SPECTRAL AI INC

Ticker: MDAIW CUSIP: 84757T113 Class: Stock

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (3)

Empery Asset Management, LP

Value ($000) $15 Shares 33,336

BANK OF AMERICA CORP /DE/

Value ($000) $3 Shares 5,941

Value ($000) $0 Shares 200

Institution	Shares	Value ($000)
Empery Asset Management, LP	33,336	$15
BANK OF AMERICA CORP /DE/	5,941	$3
UBS Group AG	200	$0

Increased Positions (4)

ARISTEIA CAPITAL, L.L.C.

Value ($000) $167 (-18.1%) Shares 359,943 (+24.3%)

LMR Partners LLP

Value ($000) $138 (-22.6%) Shares 307,509 (+20.0%)

Caption Management, LLC

Value ($000) $38 (-15.2%) Shares 83,537 (+31.5%)

TORONTO DOMINION BANK

Value ($000) $53 (-33.4%) Shares 117,931 (+3.2%)

Institution	Prev Shares	Curr Shares	Change
ARISTEIA CAPITAL, L.L.C.	289,559	359,943	+70,384 (+24.3%)
LMR Partners LLP	256,281	307,509	+51,228 (+20.0%)
Caption Management, LLC	63,537	83,537	+20,000 (+31.5%)
TORONTO DOMINION BANK	114,219	117,931	+3,712 (+3.2%)

Decreased Positions (3)

HIGHBRIDGE CAPITAL MANAGEMENT LLC

Value ($000) $82 (-70.1%) Shares 181,272 (-52.7%)

Clear Street Group Inc.

Value ($000) $128 (-54.8%) Shares 285,205 (-29.9%)

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $2 (-88.0%) Shares 3,356 (-81.4%)

Institution	Prev Shares	Curr Shares	Change
HIGHBRIDGE CAPITAL MANAGEMENT LLC	383,618	181,272	-202,346 (-52.7%)
Clear Street Group Inc.	406,850	285,205	-121,645 (-29.9%)
WOLVERINE ASSET MANAGEMENT LLC	18,014	3,356	-14,658 (-81.4%)

Exited Positions (1)

BALYASNY ASSET MANAGEMENT L.P.

Value ($000) $135 Shares 190,324

Institution	Prev Shares	Prev Value ($000)
BALYASNY ASSET MANAGEMENT L.P.	190,324	$135