# EDGAR Filing Document

**Accession Number:** 0001304857
**File Stem:** 0000912282-26-000731
**Filing Date:** 2026-5
**Character Count:** 31438
**Document Hash:** f6e7df274e25ebd6a42c804af3002209
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000912282-26-000731.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0000912282-26-000731

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MMCAP International Inc. SPC
- **CENTRAL INDEX KEY:** 0001304857

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20111
- **FILM NUMBER:** 26984057

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** C/O MOURANT GOVERNANCE SVCS (CAYMAN) LTD
- **STREET 2:** 94 SOLARIS AVE., CAMANA BAY, PO BOX 1348
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
- **ZIP:** KY1-1108
- **BUSINESS PHONE:** 416-408-0997

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** C/O MOURANT GOVERNANCE SVCS (CAYMAN) LTD
- **STREET 2:** 94 SOLARIS AVE., CAMANA BAY, PO BOX 1348
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
- **ZIP:** KY1-1108

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** MMCAP International Inc. SPC<br>**Address:** C/O MOURANT GOVERNANCE SVCS (CAYMAN) LTD<br>94 SOLARIS AVE. CAMANA BAY PO BOX 1348<br>GRAND CAYMAN, E9 KY1-1108

**Form 13F File Number:** 028-20111

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ulla Vestergaard<br>**Title:** Director MMCAP International Inc. SPC<br>**Phone:** 416-408-0994

**Signature, Place, and Date of Signing:**

/s/ Ulla Vestergaard  Toronto, A6  05-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 244

**Form 13F Information Table Value Total:** $1158292563

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Gen Digital Inc | RIGHT 99/99/9999 | 668771116 |  | 255427 | 542308 | SH |  | SOLE |  | 542308 | 0 | 0 |
| Coeur MNG INC | COM NEW | 192108504 |  | 1407750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| Sunococorp LLC | COM SHS LLC | 86765Q106 |  | 1402846 | 22755 | SH |  | SOLE |  | 22755 | 0 | 0 |
| Valens Semiconductor Ltd | *W EXP 09/30/202 | M9607U107 |  | 5566 | 214067 | SH |  | SOLE |  | 214067 | 0 | 0 |
| Forafric Global PLC | *W EXP 06/09/202 | X3R81D110 |  | 364890 | 518900 | SH |  | SOLE |  | 518900 | 0 | 0 |
| Alpha Tau Medical Ltd | *W EXP 99/99/999 | M0740A116 |  | 447622 | 447622 | SH |  | SOLE |  | 447622 | 0 | 0 |
| Satellogic Inc | *W EXP 01/25/202 | 80401C118 |  | 199999 | 166666 | SH |  | SOLE |  | 166666 | 0 | 0 |
| Alliance Entertainment Holding | *W EXP 02/11/202 | 01861F110 |  | 176429 | 294000 | SH |  | SOLE |  | 294000 | 0 | 0 |
| Liminatus Pharma Inc | *W EXP 04/30/203 | 53271X116 |  | 4470 | 111745 | SH |  | SOLE |  | 111745 | 0 | 0 |
| Blue Gold Ltd | *W EXP 04/01/203 | G1331C112 |  | 2500 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| CID Holdco Inc | *W EXP 12/31/202 | 171756117 |  | 2650 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| Fold Holdings Inc | *W EXP 02/14/203 | 29103K118 |  | 19250 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| Evolution Metals  Technologie | COM | 30054B107 |  | 493350 | 65000 | SH |  | SOLE |  | 65000 | 0 | 0 |
| Fusemachines Inc | COM SHS | 36118R103 |  | 33184 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| Fusemachines Inc | *W EXP 10/22/203 | 36118R111 |  | 13125 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| Alchemy Investments Acquisitio | *W EX 11/30/202 | G0232F133 |  | 24000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| Keen Vision Acquisition Corp | *W EXP 03/15/202 | G52443127 |  | 4500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| Haymaker Acquisition Corp 4 | CLASS A | G4375F108 |  | 10386000 | 900000 | SH |  | SOLE |  | 900000 | 0 | 0 |
