ALDEL FINL II INC

Ticker: ALDFW CUSIP: G01558124 Class: *W EXP 09/26/203

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (2)

DLD Asset Management, LP
Value ($000) $55 Shares 100,039
BNP PARIBAS ARBITRAGE, SA
Value ($000) $166 Shares 302,657

Increased Positions (4)

Harraden Circle Investments, LLC
Value ($000) $1,513 (+22.9%) Shares 2,751,429 (+21.8%)
TORONTO DOMINION BANK
Value ($000) $116 (+66.8%) Shares 210,686 (+63.8%)
Shaolin Capital Management LLC
Value ($000) $212 (+8.9%) Shares 386,158 (+6.9%)
Clear Street Group Inc.
Value ($000) $75 (+3.3%) Shares 136,626 (+1.5%)

Decreased Positions (11)

AQR Arbitrage LLC
Value ($000) $340 (-43.3%) Shares 828,935 (-26.7%)
Weiss Asset Management LP
Value ($000) $21 (-85.8%) Shares 51,194 (-81.2%)
CSS LLC/IL
Value ($000) $122 (-17.5%) Shares 221,811 (-19.0%)
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS
Value ($000) $26 (-67.7%) Shares 47,300 (-68.0%)
PICTON MAHONEY ASSET MANAGEMENT
Value ($000) $151 (+74042.2%) Shares 275,000 (-26.7%)
Hudson Bay Capital Management LP
Value ($000) $49 (-39.5%) Shares 89,386 (-40.6%)
K2 PRINCIPAL FUND, L.P.
Value ($000) $159 (+4.1%) Shares 288,369 (-3.5%)
Schonfeld Strategic Advisors LLC
Value ($000) $22 (-27.0%) Shares 39,800 (-27.6%)
Verition Fund Management LLC
Value ($000) $14 (-36.9%) Shares 35,183 (-18.5%)
Bulldog Investors, LLP
Value ($000) $16 (+6.0%) Shares 28,470 (-1.7%)
UBS Group AG
Value ($000) $0 (-26.2%) Shares 881 (-31.6%)

Exited Positions (2)

Sandia Investment Management LP
Value ($000) $5 Shares 10,000
Quarry LP
Value ($000) $5 Shares 10,000