MOUNTAIN LAKE ACQUISITION CO

Ticker: MLACR CUSIP: G6301B127 Class: RIGHT 11/15/2028

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (7)

METEORA CAPITAL, LLC

Value ($000) $243 Shares 1,014,266

Rangeley Capital, LLC

Value ($000) $16 Shares 15,000

DLD Asset Management, LP

Value ($000) $78 Shares 325,000

Saba Capital Management, L.P.

Value ($000) $84 Shares 350,017

BNP PARIBAS ARBITRAGE, SA

Value ($000) $107 Shares 446,094

READYSTATE ASSET MANAGEMENT LP

Value ($000) $6 Shares 24,779

StoneX Group Inc.

Value ($000) $4 Shares 18,363

Institution	Shares	Value ($000)
METEORA CAPITAL, LLC	1,014,266	$243
Rangeley Capital, LLC	15,000	$16
DLD Asset Management, LP	325,000	$78
Saba Capital Management, L.P.	350,017	$84
BNP PARIBAS ARBITRAGE, SA	446,094	$107
READYSTATE ASSET MANAGEMENT LP	24,779	$6
StoneX Group Inc.	18,363	$4

Increased Positions (5)

Harraden Circle Investments, LLC

Value ($000) $798 (+74.4%) Shares 3,325,766 (+9.1%)

TORONTO DOMINION BANK

Value ($000) $182 (+169.2%) Shares 756,800 (+68.3%)

CSS LLC/IL

Value ($000) $84 (+103.8%) Shares 35,056 (+27.5%)

BOOTHBAY FUND MANAGEMENT, LLC

Value ($000) $17 (+287.4%) Shares 72,683 (+142.3%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $5 (+63.3%) Shares 20,009 (+36.1%)

Institution	Prev Shares	Curr Shares	Change
Harraden Circle Investments, LLC	3,049,749	3,325,766	+276,017 (+9.1%)
TORONTO DOMINION BANK	449,800	756,800	+307,000 (+68.3%)
CSS LLC/IL	27,500	35,056	+7,556 (+27.5%)
BOOTHBAY FUND MANAGEMENT, LLC	30,000	72,683	+42,683 (+142.3%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	14,699	20,009	+5,310 (+36.1%)

Decreased Positions (16)

HGC Investment Management Inc.

Value ($000) $10 (-90.9%) Shares 40,000 (-94.3%)

AQR Arbitrage LLC

Value ($000) $368 (-7.0%) Shares 1,533,906 (-22.5%)

K2 PRINCIPAL FUND, L.P.

Value ($000) $35 (-35.3%) Shares 147,507 (-59.6%)

Decagon Asset Management LLP

Value ($000) $17 (-13.2%) Shares 69,665 (-45.7%)

Periscope Capital Inc.

Value ($000) $78 (+22.3%) Shares 325,000 (-23.5%)

Shaolin Capital Management LLC

Value ($000) $115 (+18.0%) Shares 479,500 (-26.2%)

Verition Fund Management LLC

Value ($000) $175 (-12.2%) Shares 728,224 (-26.8%)

Westchester Capital Management, LLC

Value ($000) $168 (+4.3%) Shares 700,013 (-13.1%)

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $87 (+12.1%) Shares 364,509 (-29.9%)

Quarry LP

Value ($000) $12 (-17.9%) Shares 50,000 (-48.7%)

PICTON MAHONEY ASSET MANAGEMENT

Value ($000) $24 (+61438.5%) Shares 100,000 (-60.0%)

Parallax Volatility Advisers, L.P.

Value ($000) $23 (-23.7%) Shares 95,398 (-52.3%)

Hudson Bay Capital Management LP

Value ($000) $84 (+5.0%) Shares 349,976 (-12.5%)

Clear Street Group Inc.

Value ($000) $51 (+48.8%) Shares 212,479 (-7.0%)

Schonfeld Strategic Advisors LLC

Value ($000) $28 (+42.5%) Shares 115,898 (-10.8%)

BANK OF AMERICA CORP /DE/

Value ($000) $2 (+28.0%) Shares 6,269 (-20.1%)

Institution	Prev Shares	Curr Shares	Change
HGC Investment Management Inc.	700,000	40,000	-660,000 (-94.3%)
AQR Arbitrage LLC	1,980,000	1,533,906	-446,094 (-22.5%)
K2 PRINCIPAL FUND, L.P.	364,949	147,507	-217,442 (-59.6%)
Decagon Asset Management LLP	128,390	69,665	-58,725 (-45.7%)
Periscope Capital Inc.	424,739	325,000	-99,739 (-23.5%)
Shaolin Capital Management LLC	650,000	479,500	-170,500 (-26.2%)
Verition Fund Management LLC	995,333	728,224	-267,109 (-26.8%)
Westchester Capital Management, LLC	805,100	700,013	-105,087 (-13.1%)
WOLVERINE ASSET MANAGEMENT LLC	519,833	364,509	-155,324 (-29.9%)
Quarry LP	97,400	50,000	-47,400 (-48.7%)
PICTON MAHONEY ASSET MANAGEMENT	250,000	100,000	-150,000 (-60.0%)
Parallax Volatility Advisers, L.P.	200,000	95,398	-104,602 (-52.3%)
Hudson Bay Capital Management LP	400,000	349,976	-50,024 (-12.5%)
Clear Street Group Inc.	228,376	212,479	-15,897 (-7.0%)
Schonfeld Strategic Advisors LLC	130,000	115,898	-14,102 (-10.8%)
BANK OF AMERICA CORP /DE/	7,842	6,269	-1,573 (-20.1%)

Exited Positions (4)

GRITSTONE ASSET MANAGEMENT LLC

Value ($000) $25 Shares 166,866

Alpine Global Management, LLC

Value ($000) $45 Shares 300,034

COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS

Value ($000) $10 Shares 67,600

Centiva Capital, LP

Value ($000) $5 Shares 25,100

Institution	Prev Shares	Prev Value ($000)
GRITSTONE ASSET MANAGEMENT LLC	166,866	$25
Alpine Global Management, LLC	300,034	$45
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	67,600	$10
Centiva Capital, LP	25,100	$5