ACTIVATE ENERGY ACQUISITION

Ticker: AEAQU CUSIP: G0081J129 Class: UNIT 11/10/2030

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (61)

KRYGER CAPITAL Ltd
Value ($000) $12,494 Shares 1,250,000
GRITSTONE ASSET MANAGEMENT LLC
Value ($000) $1,000 Shares 100,000
Wealthspring Capital LLC
Value ($000) $3,016 Shares 301,720
HGC Investment Management Inc.
Value ($000) $2,499 Shares 250,000
Crossingbridge Advisors, LLC
Value ($000) $1,502 Shares 150,000
Periscope Capital Inc.
Value ($000) $3,027 Shares 302,850
RIVERNORTH CAPITAL MANAGEMENT, LLC
Value ($000) $5,117 Shares 512,000
AQR Arbitrage LLC
Value ($000) $9,103 Shares 910,266
Saba Capital Management, L.P.
Value ($000) $6,993 Shares 699,609
Ilex Capital Partners (UK) LLP
Value ($000) $6,732 Shares 673,506
MMCAP International Inc. SPC
Value ($000) $1,999 Shares 200,000
Tuttle Capital Management, LLC
Value ($000) $100 Shares 10,000
Radcliffe Capital Management, L.P.
Value ($000) $3,155 Shares 315,653
PICTON MAHONEY ASSET MANAGEMENT
Value ($000) $10,245 Shares 1,025,000
Quarry LP
Value ($000) $1,000 Shares 100,000
Westchester Capital Management, LLC
Value ($000) $3,500 Shares 350,000
SEVEN GRAND MANAGERS, LLC
Value ($000) $1,996 Shares 199,693
Shaolin Capital Management LLC
Value ($000) $3,748 Shares 375,000
BERKLEY W R CORP
Value ($000) $2,477 Shares 247,826
First Trust Capital Management L.P.
Value ($000) $1,999 Shares 200,000