| Spark I Acquisition Corp | *W EXP 10/01/203 | G8316B118 |  | 31500 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| Legato Merger Corp III | ORD SHS | G5451A103 |  | 1099000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| Legato Merger Corp III | *W EXP 05/08/203 | G5451A111 |  | 25000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| Churchill Capital Corp IX | CL A SHS | G21301109 |  | 1068000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| Churchill Capital Corp IX | *W EXP 03/31/203 | G21301117 |  | 151875 | 337500 | SH |  | SOLE |  | 337500 | 0 | 0 |
| Silverbox Corp IV | SHS CL A | G81354105 |  | 10486000 | 980000 | SH |  | SOLE |  | 980000 | 0 | 0 |
| Silverbox Corp IV | *W EXP 08/19/202 | G81354121 |  | 73141 | 326666 | SH |  | SOLE |  | 326666 | 0 | 0 |
| Newbury Street II Acquisition | ORD SHS CL A | G6439S109 |  | 4729500 | 450000 | SH |  | SOLE |  | 450000 | 0 | 0 |
| Newbury Street II Acquisition | *W EXP 06/01/203 | G6439S117 |  | 40500 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| CO2 Energy Transition Corp | COM | 12664M103 |  | 6118300 | 590000 | SH |  | SOLE |  | 590000 | 0 | 0 |
| CO2 Energy Transition Corp | *W EXP 08/17/202 | 12664M111 |  | 64900 | 590000 | SH |  | SOLE |  | 590000 | 0 | 0 |
| CO2 Energy Transition Corp | RIGHT 10/15/2028 | 12664M129 |  | 100300 | 590000 | SH |  | SOLE |  | 590000 | 0 | 0 |
| Jackson Acquisition Co II | RIGHT 99/99/9999 | G4992A136 |  | 57800 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| Translational Development Acqu | COM CL A | G9008W105 |  | 3703000 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| Translational Development Acqu | *W EXP 12/18/202 | G9008W113 |  | 21000 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| Stellar V Capital Corp | SHS CL A | G8475V103 |  | 2926000 | 280000 | SH |  | SOLE |  | 280000 | 0 | 0 |
| Stellar V Capital Corp | *W EXP 10/15/202 | G8475V111 |  | 30814 | 140000 | SH |  | SOLE |  | 140000 | 0 | 0 |
| Archimedes Tech SPAC Partners | ORD SHS | G04537109 |  | 1301250 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| Archimedes Tech SPAC Partners | *W EXP 1015/202 | G04537125 |  | 31875 | 62500 | SH |  | SOLE |  | 62500 | 0 | 0 |
| Gesher Acquisition Corp II | USD CL A ORD SHS | G3852D107 |  | 1813000 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| Gesher Acquisition Corp II | *W EXP 10/31/203 | G3852D115 |  | 22969 | 87500 | SH |  | SOLE |  | 87500 | 0 | 0 |
| Inflection Point Acquisition C | CL A ORD SHS | G47875102 |  | 14301000 | 1400000 | SH |  | SOLE |  | 1400000 | 0 | 0 |
| Inflection Point Acquisition C | RIGHT 04/25/2030 | G47875110 |  | 490000 | 1400000 | SH |  | SOLE |  | 1400000 | 0 | 0 |
| Republic Digital Acquisition C | USD CL A ORD SHS | G7515A103 |  | 16009950 | 1565000 | SH |  | SOLE |  | 1565000 | 0 | 0 |
| Republic Digital Acquisition C | UNIT 99/99/9999 | G7515A129 |  | 344222 | 782500 | SH |  | SOLE |  | 782500 | 0 | 0 |
| CARTESIAN GROWTH CORP III | COM CL A | G19307100 |  | 13844250 | 1350000 | SH |  | SOLE |  | 1350000 | 0 | 0 |
| CARTESIAN GROWTH CORP III | *W EXP 05/02/203 | G19307126 |  | 459000 | 675000 | SH |  | SOLE |  | 675000 | 0 | 0 |
| Gores Holdings X Inc | SHS CL A | G4002F109 |  | 7168000 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| Gores Holdings X Inc | *W EXP 05/02/203 | G4002F125 |  | 98000 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| Infleqtion Inc | COM SHS | 45676K111 |  | 1907042 | 430970 | SH |  | SOLE |  | 430970 | 0 | 0 |
| ProCap Acquisition Corp | SHS CL A | G7257A105 |  | 1019000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| ProCap Acquisition Corp | *W EXP 05/16/203 | G7257A121 |  | 10667 | 33333 | SH |  | SOLE |  | 33333 | 0 | 0 |
