Veradace Capital Management LLC Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAP	ADVANCE AUTO PARTS INC	35,000	$1,846	1.6%	$49.09	0.0%	COM	00751Y106
DSGR	DISTRIBUTION SOLUTIONS GRP I	10,000	$262	0.2%	$29.70	0.0%	COM	520776105
CYRX	CRYOPORT INC	28,333	$235	0.2%	$9.56	0.0%	COM PAR $0.001	229050307
DNOW	DNOW INC	10,000	$119	0.1%	$14.59	0.0%	COM	67011P100
QTI	QT IMAGING HLDGS INC	18,851	$111	0.1%	$5.87	—	COM	746962307
HCAT	HEALTH CATALYST INC	50,000	$64	0.1%	$2.14	0.0%	COM	42225T107

Increased Positions (12)

SSTI SOUNDTHINKING INC 12.3%

Value ($000) $13,835 (+192.8%) Shares 2,089,905 (+255.2%) Est. Cost $7.92 Unrealized -4.0%

DV DOUBLEVERIFY HLDGS INC 7.0%

Value ($000) $7,831 (+6745.5%) Shares 824,340 (+8143.4%) Est. Cost $10.25 Unrealized -0.1%

DOMO DOMO INC 5.4%

Value ($000) $6,058 (-53.9%) Shares 1,979,666 (+27.0%) Est. Cost $10.49 Unrealized -45.0%

TIPT TIPTREE INC 27.7%

Value ($000) $31,197 (+20.0%) Shares 1,843,792 (+29.6%) Est. Cost $18.05 Unrealized -3.1%

RPAY REPAY HLDGS CORP 16.6%

Value ($000) $18,700 (-11.7%) Shares 7,192,304 (+24.0%) Est. Cost $3.89 Unrealized -12.4%

FOXF FOX FACTORY HLDG CORP 1.0%

Value ($000) $1,153 (+301.6%) Shares 70,049 (+317.5%) Est. Cost $18.96 Unrealized -0.2%

IDT IDT CORP 2.6%

Value ($000) $2,955 (+40.1%) Shares 60,179 (+46.1%) Est. Cost $49.92 Unrealized -0.9%

LPRO OPEN LENDING CORP 1.7%

Value ($000) $1,948 (-17.9%) Shares 1,558,213 (+1.8%) Est. Cost $1.77 Unrealized -2.7%

— SOUNDTHINKING INC 0.0%

Value ($000) $50 (-87.5%) Shares 331,000 (+562.0%) Est. Cost — Unrealized —

— DOMO INC 0.0%

Value ($000) $44 (-88.1%) Shares 135,558 (+206.0%) Est. Cost — Unrealized —

FTHM FATHOM HOLDINGS INC 0.2%

Value ($000) $253 (-44.8%) Shares 478,145 (+5.2%) Est. Cost $1.34 Unrealized -16.0%

CNTY CENTURY CASINOS INC 2.0%

Value ($000) $2,220 (+6.9%) Shares 1,596,784 (+2.3%) Est. Cost $1.78 Unrealized -12.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSTI	SOUNDTHINKING INC	2,089,905 (+255.2%)	$13,835 (+192.8%)	12.3%	$7.92	-4.0%	COM	82536T107
DV	DOUBLEVERIFY HLDGS INC	824,340 (+8143.4%)	$7,831 (+6745.5%)	7.0%	$10.25	-0.1%	COM	25862V105
DOMO	DOMO INC	1,979,666 (+27.0%)	$6,058 (-53.9%)	5.4%	$10.49	-45.0%	COM CL B	257554105
TIPT	TIPTREE INC	1,843,792 (+29.6%)	$31,197 (+20.0%)	27.7%	$18.05	-3.1%	COM	88822Q103
RPAY	REPAY HLDGS CORP	7,192,304 (+24.0%)	$18,700 (-11.7%)	16.6%	$3.89	-12.4%	COM CL A	76029L100
FOXF	FOX FACTORY HLDG CORP	70,049 (+317.5%)	$1,153 (+301.6%)	1.0%	$18.96	-0.2%	COM	35138V102
IDT	IDT CORP	60,179 (+46.1%)	$2,955 (+40.1%)	2.6%	$49.92	-0.9%	CL B NEW	448947507
LPRO	OPEN LENDING CORP	1,558,213 (+1.8%)	$1,948 (-17.9%)	1.7%	$1.77	-2.7%	COM	68373J104
—	SOUNDTHINKING INC	331,000 (+562.0%)	$50 (-87.5%)	0.0%	—	—	CALL	82536T907
—	DOMO INC	135,558 (+206.0%)	$44 (-88.1%)	0.0%	—	—	CALL	257554905
FTHM	FATHOM HOLDINGS INC	478,145 (+5.2%)	$253 (-44.8%)	0.2%	$1.34	-16.0%	COM	31189V109
CNTY	CENTURY CASINOS INC	1,596,784 (+2.3%)	$2,220 (+6.9%)	2.0%	$1.78	-12.4%	COM	156492100

