PHOENIX BIOTECH ACQUISITION

Ticker: CEROW CUSIP: 71902K113 Class: *W EXP 02/13/202

Holders for Q4 2025 Position Changes for Q4 2025

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

Exited Positions (21)

MMCAP International Inc. SPC
Value ($000) $5 Shares 375,000
Clear Street Group Inc.
Value ($000) $6 Shares 461,653
Blue Owl Capital Holdings LP
Value ($000) $3 Shares 224,930
TORONTO DOMINION BANK
Value ($000) $5 Shares 381,018
Saba Capital Management, L.P.
Value ($000) $4 Shares 295,913
LINDEN ADVISORS LP
Value ($000) $4 Shares 249,999
Context Capital Management, LLC
Value ($000) $2 Shares 122,013
NEXPOINT ASSET MANAGEMENT, L.P.
Value ($000) $1 Shares 108,741
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $1 Shares 98,468
Westchester Capital Management, LLC
Value ($000) $1 Shares 74,998
TENOR CAPITAL MANAGEMENT Co., L.P.
Value ($000) $1 Shares 50,000
WOLVERINE ASSET MANAGEMENT LLC
Value ($000) $0 Shares 33,796
Parallel Advisors, LLC
Value ($000) $0 Shares 27,500
WHITEBOX ADVISORS LLC
Value ($000) $0 Shares 23,250
Silver Rock Financial LP
Value ($000) $0 Shares 12,224
DUPONT CAPITAL MANAGEMENT CORP
Value ($000) $0 Shares 12,500
Calamos Advisors LLC
Value ($000) $0 Shares 12,500
Fortress Financial Solutions, LLC
Value ($000) $0 Shares 10,000
Q Global Advisors, LLC
Value ($000) $0 Shares 170,785
PICTON MAHONEY ASSET MANAGEMENT
Value ($000) $0 Shares 75,000