D. BORAL ARC ACQ I CORP.

Ticker: BCARW CUSIP: G2616F119 Class: *W EXP 07/23/203

Holders for Q4 2025 Position Changes for Q4 2025

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

InstitutionSharesValue ($000)
Harraden Circle Investments, LLC2,912,113$1,058
Polar Asset Management Partners Inc.1,086,000$395
ARISTEIA CAPITAL, L.L.C.900,000$329
METEORA CAPITAL, LLC544,861$198
AQR Arbitrage LLC474,347$149
Context Capital Management, LLC450,000$163
Shaolin Capital Management LLC450,000$163
Periscope Capital Inc.346,400$126
WHITEBOX ADVISORS LLC325,000$118
Hudson Bay Capital Management LP307,726$112
TORONTO DOMINION BANK300,000$109
K2 PRINCIPAL FUND, L.P.257,677$93
OMERS ADMINISTRATION Corp250,000$91
Magnetar Financial LLC237,500$86
D. E. Shaw & Co., Inc.225,000$82
GLAZER CAPITAL, LLC200,000$0
Clear Street Group Inc.179,876$65
Radcliffe Capital Management, L.P.177,673$65
HIGHBRIDGE CAPITAL MANAGEMENT LLC170,807$62
BNP PARIBAS ARBITRAGE, SA150,651$55
Bulldog Investors, LLP137,500$50
PICTON MAHONEY ASSET MANAGEMENT137,500$50
LINDEN ADVISORS LP137,499$50
TENOR CAPITAL MANAGEMENT Co., L.P.125,000$45
RIVERNORTH CAPITAL MANAGEMENT, LLC125,000$45
DLD Asset Management, LP106,775$39
BOOTHBAY FUND MANAGEMENT, LLC98,789$991
GRITSTONE ASSET MANAGEMENT LLC75,000$27
Schonfeld Strategic Advisors LLC64,800$24
Stoic Point Capital Management LLC26,476$10
Lepercq De Neuflize Asset Management LLC25,000$9
HEIGHTS CAPITAL MANAGEMENT, INC12,378$4
Total (32 institutions)11,017,348$4,862