Thunder Bridge Capital Partners III (TBCP)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	30.38 k	30.38 k	30.38 k	30.38 k	30.38 k	30.38 k
Cash burn (monthly)	(no burn)	3.05 k	(no burn)	68.88 k	48.95 k	160.57 k
Cash used (since last report)	n/a	48.87 k	n/a	1.10 mm	784.33 k	2.57 mm
Cash remaining	n/a	-18.50 k	n/a	-1.07 mm	-753.95 k	-2.54 mm
Runway (months of cash)	n/a	-6.1	n/a	-15.6	-15.4	-15.8

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Financial data from company earnings reports.

Institutional ownership, Q3 2023

TBCP institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	51	53	-3.8%
Opened positions	3	4	-25.0%
Closed positions	5	4	+25.0%
Increased positions	4	1	+300.0%
Reduced positions	4	5	-20.0%

13F shares	Current	Prev Q	Change
Total value	824.28 mm	958.53 mm	-14.0%
Total shares	17.18 mm	17.38 mm	-1.1%
Total puts	0.00	175.00 k	EXIT
Total calls	228.30 k	226.30 k	+0.9%
Total put/call ratio	–	0.8	–

Largest owners	Shares	Value	Change
TBCP Iii	11.35 mm	$119.09 mm	0.0%
Integrated Core Strategies	1.19 mm	$0.00	0.0%
Periscope Capital	813.00 k	$56.91 mm	0.0%
Rivernorth Capital Management	565.04 k	$39.55 mm	+4.5%
Aristeia Capital	442.26 k	$28.57 mm	0.0%
Exos TFP	371.90 k	$26.03 mm	0.0%
Shaolin Capital Management	169.55 k	$12.00 k	NEW
Farallon Capital Management	150.00 k	$10.50 mm	0.0%
Moore Capital Management	150.00 k	$10.50 mm	0.0%
Radcliffe Capital Management	148.70 k	$9.61 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
Kepos Capital	0.00	-170.00 k	EXIT
Shaolin Capital Management	169.55 k	+169.55 k	NEW
Jane Street	0.00	-114.65 k	EXIT
Prelude Capital Management	0.00	-44.46 k	EXIT
Owl Creek Asset Management	148.60 k	-44.00 k	-22.8%
Bloom Tree Partners	0.00	-40.71 k	EXIT
Sona Asset Management	94.56 k	+37.82 k	+66.7%
Rivernorth Capital Management	565.04 k	+24.54 k	+4.5%
Lombard Odier Asset Management	0.00	-20.00 k	EXIT
Flow Traders U.s.	14.50 k	-12.25 k	-45.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TBCP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
7 Aug 23	Gary A Simanson	Class A Common Stock	Conversion	Acquire C	Yes	No	0	10,349,999	0.00	11,353,000
7 Aug 23	Gary A Simanson	Class B Common Stock Class A Common Stock	Conversion	Dispose C	Yes	No	0	10,349,999	0.00	1

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.