| Oyster Enterprises II Acquisit | ORD SHS CL A | G6861F104 |  | 2034020 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| Oyster Enterprises II Acquisit | RIGHT 05/22/2030 | G6861F138 |  | 25000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| Blue Acquisition Corp | ORD SHS CL A | G1331A108 |  | 2552500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Blue Acquisition Corp | RIGHT 06/11/2030 | G1331A116 |  | 75000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Blue Water Acquisition Corp II | ORD SHS CL A | G1368E106 |  | 2056000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| Blue Water Acquisition Corp II | *W EXP 05/23/203 | G1368E114 |  | 50000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| BEST SPAC I Acquisition Corp | USD CL A ORD SHS | G1069P103 |  | 1282500 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| BEST SPAC I Acquisition Corp | RIGHT 05/27/2030 | G1069P129 |  | 19925 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| Pioneer Acquisition I Corp | CL A ORD SHS | G7117W107 |  | 7597500 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| Pioneer Acquisition I Corp | *W EXP 06/16/203 | G7117W115 |  | 67500 | 375000 | SH |  | SOLE |  | 375000 | 0 | 0 |
| Lightwave Acquisition Corp | USD CL A ORD SHS | G5490M100 |  | 2550000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Lightwave Acquisition Corp | *W EXP 06/06/203 | G5490M126 |  | 30013 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| Oxley Bridge Acquisition Ltd | USD CL A ORD SHS | G6858G107 |  | 7597500 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| Oxley Bridge Acquisition Ltd | *W EXP 06/17/203 | G6858G115 |  | 75000 | 375000 | SH |  | SOLE |  | 375000 | 0 | 0 |
| FIGX Capital Acquisition Corp | USD CL A ORD SHS | G3473K100 |  | 5050000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| FIGX Capital Acquisition Corp | *W EXP 06/17/203 | G3473K118 |  | 67550 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Cantor Equity Partners III Inc | SHS CL A | G1828A108 |  | 7732500 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| Cantor Equity Partners IV Inc | SHS CL A | G1828E100 |  | 15285000 | 1500000 | SH |  | SOLE |  | 1500000 | 0 | 0 |
| American Exceptionalism Acquis | ORD CL A | G0273J101 |  | 6839080 | 631494 | SH |  | SOLE |  | 631494 | 0 | 0 |
| 1RT Acquisition Corp | USD CL A ORD SHS | G6757R105 |  | 6084000 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| 1RT Acquisition Corp | *W EXP 06/26/203 | G6757R113 |  | 64515 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| Trailblazer Acquisition Corp | ORD SHS CL A | G9009S103 |  | 10050000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| Trailblazer Acquisition Corp | *W EXP 09/30/203 | G9009S111 |  | 132233 | 333333 | SH |  | SOLE |  | 333333 | 0 | 0 |
| Chenghe Acquisition III Co | ORD SHS CL A | G2086N105 |  | 1512000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| Chenghe Acquisition III Co | *W EXP 09/09/203 | G2086N121 |  | 18000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| Galata Acquisition Corp II | ORD SHS CL A | G3R25N108 |  | 999000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| Galata Acquisition Corp II | *W EXP 09/12/203 | G3R25N116 |  | 10003 | 33333 | SH |  | SOLE |  | 33333 | 0 | 0 |
| Drugs Made In America Acquisit | ORD SHS | G2851K104 |  | 26919000 | 2700000 | SH |  | SOLE |  | 2700000 | 0 | 0 |
| Drugs Made In America Acquisit | RIGHT 10/15/2029 | G2851K112 |  | 216000 | 2700000 | SH |  | SOLE |  | 2700000 | 0 | 0 |
