LIQUIDIA CORPORATION

Ticker: LQDA CUSIP: 53635D202 Class: Common Stock

Velan Capital Investment Management LP's Holding History (CIK: 0001848809)

Note: Option positions (PUT/CALL) are excluded.

Q2 2025

Shares 239,260 Value ($000) $2,981 Avg Close $14.81 Range $11.26 - $19.41

Q1 2025

Shares 300,000 Value ($000) $4,425 Avg Close $14.59 Range $11.34 - $16.81

Q4 2024

Shares 300,000 Value ($000) $3,528 Avg Close $10.93 Range $9.71 - $11.91

Q3 2024

Shares 300,000 Value ($000) $3,000 Avg Close $10.92 Range $8.26 - $14.41

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2025	239,260	$2,981	$14.81	$11.26 - $19.41
Q1 2025	300,000	$4,425	$14.59	$11.34 - $16.81
Q4 2024	300,000	$3,528	$10.93	$9.71 - $11.91
Q3 2024	300,000	$3,000	$10.92	$8.26 - $14.41