Pine Island Acquisition (PIPP)

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)	128.78 k	128.78 k	128.78 k	128.78 k	128.78 k	128.78 k
Cash burn (monthly)	(no burn)	(no burn)	67.07 k	120.96 k	691.49 k	478.67 k
Cash used (since last report)	n/a	n/a	2.00 mm	3.60 mm	20.60 mm	14.26 mm
Cash remaining	n/a	n/a	-1.87 mm	-3.47 mm	-20.47 mm	-14.13 mm
Runway (months of cash)	n/a	n/a	-27.9	-28.7	-29.6	-29.5

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Financial data from company earnings reports.

Institutional ownership, Q3 2022

PIPP institutional ownership history Ownership history

97.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	62	5	+1140.0%
Opened positions	60	1	+5900.0%
Closed positions	3	0	NEW
Increased positions	0	0
Reduced positions	0	1	EXIT

13F shares	Current	Prev Q	Change
Total value	1.89 bn	1.01 bn	+88.3%
Total shares	21.20 mm	6.54 mm	+224.3%
Total puts	100.00	0.00	NEW
Total calls	43.60 k	0.00	NEW
Total put/call ratio	0.0	–	–

Largest owners	Shares	Value	Change
Pine Island Sponsor	5.38 mm	$0.00	0.0%
D. E. Shaw & Co.	1.07 mm	$10.67 mm	NEW
Integrated Core Strategies	881.81 k	$8.70 mm	0.0%
Millennium Management	864.74 k	$8.63 mm	NEW
Marshall Wace	857.44 k	$8.56 mm	NEW
BNP Paribas Arbitrage	808.89 k	$8.07 mm	NEW
WRB W. R. Berkley	700.57 k	$6.99 mm	NEW
Taconic Capital Advisors	625.00 k	$6.24 mm	NEW
Vivaldi Asset Management	601.94 k	$6.01 mm	NEW
Highbridge Capital Management	590.30 k	$5.89 mm	NEW

Largest transactions	Shares	Bought/sold	Change
D. E. Shaw & Co.	1.07 mm	+1.07 mm	NEW
Millennium Management	864.74 k	+864.74 k	NEW
Marshall Wace	857.44 k	+857.44 k	NEW
BNP Paribas Arbitrage	808.89 k	+808.89 k	NEW
WRB W. R. Berkley	700.57 k	+700.57 k	NEW
Taconic Capital Advisors	625.00 k	+625.00 k	NEW
Vivaldi Asset Management	601.94 k	+601.94 k	NEW
Highbridge Capital Management	590.30 k	+590.30 k	NEW
Periscope Capital	546.17 k	+546.17 k	NEW
Radcliffe Capital Management	539.68 k	+539.68 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.