Exited Positions (6)

EB EVENTBRITE INC 32.0%

Value ($000) $35,975 Shares 8,084,304 Est. Cost $3.10 Unrealized +43.2%

— ADVANCE AUTO PARTS INC 7.0%

Value ($000) $7,860 Shares 200,000 Est. Cost — Unrealized —

— TIPTREE INC 6.8%

Value ($000) $7,661 Shares 419,300 Est. Cost — Unrealized —

ACVA ACV AUCTIONS INC 5.7%

Value ($000) $6,420 Shares 800,517 Est. Cost $8.09 Unrealized -5.2%

— JAMF HLDG CORP 0.5%

Value ($000) $595 Shares 45,745 Est. Cost $13.01 Unrealized —

— ASPEN INSURANCE HOLDINGS LTD 0.4%

Value ($000) $498 Shares 13,424 Est. Cost $36.88 Unrealized +1.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EB	EVENTBRITE INC	8,084,304	$35,975	32.0%	$3.10	+43.2%	—	29975E109
—	ADVANCE AUTO PARTS INC	200,000	$7,860	7.0%	—	—	CALL	00751Y906
—	TIPTREE INC	419,300	$7,661	6.8%	—	—	CALL	88822Q903
ACVA	ACV AUCTIONS INC	800,517	$6,420	5.7%	$8.09	-5.2%	—	00091G104
—	JAMF HLDG CORP	45,745	$595	0.5%	$13.01	—	—	47074L105
—	ASPEN INSURANCE HOLDINGS LTD	13,424	$498	0.4%	$36.88	+1.2%	—	G05384501

Decreased Positions (4)

BABA ALIBABA GROUP HLDG LTD 3.3%

Value ($000) $3,764 (-49.7%) Shares 30,000 (-41.2%) Est. Cost $146.58 Unrealized —

— REPAY HLDGS CORP 0.1%

Value ($000) $110 (-95.3%) Shares 287,040 (-55.1%) Est. Cost — Unrealized —

EWCZ EUROPEAN WAX CTR INC 7.2%

Value ($000) $8,097 (+24.1%) Shares 1,400,949 (-22.7%) Est. Cost $3.74 Unrealized +20.6%

PRCH PORCH GROUP INC 0.7%

Value ($000) $792 (-63.9%) Shares 110,421 (-54.0%) Est. Cost $12.04 Unrealized -31.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HLDG LTD	30,000 (-41.2%)	$3,764 (-49.7%)	3.3%	$146.58	—	SPONSORED ADS	01609W102
—	REPAY HLDGS CORP	287,040 (-55.1%)	$110 (-95.3%)	0.1%	—	—	CALL	76029L900
EWCZ	EUROPEAN WAX CTR INC	1,400,949 (-22.7%)	$8,097 (+24.1%)	7.2%	$3.74	+20.6%	CLASS A COM	29882P106
PRCH	PORCH GROUP INC	110,421 (-54.0%)	$792 (-63.9%)	0.7%	$12.04	-31.7%	COM	733245104

Unchanged Positions (5)

TPB TURNING PT BRANDS INC 4.8%

Value ($000) $5,438 Shares 62,661 Est. Cost $97.78 Unrealized +25.5%

QRHC QUEST RESOURCE HLDG CORP 1.3%

Value ($000) $1,495 Shares 1,256,082 Est. Cost $1.70 Unrealized +18.4%

SNFCA SECURITY NATL FINL CORP 3.0%

Value ($000) $3,347 Shares 353,055 Est. Cost $8.47 Unrealized +5.0%

SEAT VIVID SEATS INC 0.4%

Value ($000) $416 Shares 70,341 Est. Cost $9.83 Unrealized -30.4%

DTI DRILLING TOOLS INTL CORP 0.1%

Value ($000) $110 Shares 25,292 Est. Cost $2.41 Unrealized +48.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TPB	TURNING PT BRANDS INC	62,661	$5,438	4.8%	$97.78	+25.5%	COM	90041L105
QRHC	QUEST RESOURCE HLDG CORP	1,256,082	$1,495	1.3%	$1.70	+18.4%	COM NEW	74836W203
SNFCA	SECURITY NATL FINL CORP	353,055	$3,347	3.0%	$8.47	+5.0%	CL A NEW	814785309
SEAT	VIVID SEATS INC	70,341	$416	0.4%	$9.83	-30.4%	COM CL A	92854T209
DTI	DRILLING TOOLS INTL CORP	25,292	$110	0.1%	$2.41	+48.7%	COM	26205E107