| FutureCrest Acquisition Corp | CL A ORD SHS | G3730U107 |  | 10060000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| FutureCrest Acquisition Corp | *W EXP 09/30/203 | G3730U115 |  | 147500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Range Capital Acquisition Corp | CL A ORD SHS | G7375J103 |  | 2500000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Range Capital Acquisition Corp | *W EXP 09/29/203 | G7375J111 |  | 44838 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| Cantor Equity Partners V Inc | SHS CL A S | G1828S109 |  | 12120000 | 1200000 | SH |  | SOLE |  | 1200000 | 0 | 0 |
| Tailwind 2.0 Acquisition Corp | ORD SHS CL A | G8662J111 |  | 744000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| Tailwind 2.0 Acquisition Corp | RIGHT 11/07/2030 | G8662J129 |  | 14250 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| Evolution Global Acquisition C | USD CL A ORD SHS | G3226F101 |  | 1992000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| Evolution Global Acquisition C | *W EXP 10/22/203 | G3226F119 |  | 40000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| Hall Chadwick Acquisition Corp | ORD SHS CL A | G42386121 |  | 1793750 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| Bitcoin Infrastructure Acquisi | USD CL A ORD SHS | G1143H101 |  | 1488000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| Bitcoin Infrastructure Acquisi | *W EXP 11/06/203 | G1143H119 |  | 22275 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| SilverBox Corp V | UNIT 99/99/9999 | G8148S123 |  | 7556250 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| Activate Energy Acquisition Co | UNIT 11/10/2030 | G0081J129 |  | 2016000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| Leapfrog Acquisition Corp | UNIT 11/10/2030 | G5414D129 |  | 1507500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| Launchpad Cadenza Acquisition | UNIT 12/15/2030 | G6001S123 |  | 10000000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| American Drive Acquisition Co | UNIT 12/04/2030 | G0R91M121 |  | 9990000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| Daedalus Special Acquisition C | UNIT 11/10/2030 | G2616C124 |  | 2006000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| Meshflow Acquisition Corp | UNIT 11/19/2030 | G6032N127 |  | 14940000 | 1500000 | SH |  | SOLE |  | 1500000 | 0 | 0 |
| Bluerock Acquisition Corp | UNIT 11/06/2030 | G1352R121 |  | 4012000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| Twelve Seas Investment Co III | ORD SHS CL A | G9145D101 |  | 3948000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| Twelve Seas Investment Co III | RIGHT 11/21/2030 | G9145D119 |  | 60080 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| ITHAX Acquisition Corp III | UNIT 11/17/2030 | G4977S128 |  | 7968000 | 800000 | SH |  | SOLE |  | 800000 | 0 | 0 |
| Crane Harbor Acquisition Corp | ORD SHS CL A | G25014104 |  | 6441500 | 650000 | SH |  | SOLE |  | 650000 | 0 | 0 |
| Crane Harbor Acquisition Corp | RIGHT 12/09/2030 | G25014112 |  | 117000 | 650000 | SH |  | SOLE |  | 650000 | 0 | 0 |
| Churchill Capital Corp XI | UNIT 12/10/2030 | G2131A124 |  | 27675000 | 2700000 | SH |  | SOLE |  | 2700000 | 0 | 0 |
| Iron Horse Acquisition II Corp | UNIT 07/11/2030 | 46283H202 |  | 14940000 | 1500000 | SH |  | SOLE |  | 1500000 | 0 | 0 |
| Social Commerce Partners Corp | UNIT 11/24/2030 | G8254P129 |  | 3003000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| Black Spade Acquisition III Co | UNIT 99/99/9999 | G1154S129 |  | 2500000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Art Technology Acquisition Cor | UNIT 12/19/2030 | G0579E129 |  | 3487770 | 352300 | SH |  | SOLE |  | 352300 | 0 | 0 |
| New America Acquisition I Corp | UNIT 99/99/9999 | 023634207 |  | 2176956 | 209726 | SH |  | SOLE |  | 209726 | 0 | 0 |
