REAL ASSET ACQUISITION CORP

Ticker: RAAQW CUSIP: G73944111 Class: *W EXP 04/24/203

Holders for Q4 2025 Position Changes for Q4 2025

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

InstitutionSharesValue ($000)
Saba Capital Management, L.P.687,813$327
TENOR CAPITAL MANAGEMENT Co., L.P.625,000$269
AQR Arbitrage LLC547,698$246
ARISTEIA CAPITAL, L.L.C.500,000$238
CSS LLC/IL463,451$199
Shaolin Capital Management LLC438,373$189
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND400,000$180
Magnetar Financial LLC375,000$187
Clear Street Group Inc.341,020$35
Governors Lane LP303,350$144
LMR Partners LLP300,000$129
Alberta Investment Management Corp275,000$118
Harraden Circle Investments, LLC272,310$129
WHITEBOX ADVISORS LLC250,000$108
Hudson Bay Capital Management LP200,000$86
RIVERNORTH CAPITAL MANAGEMENT, LLC199,936$86
BNP PARIBAS ARBITRAGE, SA194,799$93
TORONTO DOMINION BANK171,859$74
LINDEN ADVISORS LP150,000$75
Context Capital Management, LLC150,000$65
Schonfeld Strategic Advisors LLC135,000$64
HIGHBRIDGE CAPITAL MANAGEMENT LLC130,971$59
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS125,689$60
PICTON MAHONEY ASSET MANAGEMENT125,000$59
Wealthspring Capital LLC102,950$44
Polar Asset Management Partners Inc.100,000$43
GLAZER CAPITAL, LLC98,172$0
Verition Fund Management LLC78,795$35
MOORE CAPITAL MANAGEMENT, LP75,000$32
Parallax Volatility Advisers, L.P.71,909$34
K2 PRINCIPAL FUND, L.P.67,110$29
DLD Asset Management, LP50,947$22
D. E. Shaw & Co., Inc.50,000$23
Total (33 institutions)8,057,152$3,480