HH&L Acquisition (HHLA)

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)	123.33 k	123.33 k	123.33 k	123.33 k	123.33 k	123.33 k
Cash burn (monthly)	1.22 k	14.15 k	1.53 mm	663.94 k	113.72 k	66.44 k
Cash used (since last report)	18.10 k	209.79 k	22.69 mm	9.84 mm	1.69 mm	985.06 k
Cash remaining	105.24 k	-86.46 k	-22.57 mm	-9.72 mm	-1.56 mm	-861.72 k
Runway (months of cash)	86.2	-6.1	-14.7	-14.6	-13.7	-13.0

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Financial data from company earnings reports.

Institutional ownership, Q2 2023

HHLA institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	60	69	-13.0%
Opened positions	3	25	-88.0%
Closed positions	12	8	+50.0%
Increased positions	7	17	-58.8%
Reduced positions	16	2	+700.0%

13F shares	Current	Prev Q	Change
Total value	55.60 bn	91.24 bn	-39.1%
Total shares	18.40 mm	23.58 mm	-22.0%
Total puts	0.00	0.00
Total calls	1.13 mm	635.26 k	+77.6%
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
D. E. Shaw & Co	1.30 mm	$0.00	0.0%
Periscope Capital	1.14 mm	$4.61 bn	+13.9%
Meteora Capital	1.00 mm	$3.15 bn	-36.2%
Aristeia Capital	953.90 k	$19.27 mm	0.0%
Ionic Capital Management	952.74 k	$19.06 mm	0.0%
Radcliffe Capital Management	867.43 k	$5.25 bn	-15.5%
MY.Alpha Management HK Advisors	864.20 k	$17.00 mm	0.0%
Westchester Capital Management	831.69 k	$8.71 bn	-14.9%
Athos Capital	806.35 k	$8.45 mm	-66.7%
Glazer Capital	750.00 k	$7.85 mm	-25.0%

Largest transactions	Shares	Bought/sold	Change
Athos Capital	806.35 k	-1.61 mm	-66.7%
Hudson Bay Capital Management	0.00	-798.25 k	EXIT
Boothbay Fund Management	429.85 k	-593.43 k	-58.0%
Meteora Capital	1.00 mm	-567.49 k	-36.2%
Castle Creek Arbitrage	456.79 k	-417.89 k	-47.8%
Fir Tree Capital Management	494.47 k	+409.78 k	+483.8%
Mizuho Markets Americas	0.00	-316.00 k	EXIT
Spartan Fund Management	282.23 k	+282.23 k	NEW
Balyasny Asset Management	70.33 k	-254.67 k	-78.4%
Glazer Capital	750.00 k	-250.00 k	-25.0%

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

HHLA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Jan 24	Highbridge Capital Management	Class A Ordinary Shares, par value $0.0001 per share	Sell	Dispose S	Yes	No	10.75	250,000	2.69 mm	250,000

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