| X3 Acquisition Corp Ltd | UNIT 12/19/2030 | G9831H127 |  | 2485000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Aldabra 4 Liquidity Opportunit | UNIT 12/23/2030 | G01900201 |  | 11940000 | 1200000 | SH |  | SOLE |  | 1200000 | 0 | 0 |
| Legato Merger Corp IV | UNIT 99/99/9999 | G7318R121 |  | 2495000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Archimedes Tech SPAC Partners | UNIT 01/23/2031 | G0453R121 |  | 3000000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| Mountain Lake Acquisition Corp | SHS CL A | G6301L125 |  | 4965000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| Space Asset Acquisition Corp | UNIT 01/13/2031 | G8375S127 |  | 2038000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| United Acquisition Corp I | UNIT 99/99/9999 | G92ALM124 |  | 10396680 | 1050000 | SH |  | SOLE |  | 1050000 | 0 | 0 |
| Muzero Acquisition Corp | UNIT 01/30/2031 | G8775A122 |  | 2979000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| M Evo Global Acquisition Corp | UNIT 01/23/2031 | G6071J128 |  | 4004000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| Iris Acquisition Corp II | UNIT 99/99/9999 | G4940M125 |  | 5976000 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| Hennessy Capital Investment Co | UNIT 02/02/2031 | G44055112 |  | 1000000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| SPACSphere Acquisition Corp | UNIT 02/06/2031 | G8T088125 |  | 503500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| Spring Valley Acquisition Corp | UNIT 01/22/2031 | G8377G121 |  | 6096000 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| Columbus Circle Capital Corp I | UNIT 02/11/2031 | G2296M111 |  | 2997000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| D Boral Acquisition I Corp | UNIT 01/30/2031 | G2616T127 |  | 7500000 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| Idea Acquisition Corp | UNIT 01/06/2031 | G4727U126 |  | 17342500 | 1750000 | SH |  | SOLE |  | 1750000 | 0 | 0 |
| Spartacus Acquisition Corp II | UNIT 01/30/2031 | G8303R126 |  | 1003500 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| Cambridge Acquisition Corp | UNIT 01/30/2031 | G1871M124 |  | 4980000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| HCM IV Acquisition Corp | UNIT 01/20/2031 | G4365S128 |  | 14042000 | 1400000 | SH |  | SOLE |  | 1400000 | 0 | 0 |
| Willow Lane Acquisition Corp I | UNIT 01/27/2031 | G9675K129 |  | 1010000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| MOZAYYX Acquisition Corp | UNIT 99/99/9999 | G63113123 |  | 17413025 | 1750000 | SH |  | SOLE |  | 1750000 | 0 | 0 |
| Illumination Acquisition Corp | UNIT 12/23/2031 | G470AU126 |  | 744000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| BHAV Acquisition Corp | UNIT 03/18/2031 | G1R59W127 |  | 3493000 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| Inflection Point Acquisition C | UNIT 03/03/2031 | G4790S123 |  | 15180000 | 1500000 | SH |  | SOLE |  | 1500000 | 0 | 0 |
| QDRO Acquisition Corp | UNIT 01/28/2031 | G7310E128 |  | 14865000 | 1500000 | SH |  | SOLE |  | 1500000 | 0 | 0 |
| Hub Cyber Security Ltd | *W EXP 02/27/202 | M6000J127 |  | 6293 | 898991 | SH |  | SOLE |  | 898991 | 0 | 0 |
| NewGenIvf Group Ltd | *W EXP 04/03/202 | G0544E113 |  | 5250 | 375000 | SH |  | SOLE |  | 375000 | 0 | 0 |
| Banzai International Inc | *W EXP 12/14/202 | 06682J118 |  | 4617 | 352409 | SH |  | SOLE |  | 352409 | 0 | 0 |
| Nauticus Robotics Inc | *W EXP 03/15/202 | 63911H116 |  | 24750 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| Dragonfly Energy Holdings Corp | *W EXP 10/07/202 | 26145B114 |  | 26257 | 675000 | SH |  | SOLE |  | 675000 | 0 | 0 |
| MultiSensor AI Holdings Inc | *W EXP 12/19/202 | 456948116 |  | 6852 | 175250 | SH |  | SOLE |  | 175250 | 0 | 0 |
| Zeo Energy Corp | *W EXP 03/13/202 | 98944F117 |  | 8038 | 195575 | SH |  | SOLE |  | 195575 | 0 | 0 |
