Heartland Media Acquisition (HMA)

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)	68.48 k	68.48 k	68.48 k	68.48 k	68.48 k	68.48 k
Cash burn (monthly)	55.23 k	60.47 k	189.33 k	(no burn)	122.21 k	30.55 k
Cash used (since last report)	1.15 mm	1.26 mm	3.93 mm	n/a	2.54 mm	634.23 k
Cash remaining	-1.08 mm	-1.19 mm	-3.86 mm	n/a	-2.47 mm	-565.76 k
Runway (months of cash)	-19.5	-19.6	-20.4	n/a	-20.2	-18.5

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Financial data from company earnings reports.

Institutional ownership, Q3 2023

HMA institutional ownership history Ownership history

14.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2	79	-97.5%
Opened positions	0	77	EXIT
Closed positions	77	0	NEW
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	10.46 mm	186.28 bn	-100.0%
Total shares	2.70 mm	32.51 mm	-91.7%
Total puts	0.00	965.05 k	EXIT
Total calls	0.00	248.49 k	EXIT
Total put/call ratio	–	3.9	–

Largest owners	Shares	Value	Change
Apollo Management Holdings GP	1.70 mm	$0.00	0.0%
Linden Capital	1.00 mm	$10.46 mm	0.0%
Heartland Sponsor	0.00	$0.00	EXIT

Largest transactions	Bought/sold	Change
Heartland Sponsor	-4.81 mm	EXIT
Periscope Capital	-2.02 mm	EXIT
Linden Advisors	-1.73 mm	EXIT
CNH Partners	-1.55 mm	EXIT
Calamos Advisors	-1.50 mm	EXIT
Apollo Management	-1.12 mm	EXIT
Hudson Bay Capital Management	-1.01 mm	EXIT
D. E. Shaw & Co.	-900.00 k	EXIT
Vivaldi Asset Management	-806.91 k	EXIT
Aristeia Capital	-783.92 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

HMA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Aug 23	Prather Robert S JR	Class B common stock, $0.0001 par value per share Class A common stock, $0.0001 par value per share	Other	Dispose J	Yes	No	0	4,811,732	0.00	0
2 Aug 23	Heartland Sponsor	Class B common stock, $0.0001 par value per share Class A common stock, $0.0001 par value per share	Other	Dispose J	No	No	0	4,811,732	0.00	0

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