Colombier Acquisition Corp. II (CLBR)

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)	442.67 k	442.67 k	442.67 k	442.67 k	442.67 k	442.67 k
Cash burn (monthly)	154.12 k	28.37 k	636.36 k	363.36 k	154.12 k	187.95 k
Cash used (since last report)	1.14 mm	208.95 k	4.69 mm	2.68 mm	1.14 mm	1.38 mm
Cash remaining	-692.63 k	233.72 k	-4.24 mm	-2.23 mm	-692.63 k	-941.80 k
Runway (months of cash)	-4.5	8.2	-6.7	-6.1	-4.5	-5.0

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Financial data from company earnings reports.

Institutional ownership, Q4 2024

CLBR institutional ownership history Ownership history

49.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	53	33	+60.6%
Opened positions	29	30	-3.3%
Closed positions	9	0	NEW
Increased positions	4	0	NEW
Reduced positions	10	1	+900.0%

13F shares	Current	Prev Q	Change
Total value	151.39 bn	62.13 bn	+143.7%
Total shares	20.91 mm	14.66 mm	+42.6%
Total puts	0.00	0.00
Total calls	43.33 k	0.00	NEW
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Colombier Sponsor II	4.25 mm	$43.05 mm	0.0%
Sculptor Capital	1.93 mm	$18.33 bn	NEW
CNH Partners	1.78 mm	$16.59 bn	NEW
Decagon Asset Management	1.48 mm	$17.44 bn	NEW
Harraden Circle Investments	1.00 mm	$11.75 bn	NEW
Linden Advisors	866.67 k	$7.96 bn	+33.3%
Spring Creek Capital	813.77 k	$8.35 mm	0.0%
Polar Asset Management Partners	778.83 k	$6.28 bn	NEW
JPM JPMorgan Chase & Co.	675.90 k	$7.94 bn	-3.6%
Healthcare Of Ontario Pension Plan Trust Fund	635.10 k	$5.85 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
Sculptor Capital	1.93 mm	+1.93 mm	NEW
CNH Partners	1.78 mm	+1.78 mm	NEW
Decagon Asset Management	1.48 mm	+1.48 mm	NEW
Harraden Circle Investments	1.00 mm	+1.00 mm	NEW
GS The Goldman Sachs Group, Inc.	55.97 k	-919.26 k	-94.3%
Cowen And	0.00	-888.26 k	EXIT
Polar Asset Management Partners	778.83 k	+778.83 k	NEW
Kepos Capital	0.00	-600.00 k	EXIT
Cannell Capital	572.55 k	+572.55 k	NEW
Rivernorth Capital Management	520.41 k	+520.41 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

CLBR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
14 Jul 25	Andrew Nasser	Class A Ordinary Shares	Other	Acquire J	No	No	290,000	290,000
14 Jul 25	Ryan Kavanaugh	Class A Ordinary Shares	Other	Acquire J	No	No	17,250	17,250
14 Jul 25	Jordan Cohen	Class A Ordinary Shares	Other	Acquire J	No	No	290,000	290,000
14 Jul 25	Joseph Voboril	Class A Ordinary Shares	Other	Acquire J	No	No	200,000	200,000
14 Jul 25	Seifert Michael Stephen	Class A Ordinary Share	Other	Acquire J	No	No	17,250	17,250

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