| Tevogen Bio Holdings Inc | *W EXP 02/14/202 | 88165K119 |  | 22035 | 650000 | SH |  | SOLE |  | 650000 | 0 | 0 |
| Roadzen Inc | *W EXP 11/30/202 | G7606H116 |  | 16800 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| Terrestrial Energy Inc | COM SHS | 881454102 |  | 265895 | 44279 | SH |  | SOLE |  | 44279 | 0 | 0 |
| Alps Group Inc | ORD SHS | G0231P108 |  | 54000 | 54000 | SH |  | SOLE |  | 54000 | 0 | 0 |
| Rezolve AI PLC | *W EXP 08/15/202 | G75398118 |  | 215625 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| VSee Health Inc | *W EXP 99/99/999 | 92919Y110 |  | 18900 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| Blaize Holdings Inc | *W EXP 01/13/203 | 092915115 |  | 285000 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| Oculis Holding AG | *W EXP 03/06/202 | H5870P110 |  | 949325 | 73025 | SH |  | SOLE |  | 73025 | 0 | 0 |
| OmniAb Inc | *W EXP 99/99/999 | 68218J111 |  | 12667 | 158333 | SH |  | SOLE |  | 158333 | 0 | 0 |
| Beneficient | *W EXP 06/07/202 | 08178Q119 |  | 10500 | 750000 | SH |  | SOLE |  | 750000 | 0 | 0 |
| Apollomics Inc | *W EXP 04/01/202 | G0411D115 |  | 3800 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Psyence Biomedical Ltd | *W EXP 01/22/202 | 74449F118 |  | 10920 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| Critical Metals Corp | *W EXP 02/27/202 | G2662B111 |  | 366684 | 105369 | SH |  | SOLE |  | 105369 | 0 | 0 |
| SMX Security Matters PLC | *W EXP 03/07/202 | G8267K117 |  | 5550 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| BitFuFu Inc | *W EXP 03/01/202 | G1152A120 |  | 41250 | 330000 | SH |  | SOLE |  | 330000 | 0 | 0 |
| Murano Global Investments PLC | *W EXP 03/19/202 | G63369113 |  | 20000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| CDT Equity Inc | *W EXP 09/22/202 | 20678X114 |  | 5810 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| EON Resources Inc | *W EXP 11/15/202 | 40472A128 |  | 29252 | 257500 | SH |  | SOLE |  | 257500 | 0 | 0 |
| Foxx Development Holdings Inc | *W EXP 09/26/202 | 351665112 |  | 14032 | 160000 | SH |  | SOLE |  | 160000 | 0 | 0 |
| SBC Medical Group Holdings Inc | *W EXP 09/17/202 | 73245B115 |  | 90750 | 330000 | SH |  | SOLE |  | 330000 | 0 | 0 |
| Cycurion Inc | *W EXP 02/13/203 | 95758L115 |  | 10450 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| Classover Holdings Inc | *W EXP 04/03/203 | 182744110 |  | 3094 | 187500 | SH |  | SOLE |  | 187500 | 0 | 0 |
| GIBO Holdings Ltd | *W EXP 05/08/203 | G38617117 |  | 2813 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| Alpha Modus Holdings Inc | *W EXP 12/13/202 | 020952115 |  | 26401 | 588000 | SH |  | SOLE |  | 588000 | 0 | 0 |
| Centurion Acquisition Corp | SHS CL A | G20315100 |  | 12643000 | 1175000 | SH |  | SOLE |  | 1175000 | 0 | 0 |
| Centurion Acquisition Corp | *W EXP 05/31/203 | G20315118 |  | 152831 | 1237500 | SH |  | SOLE |  | 1237500 | 0 | 0 |
| Lionheart Holdings | SHS CL A | G5501C109 |  | 10544800 | 980000 | SH |  | SOLE |  | 980000 | 0 | 0 |
| Lionheart Holdings | *W EXP 06/07/203 | G5501C117 |  | 113949 | 990000 | SH |  | SOLE |  | 990000 | 0 | 0 |
| Graf Global Corp | *W EXP 05/31/203 | G4036C122 |  | 53908 | 415000 | SH |  | SOLE |  | 415000 | 0 | 0 |
| Graf Global Corp | ORD SHS CL A | G4036C106 |  | 8889300 | 830000 | SH |  | SOLE |  | 830000 | 0 | 0 |
| GP-Act III Acquisition Corp | CL A | G4035N103 |  | 13821000 | 1275000 | SH |  | SOLE |  | 1275000 | 0 | 0 |
| GP-Act III Acquisition Corp | *W EXP 05/3/202 | G4035N129 |  | 145458 | 1037500 | SH |  | SOLE |  | 1037500 | 0 | 0 |
| SIM Acquisition Corp I | SHS CL A | G8431T101 |  | 10505600 | 980000 | SH |  | SOLE |  | 980000 | 0 | 0 |
