PYROPHYTE ACQUISITION CORP.

Ticker: PAII/U CUSIP: G7309T128 Class: UNIT 99/99/9999

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (2)

Robinson Capital Management, LLC
Value ($000) $122 Shares 12,000
Quarry LP
Value ($000) $258 Shares 25,000

Increased Positions (2)

TORONTO DOMINION BANK
Value ($000) $1,746 (+268.7%) Shares 168,426 (+260.2%)
UBS Group AG
Value ($000) $28 (+214.9%) Shares 2,732 (+211.2%)

Decreased Positions (2)

Clear Street Group Inc.
Value ($000) $46 (-98.7%) Shares 4,426 (-98.8%)
FNY Investment Advisers, LLC
Value ($000) $0 (-50.0%) Shares 171 (-36.9%)

Exited Positions (12)

HGC Investment Management Inc.
Value ($000) $8,611 Shares 850,000
Wealthspring Capital LLC
Value ($000) $2,166 Shares 213,800
Polar Asset Management Partners Inc.
Value ($000) $7,598 Shares 750,000
MOORE CAPITAL MANAGEMENT, LP
Value ($000) $5,065 Shares 500,000
Alberta Investment Management Corp
Value ($000) $7,598 Shares 750,000
Magnetar Financial LLC
Value ($000) $3,807 Shares 375,835
READYSTATE ASSET MANAGEMENT LP
Value ($000) $828 Shares 81,744
OMERS ADMINISTRATION Corp
Value ($000) $3,521 Shares 350,000
Waratah Capital Advisors Ltd.
Value ($000) $979 Shares 96,670
Schonfeld Strategic Advisors LLC
Value ($000) $1,331 Shares 131,406
BOOTHBAY FUND MANAGEMENT, LLC
Value ($000) $405 Shares 40,000
MILLENNIUM MANAGEMENT LLC
Value ($000) $2,887 Shares 285,000