GRAF GLOBAL CORP

Ticker: GRAF/WS CUSIP: G4036C122 Class: *W EXP 05/31/203

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (4)

Fort Baker Capital Management LP

Value ($000) $338 Shares 747,753

Weiss Asset Management LP

Value ($000) $97 Shares 213,794

LONGFELLOW INVESTMENT MANAGEMENT CO LLC

Value ($000) $2 Shares 3,778

Value ($000) $0 Shares 706

Institution	Shares	Value ($000)
Fort Baker Capital Management LP	747,753	$338
Weiss Asset Management LP	213,794	$97
LONGFELLOW INVESTMENT MANAGEMENT CO LLC	3,778	$2
UBS Group AG	706	$0

Decreased Positions (5)

Value ($000) $102 (-74.2%) Shares 226,606 (-81.1%)

TORONTO DOMINION BANK

Value ($000) $171 (+18.6%) Shares 378,583 (-13.4%)

Parallax Volatility Advisers, L.P.

Value ($000) $38 (-13.9%) Shares 84,333 (-37.1%)

Schonfeld Strategic Advisors LLC

Value ($000) $25 (-5.6%) Shares 55,000 (-31.1%)

Bulldog Investors, LLP

Value ($000) $52 (+35.3%) Shares 115,041 (-1.2%)

Institution	Prev Shares	Curr Shares	Change
CSS LLC/IL	1,201,096	226,606	-974,490 (-81.1%)
TORONTO DOMINION BANK	437,260	378,583	-58,677 (-13.4%)
Parallax Volatility Advisers, L.P.	134,133	84,333	-49,800 (-37.1%)
Schonfeld Strategic Advisors LLC	79,800	55,000	-24,800 (-31.1%)
Bulldog Investors, LLP	116,436	115,041	-1,395 (-1.2%)

Exited Positions (2)

CANTOR FITZGERALD, L. P.

Value ($000) $660 Shares 2,000,000

PenderFund Capital Management Ltd.

Value ($000) $2 Shares 5,000

Institution	Prev Shares	Prev Value ($000)
CANTOR FITZGERALD, L. P.	2,000,000	$660
PenderFund Capital Management Ltd.	5,000	$2