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.

New Positions (3)

Harraden Circle Investments, LLC
Value ($000) $129 Shares 272,310
K2 PRINCIPAL FUND, L.P.
Value ($000) $29 Shares 67,110
DLD Asset Management, LP
Value ($000) $22 Shares 50,947

Increased Positions (5)

Shaolin Capital Management LLC
Value ($000) $189 (+50.2%) Shares 438,373 (+57.2%)
Clear Street Group Inc.
Value ($000) $35 (-11.6%) Shares 341,020 (+283.4%)
RIVERNORTH CAPITAL MANAGEMENT, LLC
Value ($000) $86 (+28.4%) Shares 199,936 (+34.4%)
Verition Fund Management LLC
Value ($000) $35 (+104.3%) Shares 78,795 (+104.3%)
CSS LLC/IL
Value ($000) $199 (-0.5%) Shares 463,451 (+4.1%)

Decreased Positions (8)

HIGHBRIDGE CAPITAL MANAGEMENT LLC
Value ($000) $59 (-47.4%) Shares 130,971 (-47.4%)
Hudson Bay Capital Management LP
Value ($000) $86 (-41.2%) Shares 200,000 (-38.5%)
Parallax Volatility Advisers, L.P.
Value ($000) $34 (-48.2%) Shares 71,909 (-51.0%)
Schonfeld Strategic Advisors LLC
Value ($000) $64 (-23.0%) Shares 135,000 (-27.0%)
TORONTO DOMINION BANK
Value ($000) $74 (-26.0%) Shares 171,859 (-22.6%)
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS
Value ($000) $60 (-16.5%) Shares 125,689 (-20.9%)
Governors Lane LP
Value ($000) $144 (-0.9%) Shares 303,350 (-6.1%)
GLAZER CAPITAL, LLC
Value ($000) $0 (-33.3%) Shares 98,172 (-29.4%)

Exited Positions (3)

Sculptor Capital LP
Value ($000) $116 Shares 273,800
Weiss Asset Management LP
Value ($000) $36 Shares 81,100
WOLVERINE ASSET MANAGEMENT LLC
Value ($000) $14 Shares 32,096