TH International

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)	41.46 k	41.46 k	41.46 k	41.46 k	41.46 k	41.46 k
Cash burn (monthly)	31.34 k	58.45 k	320.21 k	514.41 k	6.08 mm	2.06 mm
Cash used (since last report)	933.64 k	1.74 mm	9.54 mm	15.33 mm	181.15 mm	61.39 mm
Cash remaining	-892.18 k	-1.70 mm	-9.50 mm	-15.28 mm	-181.10 mm	-61.35 mm
Runway (months of cash)	-28.5	-29.1	-29.7	-29.7	-29.8	-29.8

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

TH International institutional ownership history Ownership history

1.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2	102	-98.0%
Opened positions	0	12	EXIT
Closed positions	100	8	+1150.0%
Increased positions	0	21	EXIT
Reduced positions	1	17	-94.1%

13F shares	Current	Prev Q	Change
Total value	24.12 mm	5.49 bn	-99.6%
Total shares	2.46 mm	37.96 mm	-93.5%
Total puts	0.00	0.00
Total calls	0.00	1.72 mm	EXIT
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Pacific Alliance	2.45 mm	$24.05 mm	0.0%
Karpus Management	11.50 k	$69.00 k	-92.3%
Context Capital Management	0.00	$0.00	EXIT

Largest transactions	Bought/sold	Change
Citadel Advisors	-3.04 mm	EXIT
Marshall Wace	-1.72 mm	EXIT
Aristeia Capital	-1.60 mm	EXIT
Periscope Capital	-1.33 mm	EXIT
Sculptor Capital	-1.33 mm	EXIT
Millennium Management	-1.22 mm	EXIT
LMR Partners	-1.18 mm	EXIT
Rpo	-1.13 mm	EXIT
Saba Capital Management	-1.09 mm	EXIT
Omni Event Management	-953.87 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.