Flow State Investments Portfolio holdings

USA Rare Earth Inc Warrant

Lions Gate Entertainment Corp. Class B Non-Voting Shares

SK Growth Opportunities Corporation Warrant

SK Growth Opportunities Corporation Class A Common Stock

bleuacacia ltd Rights

SilverBox Corp III

SilverBox Corp III Redeemable warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50

Rigel Resource Acquisition Corp Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share

Compass Digital Acquisition Corp. Class A Ordinary Shares

Compass Digital Acquisition Corp. Warrant

ExcelFin Acquisition Corp Warrant

Concord Acquisition Corp II Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50

Learn CW Investment Corporation Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share

MariaDB plc Warrants, each whole warrant exercisable for one Ordinary Share at an exercise price of $11.50 per share

MariaDB plc

Slam Corp. warrant

Slam Corp. Class A Ordinary Share

Terran Orbital Corporation Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50

Churchill Capital Corp VII Class A Common Stock

Churchill Capital Corp VII Warrants

Armada Acquisition Corp. I Warrant

Armada Acquisition Corp. I Common Stock

Zalatoris II Acquisition Corp Warrant

Kernel Group Holdings, Inc. Warrants

Tristar Acquisition I Corp. Redeemable Warrants, each exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share