BLAIZE HLDGS INC

Ticker: BZAIW CUSIP: 092915115 Class: *W EXP 01/13/203

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

UBS Group AG
Value ($000) $0 Shares 449

Increased Positions (4)

ARISTEIA CAPITAL, L.L.C.
Value ($000) $195 (+57.5%) Shares 514,598 (+155.6%)
Caption Management, LLC
Value ($000) $359 (+20.8%) Shares 898,556 (+87.6%)
WOLVERINE ASSET MANAGEMENT LLC
Value ($000) $161 (+63.2%) Shares 402,909 (+153.5%)
Hudson Bay Capital Management LP
Value ($000) $182 (-11.3%) Shares 455,888 (+37.7%)

Decreased Positions (9)

Q Global Advisors, LLC
Value ($000) $0 (-61.3%) Shares 150,000 (-40.0%)
HIGHBRIDGE CAPITAL MANAGEMENT LLC
Value ($000) $27 (-83.2%) Shares 72,785 (-71.8%)
Saba Capital Management, L.P.
Value ($000) $332 (-46.0%) Shares 874,225 (-11.7%)
Ionic Capital Management LLC
Value ($000) $34 (-54.6%) Shares 84,427 (-29.4%)
Clear Street Group Inc.
Value ($000) $81 (-55.5%) Shares 201,429 (-30.9%)
Yakira Capital Management, Inc.
Value ($000) $11 (-58.9%) Shares 26,439 (-36.2%)
Shaolin Capital Management LLC
Value ($000) $16 (-63.2%) Shares 40,000 (-42.9%)
Sculptor Capital LP
Value ($000) $85 (-44.9%) Shares 223,724 (-10.5%)
Apollon Wealth Management, LLC
Value ($000) $40 (-38.7%) Shares 100,500 (-4.7%)

Exited Positions (4)

METEORA CAPITAL, LLC
Value ($000) $493 Shares 793,489
Polar Asset Management Partners Inc.
Value ($000) $25 Shares 39,900
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $10 Shares 15,633
SkyView Investment Advisors, LLC
Value ($000) $0 Shares 100,000