CHURCHILL CAP CORP XI

Ticker: CCXIU CUSIP: G2131A124 Class: UNIT 12/10/2030

TENOR CAPITAL MANAGEMENT Co., L.P.'s Holding History (CIK: 0001346554)

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

Q4 2025

Shares 750,000 Value ($000) $7,658 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	750,000	$7,658	—	—