FTAC Hera Acquisition (HERA)

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)	104.09 k	104.09 k	104.09 k	104.09 k	104.09 k	104.09 k
Cash burn (monthly)	51.51 k	103.50 k	96.69 k	133.19 k	1.12 mm	832.92 k
Cash used (since last report)	1.38 mm	2.77 mm	2.59 mm	3.57 mm	29.99 mm	22.32 mm
Cash remaining	-1.28 mm	-2.67 mm	-2.49 mm	-3.46 mm	-29.89 mm	-22.21 mm
Runway (months of cash)	-24.8	-25.8	-25.7	-26.0	-26.7	-26.7

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Financial data from company earnings reports.

Institutional ownership, Q1 2023

HERA institutional ownership history Ownership history

34.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2	100	-98.0%
Opened positions	0	4	EXIT
Closed positions	98	45	+117.8%
Increased positions	0	11	EXIT
Reduced positions	0	58	EXIT

13F shares	Current	Prev Q	Change
Total value	222.04 mm	768.47 bn	-100.0%
Total shares	29.60 mm	107.45 mm	-72.5%
Total puts	0.00	0.00
Total calls	0.00	5.38 k	EXIT
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
FTAC Hera Sponsor	22.73 mm	$222.04 mm	0.0%
Integrated Core Strategies	6.87 mm	$0.00	0.0%

Largest transactions	Bought/sold	Change
Glazer Capital	-7.41 mm	EXIT
Aristeia Capital	-6.00 mm	EXIT
Millennium Management	-5.76 mm	EXIT
Saba Capital Management	-4.50 mm	EXIT
Vivaldi Asset Management	-4.47 mm	EXIT
HBCYF HSBC	-3.60 mm	EXIT
Weiss Asset Management	-3.35 mm	EXIT
Polar Asset Management Partners	-2.84 mm	EXIT
Magnetar Financial	-2.79 mm	EXIT
Atalaya Capital Management	-2.42 mm	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.