| SIM Acquisition Corp I | *W EXP 06/01/203 | G8431T119 |  | 247500 | 990000 | SH |  | SOLE |  | 990000 | 0 | 0 |
| Launch Two Acquisition Corp | ORD SHS CL A | G5S87A105 |  | 5097600 | 480000 | SH |  | SOLE |  | 480000 | 0 | 0 |
| Launch Two Acquisition Corp | *W EXP 10/09/202 | G5S87A113 |  | 76489 | 490000 | SH |  | SOLE |  | 490000 | 0 | 0 |
| Launch One Acquisition Corp | SHS CLASS A | G5S86M100 |  | 15850800 | 1480000 | SH |  | SOLE |  | 1480000 | 0 | 0 |
| Launch One Acquisition Corp | *W EXP 06/01/203 | G5S86M126 |  | 136620 | 990000 | SH |  | SOLE |  | 990000 | 0 | 0 |
| Voyager Acquisition Corp | CL A | G93A7H104 |  | 3002500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| Voyager Acquisition Corp | *W EXP 05/16/203 | G93A7H112 |  | 18875 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| Andretti Acquisition Corp II | ORD SHS CL A | G26745102 |  | 6174100 | 580000 | SH |  | SOLE |  | 580000 | 0 | 0 |
| Andretti Acquisition Corp II | *W EXP 06/01/203 | G26745128 |  | 31987 | 290000 | SH |  | SOLE |  | 290000 | 0 | 0 |
| NewHold Investment Corp III | ORD SHS CL A | G6486E102 |  | 2074000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| NewHold Investment Corp III | *W EXP 01/30/203 | G6486E110 |  | 41000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| Fifth Era Acquisition Corp I | ORD SHS CL A | G3415K101 |  | 19570000 | 1900000 | SH |  | SOLE |  | 1900000 | 0 | 0 |
| Fifth Era Acquisition Corp I | RIGHT 02/21/2030 | G3415K135 |  | 570000 | 1900000 | SH |  | SOLE |  | 1900000 | 0 | 0 |
| New Providence Acquisition Cor | USD CL A ORD SHS | G6476A102 |  | 22572000 | 2200000 | SH |  | SOLE |  | 2200000 | 0 | 0 |
| New Providence Acquisition Cor | *W EXP 04/24/203 | G6476A110 |  | 139333 | 733333 | SH |  | SOLE |  | 733333 | 0 | 0 |
| Wen Acquisition Corp | COM CL A | G9R39C103 |  | 12216000 | 1200000 | SH |  | SOLE |  | 1200000 | 0 | 0 |
| Wen Acquisition Corp | *W EXP 99/99/999 | G9R39C111 |  | 192300 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| HCM III Acquisition Corp | ORD SHS CL A | G4365E103 |  | 10080000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| HCM III Acquisition Corp | *w exp 07/23/203 | G4365E111 |  | 150000 | 333333 | SH |  | SOLE |  | 333333 | 0 | 0 |
| M3-Brigade Acquisition VI Corp | ORD SHS CL A | G63221108 |  | 11055000 | 1100000 | SH |  | SOLE |  | 1100000 | 0 | 0 |
| M3-Brigade Acquisition VI Corp | *W EXP 08/18/203 | G63221116 |  | 126536 | 366666 | SH |  | SOLE |  | 366666 | 0 | 0 |
| M3-Brigade Acquisition V Corp | CL A | G63212107 |  | 5907000 | 550000 | SH |  | SOLE |  | 550000 | 0 | 0 |
| M3-Brigade Acquisition V Corp | *W EXP 99/99/999 | G63212115 |  | 104307 | 349671 | SH |  | SOLE |  | 349671 | 0 | 0 |
| XANADU QUANTUM TECHNOLO-CL B | SUB VTG B | 98390R102 |  | 48125000 | 6875000 | SH |  | SOLE |  | 6875000 | 0 | 0 |
| POET Technologies Inc | COM NEW | 73044W302 |  | 8874586 | 1494038 | SH |  | SOLE |  | 1494038 | 0 | 0 |
| ViewBix Inc | COM | 926711300 |  | 227930 | 115995 | SH |  | SOLE |  | 115995 | 0 | 0 |
| Bitfarms Ltd/Canada | COM | 09173B107 |  | 3305831 | 1695298 | SH |  | SOLE |  | 1695298 | 0 | 0 |
| Cardiol Therapeutics Inc | COM CL A | 14161Y200 |  | 20725628 | 15352317 | SH |  | SOLE |  | 15352317 | 0 | 0 |
| Cronos Group Inc | COM | 22717L101 |  | 2508720 | 999490 | SH |  | SOLE |  | 999490 | 0 | 0 |
| Algoma Steel Group Inc | COM | 015658107 |  | 53052419 | 12845622 | SH |  | SOLE |  | 12845622 | 0 | 0 |
| General Motors Co | COM | 37045V100 |  | 9984192 | 134016 | SH |  | SOLE |  | 134016 | 0 | 0 |
| Aptiv PLC | COM SHS | G3265R107 |  | 16185908 | 233092 | SH |  | SOLE |  | 233092 | 0 | 0 |
| BorgWarner Inc | COM | 099724106 |  | 3856530 | 71075 | SH |  | SOLE |  | 71075 | 0 | 0 |
