RIBBON ACQUISITION CORP

Ticker: RIBBR CUSIP: G7552W117 Class: RIGHT 12/31/2026

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (1)

BNP PARIBAS ARBITRAGE, SA

Value ($000) $12 Shares 60,105

Institution	Shares	Value ($000)
BNP PARIBAS ARBITRAGE, SA	60,105	$12

Increased Positions (1)

RIVERNORTH CAPITAL MANAGEMENT, LLC

Value ($000) $68 (+13.4%) Shares 400,000 (+33.3%)

Institution	Prev Shares	Curr Shares	Change
RIVERNORTH CAPITAL MANAGEMENT, LLC	300,000	400,000	+100,000 (+33.3%)

Decreased Positions (4)

AQR Arbitrage LLC

Value ($000) $46 (-17.1%) Shares 189,895 (-24.0%)

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $38 (-6.8%) Shares 171,209 (-6.8%)

HEIGHTS CAPITAL MANAGEMENT, INC

Value ($000) $41 (-1.3%) Shares 186,258 (-1.3%)

GLAZER CAPITAL, LLC

Value ($000) $0 (-88.9%) Shares 11,575 (-87.4%)

Institution	Prev Shares	Curr Shares	Change
AQR Arbitrage LLC	250,000	189,895	-60,105 (-24.0%)
WOLVERINE ASSET MANAGEMENT LLC	183,709	171,209	-12,500 (-6.8%)
HEIGHTS CAPITAL MANAGEMENT, INC	188,714	186,258	-2,456 (-1.3%)
GLAZER CAPITAL, LLC	91,962	11,575	-80,387 (-87.4%)