Vault-13

HCM IV ACQUISITION CORP HACQW

*W EXP 01/20/203 · Equity WRT · CUSIP G4365S110

41 institutional holders
4,873,3434.9m shares reported held*
$2.8mreported value*

* 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 ≈ $0.57. Options: 1 managers hold calls ($213.0k notional), 0 hold puts (—).

Trends to Q2 2026

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $213.0kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$213.0k$00.00

Biggest buyers

Polar Asset Management Partners Inc. New +350,000+350.0k
MMCAP International Inc. SPC New +350,000+350.0k
AQR Arbitrage LLC New +325,528+325.5k
Linden Advisors LP New +312,500+312.5k
Alberta Investment Management Corp New +250,000+250.0k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +250,000+250.0k
Magnetar Financial LLC New +250,000+250.0k
HIGHBRIDGE CAPITAL MANAGEMENT LLC New +249,999+250.0k
Hudson Bay Capital Management LP New +204,000+204.0k
TORONTO DOMINION BANK New +200,146+200.1k

Biggest sellers

None

Biggest calls

MILLENNIUM MANAGEMENT LLC New $213.0k394.5k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales since 1 Apr 2026

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 since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MMCAP International Inc. SPC 0.02% of their portfolio GRAND CAYMAN, E9 350,000350.0k $189.0k $189.0k 0.02% New
2 Polar Asset Management Partners Inc. 0.00% of their portfolio TORONTO, A6 350,000350.0k $189.0k $189.0k 0.00% New
3 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 325,528325.5k $169.3k $169.3k 0.00% New
4 Linden Advisors LP 0.00% of their portfolio New York, NY 312,500312.5k $178.1k $178.1k 0.00% New
5 Magnetar Financial LLC 0.00% of their portfolio EVANSTON, IL 250,000250.0k $142.5k $142.5k 0.00% New
6 Alberta Investment Management Corp 0.00% of their portfolio EDMONTON, A0 250,000250.0k $135.0k $135.0k 0.00% New
7 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 250,000250.0k $135.0k $135.0k 0.00% New
8 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 249,999250.0k $130.0k $130.0k 0.00% New
9 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 204,000204.0k $110.2k $110.2k 0.00% New
10 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 200,146200.1k $108.1k $108.1k 0.00% New
11 GLAZER CAPITAL, LLC 0.00% of their portfolio New York, NY 175,000175.0k $95.0k $95.0k 0.00% New
12 Saba Capital Management, L.P. 0.00% of their portfolio NEW YORK, NY 174,998175.0k $99.7k $99.7k 0.00% New
13 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 154,764154.8k $83.6k $83.6k 0.00% New
14 Kryger Capital LLC 0.00% of their portfolio HAMILTON, D0 150,467150.5k $81.3k $81.3k 0.00% New
15 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 150,000150.0k $81.0k $81.0k 0.00% New
16 Mint Tower Capital Management B.V. 0.01% of their portfolio AMSTERDAM, P7 125,000125.0k $68.0k $68.0k 0.01% New
17 PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio Toronto, A6 124,999125.0k $67.5k $67.5k 0.00% New
18 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 112,500112.5k $60.8k $60.8k 0.00% New
19 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 100,000100.0k $54.0k $54.0k 0.00% New
20 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 89,99090.0k $48.6k $48.6k 0.00% New
21 Radcliffe Capital Management, L.P. 0.00% of their portfolio BALA CYNWYD, PA 89,28389.3k $50.9k $50.9k 0.00% New
22 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio HARRISBURG, PA 75,00075.0k $40.5k $40.5k 0.00% New
23 SONA ASSET MANAGEMENT (US) LLC 0.00% of their portfolio NEW YORK, NY 75,00075.0k $40.5k $40.5k 0.00% New
24 Periscope Capital Inc. 0.01% of their portfolio Toronto, A6 71,10071.1k $38.4k $38.4k 0.01% New
25 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 63,22863.2k $34.1k $34.1k 0.00% New
26 TIG Advisors, LLC 0.00% of their portfolio New York, NY 62,52362.5k $33.8k $33.8k 0.00% New
27 HBK INVESTMENTS L P 0.00% of their portfolio DALLAS, TX 62,50162.5k $33.8k $33.8k 0.00% New
28 Sculptor Capital LP 0.00% of their portfolio New York, NY 62,45862.5k $33.7k $33.7k 0.00% New
29 Shaolin Capital Management LLC 0.00% of their portfolio Miami, FL 57,10357.1k $30.8k $30.8k 0.00% New
30 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio WEST PALM BEACH, FL 50,00050.0k $25.2k $25.2k 0.00% New
31 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 50,00050.0k $27.0k $27.0k 0.00% New
32 K2 PRINCIPAL FUND, L.P. 0.00% of their portfolio TORONTO, A6 50,00050.0k $27.0k $27.0k 0.00% New
33 DLD Asset Management, LP 0.00% of their portfolio NEW YORK, NY 50,00050.0k $27.0k $27.0k 0.00% New
34 Governors Lane LP 0.00% of their portfolio NEW YORK, NY 43,75043.8k $23.6k $23.6k 0.00% New
35 Bulldog Investors, LLP 0.00% of their portfolio SADDLE BROOK, NJ 37,50037.5k $20.2k $20.2k 0.00% New
36 Galaxy Digital Inc. 0.00% of their portfolio NEW YORK, NY 37,50037.5k $20.2k $20.2k 0.00% New
37 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 31,25031.2k $16.9k $16.9k 0.00% New
38 BERKLEY W R CORP 0.00% of their portfolio Greenwich, CT 24,85824.9k $14.2k $14.2k 0.00% New
39 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio Boston, MA 12,50012.5k $6.8k $6.8k 0.00% New
40 HEIGHTS CAPITAL MANAGEMENT, INC 0.00% of their portfolio SAN FRANCISCO, CA 11,89711.9k $6.4k $6.4k 0.00% New
41 Kepos Capital LP 0.00% of their portfolio NEW YORK, NY 6,0006.0k $3.0k $3.0k 0.00% New