DUNE ACQUISITION CORP II

Ticker: IPOD CUSIP: G2867S109 Class: SHS CL A

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (5)

Westchester Capital Management, LLC
Value ($000) $6,791 Shares 666,477
METEORA CAPITAL, LLC
Value ($000) $1,494 Shares 146,615
ABC ARBITRAGE SA
Value ($000) $212 Shares 20,733
Centiva Capital, LP
Value ($000) $1,019 Shares 100,000
CITADEL ADVISORS LLC
Value ($000) $624 Shares 61,228

Increased Positions (5)

Radcliffe Capital Management, L.P.
Value ($000) $4,333 (+7.0%) Shares 424,606 (+6.2%)
WOLVERINE ASSET MANAGEMENT LLC
Value ($000) $7,098 (+5.5%) Shares 696,586 (+4.7%)
MIZUHO SECURITIES USA LLC
Value ($000) $1,902 (+8.3%) Shares 187,376 (+6.2%)
UBS Group AG
Value ($000) $219 (+71.0%) Shares 21,454 (+69.6%)
MORGAN STANLEY
Value ($000) $0 (+45.4%) Shares 39 (+44.4%)

Decreased Positions (5)

Shaolin Capital Management LLC
Value ($000) $2,811 (-7.3%) Shares 275,000 (-8.3%)
Clear Street Group Inc.
Value ($000) $2,504 (-21.4%) Shares 245,000 (-22.3%)
Schonfeld Strategic Advisors LLC
Value ($000) $2,041 (-19.2%) Shares 200,000 (-19.9%)
Warberg Asset Management LLC
Value ($000) $290 (-2.6%) Shares 28,403 (-3.4%)
GLAZER CAPITAL, LLC
Value ($000) $5 (-2.1%) Shares 484,021 (-2.9%)

Exited Positions (1)

Virtu Financial LLC
Value ($000) $0 Shares 11,095