D. BORAL ARC ACQ I CORP.

Ticker: BCARU CUSIP: G2616F127 Class: UNIT 07/23/2030

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (2)

HRT FINANCIAL LP
Value ($000) $0 Shares 22,056
GLAZER CAPITAL, LLC
Value ($000) $0 Shares 50

Increased Positions (2)

Rangeley Capital, LLC
Value ($000) $345 (+28.6%) Shares 33,780 (+26.1%)
Clear Street Group Inc.
Value ($000) $967 (+47.8%) Shares 94,758 (+44.9%)

Decreased Positions (1)

Bulldog Investors, LLP
Value ($000) $155 (-89.9%) Shares 15,190 (-90.1%)

Exited Positions (9)

BCK Capital Management LP
Value ($000) $696 Shares 69,553
HEIGHTS CAPITAL MANAGEMENT, INC
Value ($000) $251 Shares 25,057
OMERS ADMINISTRATION Corp
Value ($000) $5,000 Shares 500,000
Magnetar Financial LLC
Value ($000) $4,750 Shares 475,000
PenderFund Capital Management Ltd.
Value ($000) $294 Shares 29,400
RIVERNORTH CAPITAL MANAGEMENT, LLC
Value ($000) $658 Shares 65,785
GTS SECURITIES LLC
Value ($000) $200 Shares 20,000
Schonfeld Strategic Advisors LLC
Value ($000) $443 Shares 44,252
PICTON MAHONEY ASSET MANAGEMENT
Value ($000) $3 Shares 275,000