26 Capital Acquisition (ADER)

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)	201.54 k	201.54 k	201.54 k	201.54 k	201.54 k	201.54 k
Cash burn (monthly)	213.04 k	(no burn)	845.50 k	981.83 k	1.49 mm	765.94 k
Cash used (since last report)	3.79 mm	n/a	15.04 mm	17.47 mm	26.50 mm	13.63 mm
Cash remaining	-3.59 mm	n/a	-14.84 mm	-17.27 mm	-26.30 mm	-13.42 mm
Runway (months of cash)	-16.8	n/a	-17.6	-17.6	-17.7	-17.5

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Financial data from company earnings reports.

Institutional ownership, Q2 2023

ADER institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	1	53	-98.1%
Opened positions	0	49	EXIT
Closed positions	52	0	NEW
Increased positions	0	2	EXIT
Reduced positions	0	1	EXIT

13F shares	Current	Prev Q	Change
Total value	0.00	28.84 bn	EXIT
Total shares	6.88 mm	14.39 mm	-52.2%
Total puts	0.00	0.00
Total calls	0.00	358.00 k	EXIT
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
26 Capital	6.88 mm	$0.00	0.0%

Largest transactions	Bought/sold	Change
Owl Creek Asset Management	-1.28 mm	EXIT
Balyasny Asset Management	-1.21 mm	EXIT
Moore Capital Management	-600.00 k	EXIT
Walleye Capital	-376.27 k	EXIT
Sculptor Capital	-330.00 k	EXIT
Centiva Capital	-325.41 k	EXIT
Meteora Capital	-304.36 k	EXIT
Cowen And	-300.00 k	EXIT
MMCAP International Inc. SPC	-296.28 k	EXIT
Shaolin Capital Management	-246.88 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.

Recent insider trades

ADER insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 Sep 23	Moore Capital Management	Class A Common Stock	Other	Dispose J	Yes	No	10.95	400,000	4.38 mm	0
25 Sep 23	Fifth Lane Capital	Class A Common Stock, par value $0.0001 per share	Buy	Acquire P	Yes	No	11.1	12,615	140.03 k	396,416
18 Aug 23	Owl Creek Asset Management	Class A Common Stock, par value $0.0001 per share	Sell	Dispose S	Yes	No	11.15	152,060	1.70 mm	302,300
16 Aug 23	Owl Creek Asset Management	Class A Common Stock, par value $0.0001 per share	Sell	Dispose S	Yes	No	11.2198	9,544	107.08 k	454,360
15 Aug 23	Owl Creek Asset Management	Class A Common Stock, par value $0.0001 per share	Sell	Dispose S	Yes	No	11.2165	36,096	404.87 k	463,904

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