Vault-13

IRON HORSE ACQUISITIONS CORP UCFIW

*W EXP 99/99/999 · Equity WRT · CUSIP 462837113

25 institutional holders -4 vs Q2 2025
3,917,0083.9m shares reported held*
$1.5mreported value*
2 new 2 added 9 reduced 5 sold out net sold ≈ $92.6k (-899.5k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $0.39.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

02040Q1 24: 23Q2 24: 30Q3 24: 31Q4 24: 33Q1 25: 30Q2 25: 29Q3 25: 2525Q1 24Q3 24Q1 25Q3 25
Numbers
QuarterHolders
Q1 202423
Q2 202430
Q3 202431
Q4 202433
Q1 202530
Q2 202529
Q3 202525

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q2 24: 10 bought or addedQ2 24: 1 cut or sold outQ2 24Q3 24: 8 bought or addedQ3 24: 4 cut or sold outQ3 24Q4 24: 7 bought or addedQ4 24: 11 cut or sold outQ4 24Q1 25: 5 bought or addedQ1 25: 9 cut or sold outQ1 25Q2 25: 6 bought or addedQ2 25: 12 cut or sold outQ2 25Q3 25: 4 bought or addedQ3 25: 14 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q2 2024101
Q3 202484
Q4 2024711
Q1 202559
Q2 2025612
Q3 2025414

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5k$10k$15kQ4 24 calls: $11.7kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $8.8kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$11.7k$00.00
Q1 2025$8.8k$00.00
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

ARISTEIA CAPITAL, L.L.C. Added +244,647+244.6k
StoneX Group Inc. New +213,506+213.5k
TrueMark Investments, LLC New +12,150+12.2k
BANK OF AMERICA CORP /DE/ Added +239+239

Biggest sellers

TORONTO DOMINION BANK Reduced -512,324-512.3k
Shaolin Capital Management LLC Sold out -225,566-225.6k
Verition Fund Management LLC Sold out -157,702-157.7k
Hudson Bay Capital Management LP Reduced -100,700-100.7k
HEIGHTS CAPITAL MANAGEMENT, INC Sold out -87,043-87.0k
MIZUHO SECURITIES USA LLC Sold out -65,000-65.0k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -61,706-61.7k
ATW SPAC MANAGEMENT LLC Reduced -55,700-55.7k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -55,700-55.7k
AQR Arbitrage LLC Reduced -52,966-53.0k

Insider purchases and sales in Q3 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio WEST PALM BEACH, FL 508,133508.1k $51.3k $51.3k 0.00% Unchanged
2 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 396,760396.8k $40.1k $40.1k 0.00% Reduced -53.0k -52,966
3 ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio GREENWICH, CT 363,364363.4k $42.0k $42.0k 0.00% Added +244.6k +244,647
4 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 326,465326.5k $33.0k $33.0k 0.00% First filing
5 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 278,320278.3k $1.1m $1.1m 0.03% Reduced -55.7k -55,700
6 ATW SPAC MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 278,320278.3k $28.1k $28.1k 0.04% Reduced -55.7k -55,700
7 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 247,054247.1k $25.0k $25.0k 0.00% Reduced -512.3k -512,324
8 Westchester Capital Management, LLC 0.00% of their portfolio VALHALLA, NY 243,606243.6k $24.6k $24.6k 0.00% Unchanged
9 StoneX Group Inc. 0.00% of their portfolio NEW YORK, NY 213,506213.5k $21.6k $21.6k 0.00% New
10 Yakira Capital Management, Inc. 0.01% of their portfolio Westport, CT 153,706153.7k $15.5k $15.5k 0.01% Unchanged
11 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 150,477150.5k $15.2k $15.2k 0.00% Reduced -61.7k -61,706
12 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 150,000150.0k $15.2k $15.2k 0.00% Unchanged
13 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 119,035119.0k $12.0k $12.0k 0.00% Unchanged
14 Periscope Capital Inc. 0.00% of their portfolio Toronto, A6 99,00099.0k $10.0k $10.0k 0.00% Unchanged
15 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 97,00097.0k $9.8k $9.8k 0.00% Reduced -100.7k -100,700
16 GRITSTONE ASSET MANAGEMENT LLC 0.01% of their portfolio Bethesda, MD 96,14496.1k $9.7k $9.7k 0.01% Reduced -16.6k -16,553
17 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 91,83591.8k $9.3k $9.3k 0.00% Unchanged
18 Polar Asset Management Partners Inc. 0.00% of their portfolio TORONTO, A6 75,00075.0k $7.6k $7.6k 0.00% Unchanged
19 Bulldog Investors, LLP 0.00% of their portfolio SADDLE BROOK, NJ 65,27265.3k $6.6k $6.6k 0.00% Reduced -4.8k -4,757
20 Centiva Capital, LP 0.00% of their portfolio New York, NY 65,00065.0k $6.6k $6.6k 0.00% Unchanged
21 FLOW TRADERS U.S. LLC 0.00% of their portfolio NEW YORK, NY 17,70517.7k $2.0k $2.0k 0.00% Reduced -1.2k -1,171
22 SkyView Investment Advisors, LLC 0.00% of their portfolio SHREWSBURY, NJ 15,00015.0k $2.0k $2.0k 0.00% Unchanged
23 TrueMark Investments, LLC 0.00% of their portfolio CHICAGO, IL 12,15012.2k $1.2k $1.2k 0.00% New
24 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.00% of their portfolio BOSTON, MA 4,3204.3k $436 $436 0.00% Unchanged
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 313313 $32 $32 0.00% Added +239 +239