| CarMax Inc | COM | 143130102 |  | 2048106 | 49257 | SH |  | SOLE |  | 49257 | 0 | 0 |
| ArcelorMittal SA | NY REGISTRY SH | 03938L203 |  | 5503123 | 105870 | SH |  | SOLE |  | 105870 | 0 | 0 |
| Steel Dynamics Inc | COM | 858119100 |  | 13303440 | 73908 | SH |  | SOLE |  | 73908 | 0 | 0 |
| CF Industries Holdings Inc | COM | 125269100 |  | 911736 | 7022 | SH |  | SOLE |  | 7022 | 0 | 0 |
| Mosaic Co/The | COM | 61945C103 |  | 4232312 | 165973 | SH |  | SOLE |  | 165973 | 0 | 0 |
| Greenfire Resources Ltd | COM SHS | 39525U107 |  | 1158849 | 182309 | SH |  | SOLE |  | 182309 | 0 | 0 |
| Western Copper  Gold Corp | COM | 95805V108 |  | 850657 | 335130 | SH |  | SOLE |  | 335130 | 0 | 0 |
| Profound Medical Corp | COM NEW | 74319B502 |  | 4828585 | 745152 | SH |  | SOLE |  | 745152 | 0 | 0 |
| USA Rare Earth Inc | COM | 91733P107 |  | 10398 | 687 | SH |  | SOLE |  | 687 | 0 | 0 |
| SHARPLINK INC | COM NEW | 820014405 |  | 5209020 | 807600 | SH |  | SOLE |  | 807600 | 0 | 0 |
| iShares Ethereum Trust ETF | SHS | 46438R105 |  | 395750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| Canadian Pacific Kansas City L | COM | 13646K108 |  | 1006848 | 12800 | SH |  | SOLE |  | 12800 | 0 | 0 |
| Sui Group Holdings Ltd | COM NEW | 59982U200 |  | 8047409 | 6650751 | SH |  | SOLE |  | 6650751 | 0 | 0 |
| ZOOZ Strategy Ltd | SHARE | M2573A106 |  | 2107000 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| CEA Industries WTS $15.15 Sep 19 2028 | *W EXP 02/11/202 | 86887P119 |  | 239 | 742575 | SH |  | SOLE |  | 742575 | 0 | 0 |
| Sol Strategies Inc | COM | 83411A205 |  | 244481 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| New Found Gold Corp | COM | 64440N103 |  | 232050 | 119523 | SH |  | SOLE |  | 119523 | 0 | 0 |
| Weyerhaeuser Co | COM NEW | 962166104 |  | 10050111 | 411384 | SH |  | SOLE |  | 411384 | 0 | 0 |
| Snap Inc | CL A | 83304A106 |  | 9010609 | 1958828 | SH |  | SOLE |  | 1958828 | 0 | 0 |
| STMicroelectronics NV | NY REGISTRY | 861012102 |  | 10707909 | 309925 | SH |  | SOLE |  | 309925 | 0 | 0 |
| First Solar Inc | COM | 336433107 |  | 1045083 | 5298 | SH |  | SOLE |  | 5298 | 0 | 0 |
| Versamet Royalties Corp | COM NEW | 92528V200 |  | 883670 | 93100 | SH |  | SOLE |  | 93100 | 0 | 0 |
| Vista Gold Corp | COM NEW | 927926303 |  | 2234400 | 1140000 | SH |  | SOLE |  | 1140000 | 0 | 0 |
| NexGen Energy SEG | COM | 65340P106 |  | 28186817 | 2429898 | SH |  | SOLE |  | 2429898 | 0 | 0 |
| Anfield Energy Inc | COM NEW | 03464C205 |  | 39579 | 6787 | SH |  | SOLE |  | 6787 | 0 | 0 |
| Uranium Energy Corp | COM | 916896103 |  | 436523 | 32335 | SH |  | SOLE |  | 32335 | 0 | 0 |
| Cleancore Solutions Inc | CLASS B COM SHS | 184492106 |  | 6009931 | 16867613 | SH |  | SOLE |  | 16867613 | 0 | 0 |
| Eightco Holdings Inc | COM | 22890A302 |  | 1915480 | 2054795 | SH |  | SOLE |  | 2054795 | 0 | 0 |
| Denison Mines Corp | COM | 248356107 |  | 10087084 | 2857531 | SH |  | SOLE |  | 2857531 | 0 | 0 |
| Aris Mining Corp | COM | 04040Y109 |  | 145153605 | 7815142 | SH |  | SOLE |  | 7815142 | 0 | 0 |
| Encore Energy Corp | COM NEW | 29259W700 |  | 7494850 | 4163436 | SH |  | SOLE |  | 4163436 | 0 | 0 |
| Lifezone Metals Ltd | *W EXP 07/05/202 | G5568L117 |  | 34905 | 69810 | SH |  | SOLE |  | 69810 | 0 | 0 |
| Cantor Equity Partners VI Inc | CL A ORD SHS | G1828R101 |  | 4040000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| Sequans Communications SA | SPONSORED ADS | 817323405 |  | 95710 | 37830 | SH |  | SOLE |  | 37830 | 0 | 0 |
| Upexi Inc | COM NEW | 39959A205 |  | 2293271 | 2326777 | SH |  | SOLE |  | 2326777 | 0 | 0 |
| Strive Inc | CL A COM | 862945300 |  | 1227250 | 122480 | SH |  | SOLE |  | 122480 | 0 | 0 |

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