THAYER VENTURES ACQ CORP II

Ticker: TVAIR CUSIP: G87890110 Class: RIGHT 05/15/2030

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (4)

Westchester Capital Management, LLC
Value ($000) $58 Shares 275,000
DLD Asset Management, LP
Value ($000) $21 Shares 98,730
BNP PARIBAS ARBITRAGE, SA
Value ($000) $46 Shares 221,227
MYDA Advisors LLC
Value ($000) $9 Shares 44,000

Increased Positions (5)

Radcliffe Capital Management, L.P.
Value ($000) $97 (-82.1%) Shares 536,883 (+900.0%)
METEORA CAPITAL, LLC
Value ($000) $289 (+175.5%) Shares 1,378,212 (+123.2%)
TORONTO DOMINION BANK
Value ($000) $109 (+162.1%) Shares 520,196 (+112.2%)
RIVERNORTH CAPITAL MANAGEMENT, LLC
Value ($000) $84 (+55.3%) Shares 399,897 (+25.8%)
Shaolin Capital Management LLC
Value ($000) $118 (+26.3%) Shares 562,750 (+2.3%)

Decreased Positions (5)

AQR Arbitrage LLC
Value ($000) $140 (-12.3%) Shares 668,973 (-24.9%)
WOLVERINE ASSET MANAGEMENT LLC
Value ($000) $11 (-73.1%) Shares 52,900 (-78.2%)
Schonfeld Strategic Advisors LLC
Value ($000) $11 (-69.2%) Shares 50,000 (-75.1%)
Clear Street Group Inc.
Value ($000) $31 (+2.5%) Shares 146,926 (-16.9%)
GLAZER CAPITAL, LLC
Value ($000) $0 (-38.2%) Shares 200,000 (-50.0%)

Exited Positions (1)

OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AM
Value ($000) $44 Shares 250,000