D. BORAL ARC ACQ I CORP.

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

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

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

Q4 2025
Shares 125,000 Value ($000) $45 Avg Close — Range —
Q3 2025
Shares 125,000 Value ($000) $27 Avg Close — Range —