MOUNTAIN LAKE ACQUISITION CO

Ticker: MLAC CUSIP: G6301B101 Class: SHS CL A

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (8)

Decagon Asset Management LLP
Value ($000) $6,839 Shares 657,592
METEORA CAPITAL, LLC
Value ($000) $6,025 Shares 579,318
Quarry LP
Value ($000) $1,560 Shares 150,000
Shaolin Capital Management LLC
Value ($000) $4,160 Shares 399,998
J. Goldman & Co LP
Value ($000) $4,405 Shares 423,564
Ghisallo Capital Management LLC
Value ($000) $1,997 Shares 200,000
Hara Capital LLC
Value ($000) $13 Shares 1,250
JPMORGAN CHASE & CO
Value ($000) $519 Shares 49,873

Increased Positions (9)

TENOR CAPITAL MANAGEMENT Co., L.P.
Value ($000) $20,800 (+303.9%) Shares 2,000,000 (+300.0%)
MIZUHO SECURITIES USA LLC
Value ($000) $9,926 (+128.4%) Shares 957,369 (+123.5%)
BERKLEY W R CORP
Value ($000) $3,770 (+67.9%) Shares 362,533 (+66.3%)
DLD Asset Management, LP
Value ($000) $1,297 (+26.0%) Shares 124,750 (+24.8%)
GLAZER CAPITAL, LLC
Value ($000) $7 (+11.0%) Shares 686,692 (+9.9%)
TORONTO DOMINION BANK
Value ($000) $3,990 (+147.3%) Shares 383,695 (+144.9%)
UBS Group AG
Value ($000) $2,177 (+1539.4%) Shares 209,288 (+1523.6%)
Clear Street Group Inc.
Value ($000) $382 (+857.7%) Shares 36,699 (+848.5%)
MORGAN STANLEY
Value ($000) $1 (+20.1%) Shares 94 (+19.0%)

Decreased Positions (16)

Periscope Capital Inc.
Value ($000) $2,600 (-40.7%) Shares 250,000 (-41.1%)
Westchester Capital Management, LLC
Value ($000) $9,232 (-24.2%) Shares 887,700 (-24.9%)
WOLVERINE ASSET MANAGEMENT LLC
Value ($000) $10,019 (-40.8%) Shares 963,368 (-41.4%)
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AM
Value ($000) $1,559 (-39.6%) Shares 149,912 (-40.0%)
AQR Arbitrage LLC
Value ($000) $14,619 (-5.4%) Shares 1,405,707 (-6.3%)
First Trust Capital Management L.P.
Value ($000) $10,196 (-1.5%) Shares 980,393 (-2.4%)
Karpus Management, Inc.
Value ($000) $6,450 (-6.6%) Shares 620,220 (-7.5%)
Hudson Bay Capital Management LP
Value ($000) $2,708 (-62.4%) Shares 260,429 (-62.8%)
DELTEC ASSET MANAGEMENT LLC
Value ($000) $416 (-19.2%) Shares 40,000 (-20.0%)
LANDSCAPE CAPITAL MANAGEMENT, L.L.C.
Value ($000) $212 (-52.5%) Shares 20,371 (-53.0%)
D. E. Shaw & Co., Inc.
Value ($000) $2,015 (-82.1%) Shares 193,702 (-82.3%)
Jain Global LLC
Value ($000) $3,903 (-24.4%) Shares 375,250 (-24.9%)
PICTON MAHONEY ASSET MANAGEMENT
Value ($000) $1,560 (+60341.7%) Shares 150,000 (-40.0%)
MILLENNIUM MANAGEMENT LLC
Value ($000) $1,741 (-60.5%) Shares 167,448 (-60.8%)
TWO SIGMA INVESTMENTS, LP
Value ($000) $7,386 (-5.8%) Shares 710,158 (-6.7%)
GOLDMAN SACHS GROUP INC
Value ($000) $4,414 (-3.9%) Shares 424,430 (-4.9%)

Exited Positions (9)

HGC Investment Management Inc.
Value ($000) $7,210 Shares 700,000
GRITSTONE ASSET MANAGEMENT LLC
Value ($000) $1,719 Shares 166,867
Governors Lane LP
Value ($000) $7,570 Shares 733,200
Wealthspring Capital LLC
Value ($000) $1,551 Shares 150,570
Rangeley Capital, LLC
Value ($000) $309 Shares 30,000
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS
Value ($000) $2,061 Shares 199,600
Verition Fund Management LLC
Value ($000) $2,115 Shares 205,349
Centiva Capital, LP
Value ($000) $259 Shares 25,100
Schonfeld Strategic Advisors LLC
Value ($000) $310 Shares 29,998