SEP Acquisition Corp - Ordinary Shares (SEPA)

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)	13.86 mm	13.86 mm	13.86 mm	13.86 mm	13.86 mm	13.86 mm
Cash burn (monthly)	(no burn)	(no burn)	403.44 k	316.52 k	147.99 k	131.15 k
Cash used (since last report)	n/a	n/a	4.33 mm	3.40 mm	1.59 mm	1.41 mm
Cash remaining	n/a	n/a	9.53 mm	10.46 mm	12.27 mm	12.45 mm
Runway (months of cash)	n/a	n/a	23.6	33.0	82.9	94.9

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

SEPA institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	23	4	+475.0%
Opened positions	19	3	+533.3%
Closed positions	0	1	EXIT
Increased positions	1	0	NEW
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	27.72 mm	138.80 mm	-80.0%
Total shares	7.50 mm	4.28 mm	+75.2%
Total puts	0.00	0.00
Total calls	23.28 k	0.00	NEW
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Mercury Sponsor Group I	3.47 mm	$0.00	0.0%
Farallon Capital Management	866.25 k	$6.41 mm	NEW
Polar Asset Management Partners	649.76 k	$4.81 mm	NEW
Meteora Capital	469.98 k	$3.48 mm	NEW
Clear Street	370.62 k	$3.00 k	NEW
BNP Paribas Arbitrage	288.12 k	$2.13 mm	0.0%
Cowen And	278.48 k	$2.06 mm	+0.0%
Calamos Advisors	250.00 k	$2.50 mm	0.0%
Rivernorth Capital Management	218.75 k	$1.62 mm	NEW
Shaolin Capital Management	150.64 k	$1.12 mm	NEW

Largest transactions	Shares	Bought/sold	Change
Farallon Capital Management	866.25 k	+866.25 k	NEW
Polar Asset Management Partners	649.76 k	+649.76 k	NEW
Meteora Capital	469.98 k	+469.98 k	NEW
Clear Street	370.62 k	+370.62 k	NEW
Rivernorth Capital Management	218.75 k	+218.75 k	NEW
Shaolin Capital Management	150.64 k	+150.64 k	NEW
Whitebox Advisors	125.00 k	+125.00 k	NEW
Ubs Oconnor	80.90 k	+80.90 k	NEW
Walleye Capital	73.75 k	+73.75 k	NEW
D. E. Shaw & Co.	46.32 k	+46.32 k	NEW

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

SEPA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
2 Oct 23	Marshall Blair Garrou	Class A common stock	Conversion	Acquire C	Yes	No	2,415,375	2,415,375
2 Oct 23	Marshall Blair Garrou	Class B common stock Class A common stock	Conversion	Dispose C	Yes	No	2,415,375	1,050,000
2 Oct 23	Robert Andrew White	Class A common stock	Conversion	Acquire C	Yes	No	2,415,375	2,415,375
2 Oct 23	Robert Andrew White	Class B common stock Class A common stock	Conversion	Dispose C	Yes	No	2,415,375	1,050,000
2 Oct 23	Mercury Sponsor Group I	Class A common stock	Conversion	Acquire C	Yes	No	2,415,375	2,415,375
2 Oct 23	Mercury Sponsor Group I	Class B common stock Class A common stock	Conversion	Dispose C	Yes	No	2,415,375	1,050,000

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