DUNE ACQUISITION CORP II

Ticker: IPODW CUSIP: G2867S117 Class: *W EXP 04/04/203

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (4)

Lepercq De Neuflize Asset Management LLC

Value ($000) $36 Shares 121,237

Westchester Capital Management, LLC

Value ($000) $115 Shares 449,855

CITADEL ADVISORS LLC

Value ($000) $56 Shares 216,825

Value ($000) $0 Shares 1,496

Institution	Shares	Value ($000)
Lepercq De Neuflize Asset Management LLC	121,237	$36
Westchester Capital Management, LLC	449,855	$115
CITADEL ADVISORS LLC	216,825	$56
UBS Group AG	1,496	$0

Increased Positions (3)

METEORA CAPITAL, LLC

Value ($000) $150 (+117.0%) Shares 609,118 (+85.8%)

Clear Street Group Inc.

Value ($000) $105 (+41.5%) Shares 457,556 (+29.9%)

TORONTO DOMINION BANK

Value ($000) $75 (+49.7%) Shares 249,600 (+4.8%)

Institution	Prev Shares	Curr Shares	Change
METEORA CAPITAL, LLC	327,838	609,118	+281,280 (+85.8%)
Clear Street Group Inc.	352,243	457,556	+105,313 (+29.9%)
TORONTO DOMINION BANK	238,183	249,600	+11,417 (+4.8%)

Decreased Positions (6)

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $56 (-30.1%) Shares 185,519 (-51.0%)

HIGHBRIDGE CAPITAL MANAGEMENT LLC

Value ($000) $60 (-18.1%) Shares 234,248 (-29.8%)

Sculptor Capital LP

Value ($000) $68 (-13.4%) Shares 250,000 (-32.4%)

BERKLEY W R CORP

Value ($000) $40 (-10.7%) Shares 161,463 (-23.5%)

Schonfeld Strategic Advisors LLC

Value ($000) $8 (-38.4%) Shares 30,000 (-52.5%)

GLAZER CAPITAL, LLC

Value ($000) $0 (-5.3%) Shares 147,151 (-18.2%)

Institution	Prev Shares	Curr Shares	Change
WOLVERINE ASSET MANAGEMENT LLC	378,285	185,519	-192,766 (-51.0%)
HIGHBRIDGE CAPITAL MANAGEMENT LLC	333,468	234,248	-99,220 (-29.8%)
Sculptor Capital LP	369,700	250,000	-119,700 (-32.4%)
BERKLEY W R CORP	211,057	161,463	-49,594 (-23.5%)
Schonfeld Strategic Advisors LLC	63,200	30,000	-33,200 (-52.5%)
GLAZER CAPITAL, LLC	179,984	147,151	-32,833 (-18.2%)