Vault-13

EMBRACE CHANGE ACQUISITN COR EMCUF

UNIT 03/17/2027 · Unit · CUSIP G3034H133

14 institutional holders -18 vs Q3 2022
1,141,5971.1m shares reported held*
$11.7mreported value*
0 new 0 added 4 reduced 19 sold out net sold ≈ $33.0m (-3.2m 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 ($141.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.29.

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 32Q4 22: 1414Q3 22Q4 22
Numbers
QuarterHolders
Q3 202232
Q4 202214

Biggest buyers

None

Biggest sellers

ATW SPAC MANAGEMENT LLC Sold out -375,000-375.0k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -346,875-346.9k
Context Capital Management, LLC Sold out -300,000-300.0k
Hudson Bay Capital Management LP Sold out -285,000-285.0k
OAKTREE CAPITAL MANAGEMENT LP Sold out -245,000-245.0k
AQR Arbitrage LLC Sold out -200,000-200.0k
Radcliffe Capital Management, L.P. Sold out -200,000-200.0k
Sage Rock Capital Management LP Sold out -200,000-200.0k
TWO SIGMA INVESTMENTS, LP Sold out -162,500-162.5k
Wealthspring Capital LLC Reduced -150,940-150.9k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: TD SECURITIES (USA) LLC (0.5%, 2025-11-14), MIZUHO FINANCIAL GROUP INC (0.0%, 2025-11-13)

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WOLVERINE ASSET MANAGEMENT LLC 0.05% of their portfolio CHICAGO, IL 304,000304.0k $3.1m $3.1m 0.05% Unchanged
2 Yakira Capital Management, Inc. 0.50% of their portfolio Westport, CT 235,000235.0k $2.4m $2.4m 0.50% Unchanged
3 Walleye Capital LLC 0.03% of their portfolio NEW YORK, NY 131,200131.2k $1.3m $1.3m 0.03% Unchanged
4 Shaolin Capital Management LLC 0.04% of their portfolio Miami, FL 125,000125.0k $1.3m $1.3m 0.04% Unchanged
5 Schechter Investment Advisors, LLC 0.12% of their portfolio BIRMINGHAM, MI 123,640123.6k $1.3m $1.3m 0.12% Reduced -27.3k -27,300
6 Walleye Trading LLC 0.02% of their portfolio NEW YORK, NY 73,80073.8k $755.7k $755.7k 0.02% Unchanged
7 Spartan Fund Management Inc. 0.26% of their portfolio TORONTO, ONTARIO, Z4 70,00070.0k $724.0k $724.0k 0.26% Unchanged
8 Crystalline Management Inc. 0.19% of their portfolio Montreal, Quebec, Z4 37,00037.0k $382.8k $382.8k 0.19% First filing
9 Terrapin Asset Management, LLC 0.31% of their portfolio Miami, FL 29,00029.0k $300.0k $300.0k 0.31% First filing
10 Wealthspring Capital LLC 0.21% of their portfolio WEST HARRISON, NY 13,70013.7k $141.7k $141.7k 0.21% Reduced -150.9k -150,940
11 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 11,28011.3k $116.0k $116.0k 0.00% Reduced -20.5k -20,528
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,6681.7k $17.2k $17.2k 0.00% Reduced -437 -437
13 GLAZER CAPITAL, LLC 0.00% of their portfolio New York, NY 99 $0 $0 0.00% Unchanged
14 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged