGS INC	1,450,000	$480	0.4%	$3.75	—	—	88165K119
SLDP	SOLID POWER INC	477,129	$2,028	1.6%	$7.76	-28.8%	—	83422N105