Vault-13

AI INFRASTRUCTURE ACQUISI AIIA-R

RIGHT 99/99/9999 · Right · CUSIP G01336117

35 institutional holders +3 vs Q1 2026
9,745,7189.7m shares reported held*
$2.1mreported value*
4 new 4 added 4 reduced 1 sold out net bought ≈ $103.6k (+423.0k 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 ≈ $0.21.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q4 25: 27Q1 26: 32Q2 26: 3535Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q4 202527
Q1 202632
Q2 202635

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q1 26: 10 bought or addedQ1 26: 6 cut or sold outQ1 26Q2 26: 8 bought or addedQ2 26: 5 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 2026106
Q2 202685

Biggest buyers

SONA ASSET MANAGEMENT (US) LLC New +588,764+588.8k
Clear Street Group Inc. Added +185,942+185.9k
L1 Global Manager Pty Ltd New +175,000+175.0k
Bulldog Investors, LLP New +135,534+135.5k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +47,729+47.7k
Decagon Asset Management LLP Added +14,780+14.8k
ROBINSON CAPITAL MANAGEMENT, LLC New +10,000+10.0k
AQR Arbitrage LLC Added +8,144+8.1k

Biggest sellers

WOLVERINE ASSET MANAGEMENT LLC Reduced -393,465-393.5k
Parallax Volatility Advisers, L.P. Reduced -166,070-166.1k
TORONTO DOMINION BANK Reduced -143,637-143.6k
Shaolin Capital Management LLC Reduced -26,771-26.8k
UBS Group AG Sold out -2,940-2.9k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Harraden Circle Investments, LLC 0.03% of their portfolio NEW YORK, NY 1,045,2761.0m $219.5k $219.5k 0.03% Unchanged
2 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 780,122780.1k $163.8k $163.8k 0.01% Added +47.7k +47,729
3 Polar Asset Management Partners Inc. 0.00% of their portfolio TORONTO, A6 600,000600.0k $126.0k $126.0k 0.00% Unchanged
4 SONA ASSET MANAGEMENT (US) LLC 0.00% of their portfolio NEW YORK, NY 588,764588.8k $123.6k $123.6k 0.00% New
5 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 574,600574.6k $120.7k $120.7k 0.00% Reduced -143.6k -143,637
6 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.01% of their portfolio WEST PALM BEACH, FL 526,500526.5k $126.4k $126.4k 0.01% Unchanged
7 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 478,148478.1k $100.4k $100.4k 0.00% Added +8.1k +8,144
8 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 459,998460.0k $96.6k $96.6k 0.00% Unchanged
9 MANGROVE PARTNERS IM, LLC 0.01% of their portfolio Greenwich, CT 450,000450.0k $94.5k $94.5k 0.01% Unchanged
10 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 421,216421.2k $88.5k $88.5k 0.00% Added +185.9k +185,942
11 Shaolin Capital Management LLC 0.00% of their portfolio Miami, FL 373,229373.2k $78.4k $78.4k 0.00% Reduced -26.8k -26,771
12 GLAZER CAPITAL, LLC 0.00% of their portfolio New York, NY 320,000320.0k $74.0k $74.0k 0.00% Unchanged
13 HEIGHTS CAPITAL MANAGEMENT, INC 0.01% of their portfolio SAN FRANCISCO, CA 300,000300.0k $63.0k $63.0k 0.01% Unchanged
14 Saba Capital Management, L.P. 0.00% of their portfolio NEW YORK, NY 227,000227.0k $52.2k $52.2k 0.00% Unchanged
15 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 214,154214.2k $45.0k $45.0k 0.00% Reduced -393.5k -393,465
16 Parallax Volatility Advisers, L.P. 0.00% of their portfolio San Francisco, CA 201,282201.3k $46.3k $46.3k 0.00% Reduced -166.1k -166,070
17 Radcliffe Capital Management, L.P. 0.00% of their portfolio BALA CYNWYD, PA 200,000200.0k $46.0k $46.0k 0.00% Unchanged
18 Decagon Asset Management LLP 0.01% of their portfolio LONDON, X0 191,716191.7k $40.3k $40.3k 0.01% Added +14.8k +14,780
19 Magnetar Financial LLC 0.00% of their portfolio EVANSTON, IL 175,000175.0k $40.2k $40.2k 0.00% Unchanged
20 L1 Global Manager Pty Ltd 0.03% of their portfolio Melbourne, C3 175,000175.0k $36.8k $36.8k 0.03% New
21 ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio GREENWICH, CT 150,000150.0k $31.5k $31.5k 0.00% Unchanged
22 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio HARRISBURG, PA 150,000150.0k $34.5k $34.5k 0.00% Unchanged
23 BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 150,000150.0k $31.5k $31.5k 0.00% Unchanged
24 Bulldog Investors, LLP 0.01% of their portfolio SADDLE BROOK, NJ 135,534135.5k $29.0k $29.0k 0.01% New
25 DLD Asset Management, LP 0.00% of their portfolio NEW YORK, NY 133,333133.3k $28.0k $28.0k 0.00% Unchanged
26 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 133,140133.1k $30.6k $30.6k 0.00% Unchanged
27 GABELLI & Co INVESTMENT ADVISERS, INC. 0.00% of their portfolio Rye, NY 129,600129.6k $27.2k $27.2k 0.00% Unchanged
28 Cable Car Capital, LP 0.00% of their portfolio SAN FRANCISCO, CA 125,000125.0k $26.2k $26.2k 0.00% Unchanged
29 GABELLI FUNDS LLC 0.00% of their portfolio Rye, NY 113,800113.8k $23.9k $23.9k 0.00% Unchanged
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 53,30653.3k $11.2k $11.2k 0.00% Unchanged
31 PRELUDE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 50,00050.0k $10.5k $10.5k 0.00% Unchanged
32 MYDA Advisors LLC 0.00% of their portfolio WOODMERE, NY 50,00050.0k $10.5k $10.5k 0.00% Unchanged
33 Mint Tower Capital Management B.V. 0.00% of their portfolio AMSTERDAM, P7 50,00050.0k $11.0k $11.0k 0.00% Unchanged
34 ABC ARBITRAGE SA 0.00% of their portfolio PARIS, I0 20,00020.0k $4.2k $4.2k 0.00% Unchanged
35 ROBINSON CAPITAL MANAGEMENT, LLC 0.00% of their portfolio GROSSE POINTE FARMS, MI 10,00010.0k $21 $21 0.00% New