TRAILBLAZER ACQUISITION CORP

Ticker: BLZRU CUSIP: G9009S129 Class: UNIT 08/21/2030

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (4)

SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $161 Shares 15,795
CITADEL ADVISORS LLC
Value ($000) $109 Shares 10,682
UBS Group AG
Value ($000) $19 Shares 1,886
Coston, McIsaac & Partners
Value ($000) $0 Shares 193

Increased Positions (3)

READYSTATE ASSET MANAGEMENT LP
Value ($000) $811 (+427.4%) Shares 79,344 (+429.0%)
TORONTO DOMINION BANK
Value ($000) $3,424 (+47.3%) Shares 334,000 (+46.9%)
KRYGER CAPITAL Ltd
Value ($000) $261 (+2.0%) Shares 25,437 (+1.7%)

Decreased Positions (10)

HEIGHTS CAPITAL MANAGEMENT, INC
Value ($000) $1,159 (-43.4%) Shares 113,373 (-43.2%)
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND
Value ($000) $0 (-100.0%) Shares 1 (-100.0%)
Jain Global LLC
Value ($000) $5,107 (-28.8%) Shares 499,699 (-28.6%)
Clear Street Group Inc.
Value ($000) $2,530 (-36.5%) Shares 246,870 (-36.7%)
JPMORGAN CHASE & CO
Value ($000) $31 (-99.7%) Shares 3,035 (-99.7%)
MILLENNIUM MANAGEMENT LLC
Value ($000) $2,057 (-55.3%) Shares 200,703 (-55.4%)
Schonfeld Strategic Advisors LLC
Value ($000) $1,805 (-13.8%) Shares 176,061 (-14.0%)
GLAZER CAPITAL, LLC
Value ($000) $1 (-0.9%) Shares 123,581 (-1.1%)
HRT FINANCIAL LP
Value ($000) $1 (-4.4%) Shares 49,001 (-4.1%)
FNY Investment Advisers, LLC
Value ($000) $0 (-12.2%) Shares 4,275 (-10.9%)

Exited Positions (47)

METEORA CAPITAL, LLC
Value ($000) $19,376 Shares 1,895,000
Harraden Circle Investments, LLC
Value ($000) $9,634 Shares 942,237
Tuttle Capital Management, LLC
Value ($000) $460 Shares 45,000
MMCAP International Inc. SPC
Value ($000) $10,225 Shares 1,000,000
Wealthspring Capital LLC
Value ($000) $4,927 Shares 481,900
GRITSTONE ASSET MANAGEMENT LLC
Value ($000) $1,023 Shares 100,000
FIFTH LANE CAPITAL, LP
Value ($000) $1,025 Shares 100,000
Radcliffe Capital Management, L.P.
Value ($000) $5,242 Shares 512,705
AQR Arbitrage LLC
Value ($000) $10,250 Shares 1,000,000
Saba Capital Management, L.P.
Value ($000) $8,040 Shares 786,316
Shaolin Capital Management LLC
Value ($000) $4,995 Shares 488,524
TENOR CAPITAL MANAGEMENT Co., L.P.
Value ($000) $10,225 Shares 1,000,000
Ghisallo Capital Management LLC
Value ($000) $4,100 Shares 400,000
BERKLEY W R CORP
Value ($000) $2,669 Shares 261,008
Polar Asset Management Partners Inc.
Value ($000) $10,225 Shares 1,000,000
Quarry LP
Value ($000) $773 Shares 75,565
Periscope Capital Inc.
Value ($000) $1,023 Shares 100,000
First Trust Capital Management L.P.
Value ($000) $2,045 Shares 200,000
Governors Lane LP
Value ($000) $1,534 Shares 150,000
Ilex Capital Partners (UK) LLP
Value ($000) $2,943 Shares 287,871