two - Ordinary Shares (TWOA)

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)	57.57 k	57.57 k	57.57 k	57.57 k	57.57 k	57.57 k
Cash burn (monthly)	(no burn)	23.22 k	266.38 k	(no burn)	169.09 k	168.34 k
Cash used (since last report)	n/a	273.11 k	3.13 mm	n/a	1.99 mm	1.98 mm
Cash remaining	n/a	-215.54 k	-3.08 mm	n/a	-1.93 mm	-1.92 mm
Runway (months of cash)	n/a	-9.3	-11.5	n/a	-11.4	-11.4

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Financial data from company earnings reports.

Institutional ownership, Q2 2023

TWOA institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	21	44	-52.3%
Opened positions	6	8	-25.0%
Closed positions	29	23	+26.1%
Increased positions	1	6	-83.3%
Reduced positions	9	9	–

13F shares	Current	Prev Q	Change
Total value	47.40 bn	126.10 bn	-62.4%
Total shares	5.68 mm	17.49 mm	-67.5%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Integrated Core Strategies	1.08 mm	$10.55 mm	0.0%
Polar Asset Management Partners	500.00 k	$5.15 bn	0.0%
Atlas Merchant Capital	500.00 k	$5.15 bn	0.0%
Centiva Capital	497.49 k	$5.12 bn	-1.5%
Radcliffe Capital Management	490.00 k	$5.05 bn	-2.0%
Fir Tree Capital Management	422.55 k	$4.35 bn	-55.5%
Periscope Capital	400.00 k	$4.12 bn	-6.0%
Sandia Investment Management	375.00 k	$3.86 bn	-25.0%
Moore Capital Management	249.90 k	$2.57 bn	-0.0%
Mangrove Partners	247.94 k	$2.55 bn	NEW

Largest transactions	Shares	Bought/sold	Change
Glazer Capital	0.00	-2.00 mm	EXIT
Vivaldi Asset Management	0.00	-1.96 mm	EXIT
Cadian Capital Management	0.00	-1.00 mm	EXIT
Woodline Partners	0.00	-813.11 k	EXIT
Clal Insurance Enterprises	0.00	-750.00 k	EXIT
HGC Investment Management	0.00	-585.47 k	EXIT
HBCYF HSBC	0.00	-561.31 k	EXIT
Silver Rock Financial	0.00	-556.77 k	EXIT
Fir Tree Capital Management	422.55 k	-526.91 k	-55.5%
Jane Street	0.00	-386.04 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

TWOA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Mar 24	Polar Asset Management Partners	Class A ordinary shares, par value $0.0001 per share	Other	Dispose J	Yes	No	10.78	444,000	4.79 mm	0
27 Mar 24	Thomas D Hennessy	Class A Ordinary Shares	Other	Dispose J	Yes	No	0	2,130,693	0.00	0
27 Mar 24	Thomas D Hennessy	Class A Ordinary Shares	Option exercise	Acquire M	Yes	No	0	2,130,693	0.00	2,130,693
27 Mar 24	Thomas D Hennessy	Class B Ordinary Shares Class A Ordinary Shares	Option exercise	Dispose M	Yes	No	0	2,130,693	0.00	0
27 Mar 24	Thomas D Hennessy	Class B Ordinary Shares Class A Ordinary Shares	Other	Dispose J	Yes	No	0	1,071,918	0.00	2,130,693
27 Mar 24	Hennessy Daniel J	Class A Ordinary Shares	Other	Dispose J	Yes	No	0	2,130,693	0.00	0
27 Mar 24	Hennessy Daniel J	Class A Ordinary Shares	Option exercise	Acquire M	Yes	No	0	2,130,693	0.00	2,130,693
27 Mar 24	Hennessy Daniel J	Class B Ordinary Shares Class A Ordinary Shares	Option exercise	Dispose M	Yes	No	0	2,130,693	0.00	0
27 Mar 24	Hennessy Daniel J	Class B Ordinary Shares Class A Ordinary Shares	Other	Dispose J	Yes	No	0	1,071,918	0.00	2,130,693
27 Mar 24	HC PropTech Partners III	Class A Ordinary Shares	Other	Dispose J	No	No	0	2,130,693	0.00	0

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