Financial Strategies Acquisition (FXCO)

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)	23.65 k	23.65 k	23.65 k	23.65 k	23.65 k	23.65 k
Cash burn (monthly)	(no burn)	15.69 k	167.85 k	(no burn)	115.38 k	118.73 k
Cash used (since last report)	n/a	420.28 k	4.50 mm	n/a	3.09 mm	3.18 mm
Cash remaining	n/a	-396.63 k	-4.47 mm	n/a	-3.07 mm	-3.16 mm
Runway (months of cash)	n/a	-25.3	-26.7	n/a	-26.6	-26.6

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Financial data from company earnings reports.

Institutional ownership, Q2 2023

FXCO institutional ownership history Ownership history

38.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	9	34	-73.5%
Opened positions	0	2	EXIT
Closed positions	25	4	+525.0%
Increased positions	5	3	+66.7%
Reduced positions	0	24	EXIT

13F shares	Current	Prev Q	Change
Total value	28.06 mm	8.74 bn	-99.7%
Total shares	4.15 mm	8.44 mm	-50.8%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
FSC Sponsor	1.44 mm	$0.00	0.0%
Mint Tower Capital Management B.V.	834.05 k	$1.23 mm	+114.4%
EHP Funds	656.53 k	$6.57 mm	0.0%
Context Capital Management	444.10 k	$14.00 k	+127.6%
Rivernorth Capital Management	300.00 k	$19.50 mm	+100.0%
Radcliffe Capital Management	200.00 k	$0.00	+100.0%
Clear Street	113.88 k	$121.00 k	+35.0%
Feis Lawrence Michael	107.78 k	$0.00	0.0%
Space Summit Capital	60.00 k	$628.00 k	0.0%

Largest transactions	Shares	Bought/sold	Change
Ramius Advisors	0.00	-880.32 k	EXIT
Mangrove Partners	0.00	-500.00 k	EXIT
Saba Capital Management	0.00	-450.10 k	EXIT
Mint Tower Capital Management B.V.	834.05 k	+444.95 k	+114.4%
Yakira Capital Management	0.00	-344.10 k	EXIT
CNH Partners	0.00	-341.68 k	EXIT
Boothbay Fund Management	0.00	-312.80 k	EXIT
Atw Spac Management	0.00	-312.80 k	EXIT
Polar Asset Management Partners	0.00	-300.00 k	EXIT
VR Advisory Services	0.00	-300.00 k	EXIT

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.