Vault-13

TEXAS VENTURES ACQUISITION I TVACW

*W EXP 04/23/203 · Equity WRT · CUSIP G8772L113

35 institutional holders +11 vs Q2 2025
9,449,5379.4m shares reported held*
$19.4mreported value*
12 new 1 added 14 reduced 1 sold out net bought ≈ $2.4m (+2.3m 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 ≈ $2.05. Options: 1 managers hold calls ($139.2k notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

02040Q2 25: 24Q3 25: 3535Q2 25Q3 25
Numbers
QuarterHolders
Q2 202524
Q3 202535

Calls vs puts

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

CallsPuts
$0$50k$100k$150kQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $139.2kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$139.2k$00.00

Biggest buyers

Harraden Circle Investments, LLC New +1,213,422+1.2m
Anson Funds Management LP New +850,000+850.0k
Magnetar Financial LLC New +700,000+700.0k
AQR Arbitrage LLC New +667,846+667.8k
Westchester Capital Management, LLC New +354,731+354.7k
Decagon Asset Management LLP New +244,762+244.8k
BNP PARIBAS FINANCIAL MARKETS New +207,153+207.2k
RIVERNORTH CAPITAL MANAGEMENT, LLC New +148,750+148.8k
HGC Investment Management Inc. New +100,000+100.0k
CSS LLC/IL Added +83,198+83.2k

Biggest sellers

TORONTO DOMINION BANK Reduced -896,089-896.1k
Parallax Volatility Advisers, L.P. Reduced -359,533-359.5k
Shaolin Capital Management LLC Reduced -175,000-175.0k
Schonfeld Strategic Advisors LLC Reduced -134,091-134.1k
Hudson Bay Capital Management LP Reduced -128,750-128.8k
Verition Fund Management LLC Reduced -127,012-127.0k
CANTOR FITZGERALD, L. P. Reduced -125,000-125.0k
WOLVERINE ASSET MANAGEMENT LLC Reduced -105,050-105.0k
BERKLEY W R CORP Reduced -101,133-101.1k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -99,869-99.9k

Biggest calls

MILLENNIUM MANAGEMENT LLC New $139.2k126.5k 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 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.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 1 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—1——
DateInsiderTradeSharesPrice ValueTheir holding
2025-09-18 CRIST EUGENE SCOTT +1 Chief Executive Officer, director Sold 7,500,000 — —7.5m shares -100%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Harraden Circle Investments, LLC 0.26% of their portfolio NEW YORK, NY 1,213,4221.2m $1.3m $1.3m 0.26% New
2 TENOR CAPITAL MANAGEMENT Co., L.P. 0.01% of their portfolio NEW YORK, NY 875,000875.0k $962.5k $962.5k 0.01% Unchanged
3 Anson Funds Management LP 1.00% of their portfolio DALLAS, TX 850,000850.0k $9.1m $9.1m 1.00% New
4 Linden Advisors LP 0.01% of their portfolio New York, NY 750,000750.0k $843.8k $843.8k 0.01% Unchanged
5 Magnetar Financial LLC 0.00% of their portfolio EVANSTON, IL 700,000700.0k $770.0k $770.0k 0.00% New
6 AQR Arbitrage LLC 0.02% of their portfolio Greenwich, CT 667,846667.8k $701.3k $701.3k 0.02% New
7 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 397,988398.0k $437.8k $437.8k 0.00% Reduced -127.0k -127,012
8 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 371,250371.2k $408.4k $408.4k 0.00% Reduced -128.8k -128,750
9 Westchester Capital Management, LLC 0.02% of their portfolio VALHALLA, NY 354,731354.7k $390.2k $390.2k 0.02% New
10 Shaolin Capital Management LLC 0.02% of their portfolio Miami, FL 325,000325.0k $357.5k $357.5k 0.02% Reduced -175.0k -175,000
11 Decagon Asset Management LLP 0.14% of their portfolio LONDON, X0 244,762244.8k $269.2k $269.2k 0.14% New
12 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 207,153207.2k $227.9k $227.9k 0.00% New
13 Polar Asset Management Partners Inc. 0.00% of their portfolio TORONTO, A6 200,000200.0k $220.0k $220.0k 0.00% Unchanged
14 PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio Toronto, A6 200,000200.0k $220.0k $220.0k 0.00% Reduced -50.0k -50,000
15 Periscope Capital Inc. 0.05% of their portfolio Toronto, A6 200,000200.0k $220.0k $220.0k 0.05% Reduced -25.0k -25,000
16 ARISTEIA CAPITAL, L.L.C. 0.01% of their portfolio GREENWICH, CT 199,999200.0k $225.0k $225.0k 0.01% Unchanged
17 Parallax Volatility Advisers, L.P. 0.01% of their portfolio San Francisco, CA 199,768199.8k $219.7k $219.7k 0.01% Reduced -359.5k -359,533
18 CANTOR FITZGERALD, L. P. 0.00% of their portfolio NEW YORK, NY 198,523198.5k $218.4k $218.4k 0.00% Reduced -125.0k -125,000
19 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.01% of their portfolio WEST PALM BEACH, FL 148,750148.8k $163.6k $163.6k 0.01% New
20 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 119,391119.4k $131.3k $131.3k 0.00% First filing
21 BERKLEY W R CORP 0.01% of their portfolio Greenwich, CT 119,138119.1k $131.1k $131.1k 0.01% Reduced -101.1k -101,133
22 CSS LLC/IL 0.01% of their portfolio CHICAGO, IL 108,198108.2k $119.0k $119.0k 0.01% Added +83.2k +83,198
23 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 103,911103.9k $114.3k $114.3k 0.00% Reduced -896.1k -896,089
24 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 100,000100.0k $110.0k $110.0k 0.00% Unchanged
25 HGC Investment Management Inc. 0.03% of their portfolio TORONTO, A6 100,000100.0k $110.0k $110.0k 0.03% New
26 Radcliffe Capital Management, L.P. 0.01% of their portfolio BALA CYNWYD, PA 85,90085.9k $96.6k $96.6k 0.01% Reduced -38.2k -38,169
27 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 84,94884.9k $93.4k $93.4k 0.00% Reduced -105.0k -105,050
28 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 75,90975.9k $83.5k $83.5k 0.00% Reduced -134.1k -134,091
29 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.00% of their portfolio CHICAGO, IL 50,00050.0k $56.2k $56.2k 0.00% Not comparable
30 Context Capital Management, LLC 0.00% of their portfolio LAJOLLA, CA 50,00050.0k $55.0k $55.0k 0.00% Reduced -50.0k -50,000
31 Mint Tower Capital Management B.V. 0.07% of their portfolio AMSTERDAM, P7 50,00050.0k $536.0k $536.0k 0.07% New
32 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 32,50032.5k $348.1k $348.1k 0.01% New
33 ATW SPAC MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 32,50032.5k $35.8k $35.8k 0.05% New
34 GLAZER CAPITAL, LLC 0.00% of their portfolio New York, NY 20,00020.0k $22.0k $22.0k 0.00% Reduced -79.6k -79,576
35 HEIGHTS CAPITAL MANAGEMENT, INC 0.00% of their portfolio SAN FRANCISCO, CA 12,95012.9k $14.2k $14.2k 0.00% Unchanged