Vault-13

IRON HORSE ACQUISITIONS CORP

RIGHT 99/99/9999 · CUSIP 462837121

19 institutional holders -5 vs Q2 2025
2,858,1822.9m shares reported held*
$2.1mreported value*
3 new 1 added 6 reduced 7 sold out net sold ≈ $1.8m (-2.4m 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 ≈ $0.73.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q1 24: 21Q2 24: 26Q3 24: 29Q4 24: 30Q1 25: 29Q2 25: 24Q3 25: 1919Q1 24Q3 24Q1 25Q3 25
Numbers
QuarterHolders
Q1 202421
Q2 202426
Q3 202429
Q4 202430
Q1 202529
Q2 202524
Q3 202519

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: 3 cut or sold outQ2 24Q3 24: 6 bought or addedQ3 24: 2 cut or sold outQ3 24Q4 24: 4 bought or addedQ4 24: 11 cut or sold outQ4 24Q1 25: 3 bought or addedQ1 25: 10 cut or sold outQ1 25Q2 25: 3 bought or addedQ2 25: 14 cut or sold outQ2 25Q3 25: 4 bought or addedQ3 25: 13 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q2 2024103
Q3 202462
Q4 2024411
Q1 2025310
Q2 2025314
Q3 2025413

Biggest buyers

Virtu Financial LLC New +137,090+137.1k
ARISTEIA CAPITAL, L.L.C. Added +35,400+35.4k
FLOW TRADERS U.S. LLC New +24,995+25.0k
TrueMark Investments, LLC New +12,150+12.2k

Biggest sellers

Harraden Circle Investments, LLC Reduced -807,051-807.1k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -738,785-738.8k
K2 PRINCIPAL FUND, L.P. Sold out -249,454-249.5k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -195,275-195.3k
ATW SPAC MANAGEMENT LLC Reduced -195,275-195.3k
TORONTO DOMINION BANK Sold out -156,656-156.7k
GRITSTONE ASSET MANAGEMENT LLC Sold out -112,696-112.7k
Polar Asset Management Partners Inc. Sold out -75,000-75.0k
HEIGHTS CAPITAL MANAGEMENT, INC Sold out -48,957-49.0k
Centiva Capital, LP Sold out -40,082-40.1k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.02% of their portfolio WEST PALM BEACH, FL 508,133508.1k $372.8k $372.8k 0.02% Unchanged
2 AQR Arbitrage LLC 0.01% of their portfolio Greenwich, CT 455,257455.3k $332.3k $332.3k 0.01% Unchanged
3 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 250,000250.0k $183.4k $183.4k 0.00% First filing
4 Westchester Capital Management, LLC 0.01% of their portfolio VALHALLA, NY 243,606243.6k $177.8k $177.8k 0.01% Unchanged
5 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 230,000230.0k $167.9k $167.9k 0.01% Reduced -738.8k -738,785
6 Yakira Capital Management, Inc. 0.04% of their portfolio Westport, CT 153,706153.7k $112.8k $112.8k 0.04% Unchanged
7 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 150,000150.0k $110.1k $110.1k 0.00% Unchanged
8 BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 138,745138.7k $101.8k $101.8k 0.00% Reduced -195.3k -195,275
9 ATW SPAC MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 138,745138.7k $101.8k $101.8k 0.13% Reduced -195.3k -195,275
10 Virtu Financial LLC 0.01% of their portfolio New York, NY 137,090137.1k $100.0k $100.0k 0.01% New
11 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 119,035119.0k $86.9k $86.9k 0.00% Unchanged
12 Harraden Circle Investments, LLC 0.01% of their portfolio NEW YORK, NY 100,000100.0k $73.4k $73.4k 0.01% Reduced -807.1k -807,051
13 ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio GREENWICH, CT 84,21084.2k $61.8k $61.8k 0.00% Added +35.4k +35,400
14 Bulldog Investors, LLP 0.01% of their portfolio SADDLE BROOK, NJ 63,19063.2k $46.4k $46.4k 0.01% Reduced -4.8k -4,757
15 Periscope Capital Inc. 0.01% of their portfolio Toronto, A6 30,00030.0k $23.1k $23.1k 0.01% Reduced -18.0k -18,000
16 FLOW TRADERS U.S. LLC 0.00% of their portfolio NEW YORK, NY 24,99525.0k $18.0k $18.0k 0.00% New
17 SkyView Investment Advisors, LLC 0.00% of their portfolio SHREWSBURY, NJ 15,00015.0k $11.0k $11.0k 0.00% Unchanged
18 TrueMark Investments, LLC 0.00% of their portfolio CHICAGO, IL 12,15012.2k $8.9k $8.9k 0.00% New
19 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.00% of their portfolio BOSTON, MA 4,3204.3k $3.2k $3.2k 0.00% Unchanged