LIONHEART HOLDINGS

Ticker: CUB CUSIP: G5501C109 Class: SHS CL A

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (3)

COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS
Value ($000) $4,252 Shares 400,000
ABC ARBITRAGE SA
Value ($000) $213 Shares 20,000
Evercore Wealth Management, LLC
Value ($000) $161 Shares 15,100

Increased Positions (7)

Periscope Capital Inc.
Value ($000) $2,659 (+26.2%) Shares 250,000 (+25.0%)
Radcliffe Capital Management, L.P.
Value ($000) $3,670 (+40.0%) Shares 345,241 (+38.7%)
Westchester Capital Management, LLC
Value ($000) $4,272 (+35.5%) Shares 400,036 (+33.3%)
MIZUHO SECURITIES USA LLC
Value ($000) $5,054 (+98.2%) Shares 477,344 (+94.7%)
TORONTO DOMINION BANK
Value ($000) $5,425 (+84.3%) Shares 510,348 (+82.3%)
WOLVERINE ASSET MANAGEMENT LLC
Value ($000) $13,891 (+4.6%) Shares 1,306,726 (+3.4%)
MORGAN STANLEY
Value ($000) $1 (+21.0%) Shares 91 (+19.7%)

Decreased Positions (7)

Wealthspring Capital LLC
Value ($000) $12,619 (-1.2%) Shares 1,187,100 (-2.3%)
Bulldog Investors, LLP
Value ($000) $3,515 (-29.8%) Shares 330,645 (-30.6%)
HEIGHTS CAPITAL MANAGEMENT, INC
Value ($000) $543 (-24.0%) Shares 50,798 (-25.2%)
Karpus Management, Inc.
Value ($000) $11,445 (-2.2%) Shares 1,076,675 (-3.3%)
Schonfeld Strategic Advisors LLC
Value ($000) $725 (-19.0%) Shares 68,210 (-19.8%)
Verition Fund Management LLC
Value ($000) $1,160 (-10.6%) Shares 108,594 (-12.1%)
GLAZER CAPITAL, LLC
Value ($000) $3 (-7.8%) Shares 255,386 (-8.8%)

Exited Positions (4)

METEORA CAPITAL, LLC
Value ($000) $4,106 Shares 390,707
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $131 Shares 12,435
CITADEL ADVISORS LLC
Value ($000) $108 Shares 10,247
UBS Group AG
Value ($000) $3 Shares 254