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.

New Positions (7)

DLD Asset Management, LP
Value ($000) $39 Shares 106,775
Lepercq De Neuflize Asset Management LLC
Value ($000) $9 Shares 25,000
OMERS ADMINISTRATION Corp
Value ($000) $91 Shares 250,000
Magnetar Financial LLC
Value ($000) $86 Shares 237,500
PICTON MAHONEY ASSET MANAGEMENT
Value ($000) $50 Shares 137,500
BNP PARIBAS ARBITRAGE, SA
Value ($000) $55 Shares 150,651
HEIGHTS CAPITAL MANAGEMENT, INC
Value ($000) $4 Shares 12,378

Increased Positions (5)

Harraden Circle Investments, LLC
Value ($000) $1,058 (+80.1%) Shares 2,912,113 (+9.0%)
METEORA CAPITAL, LLC
Value ($000) $198 (+4115.2%) Shares 544,861 (+2451.6%)
Bulldog Investors, LLP
Value ($000) $50 (+230.3%) Shares 137,500 (+100.0%)
TORONTO DOMINION BANK
Value ($000) $109 (+152.3%) Shares 300,000 (+52.9%)
RIVERNORTH CAPITAL MANAGEMENT, LLC
Value ($000) $45 (+117.4%) Shares 125,000 (+31.6%)

Decreased Positions (8)

HIGHBRIDGE CAPITAL MANAGEMENT LLC
Value ($000) $62 (-1.8%) Shares 170,807 (-40.6%)
AQR Arbitrage LLC
Value ($000) $149 (+9.4%) Shares 474,347 (-24.1%)
Hudson Bay Capital Management LP
Value ($000) $112 (+13.0%) Shares 307,726 (-31.6%)
Shaolin Capital Management LLC
Value ($000) $163 (+48.8%) Shares 450,000 (-9.9%)
Clear Street Group Inc.
Value ($000) $65 (+34.4%) Shares 179,876 (-18.7%)
Schonfeld Strategic Advisors LLC
Value ($000) $24 (+27.0%) Shares 64,800 (-23.1%)
K2 PRINCIPAL FUND, L.P.
Value ($000) $93 (+55.2%) Shares 257,677 (-5.2%)
GLAZER CAPITAL, LLC
Value ($000) $0 (-7.6%) Shares 200,000 (-44.3%)

Exited Positions (5)

Centiva Capital, LP
Value ($000) $104 Shares 475,000
Parallax Volatility Advisers, L.P.
Value ($000) $7 Shares 33,200
Verition Fund Management LLC
Value ($000) $5 Shares 25,000
Weiss Asset Management LP
Value ($000) $3 Shares 12,500
WOLVERINE ASSET MANAGEMENT LLC
Value ($000) $1 Shares 4,779