D. BORAL ARC ACQ I CORP.

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

K2 PRINCIPAL FUND, L.P.'s Holding History (CIK: 0001461790)

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

Q4 2025
Shares 257,677 Value ($000) $93 Avg Close — Range —
Q3 2025
Shares 271,677 Value ($000) $60 Avg Close — Range —