Ardsley Advisory Partners LP (“Ardsley”) is a Delaware limited partnership that began providing investment advisory services in March 1987 as Ardsley Advisory Partners. Ardsley succeeded the investment advisory business of Ardsley Advisory Partners in November 2018. Ardsley currently offers investment advisory services to private investment funds (each one a “Fund” and collectively the “Funds”).
• Ardsley Partners Fund II, L.P., a Delaware limited partnership (“Flagship Fund”);
• Ardsley Sustainable Opportunities Fund, L.P.1 ., a Delaware limited partnership (“Sustainable Opportunities Fund”);
• Ardsley World Information Technology Fund, L.P., a Delaware limited partnership (“World Information Technology Fund”);
• Ardsley Partners Advanced Healthcare Fund, L.P., a Delaware limited partnership (“Advanced Healthcare Fund”); and
• Ardsley Ridgecrest Partners Fund, L.P (“Ridgecrest Fund”). Ardsley provides discretionary investment advisory and sub-advisory services to separately managed account clients (the “Managed Accounts” and together with the Funds, the “Advisory Clients”). It should be noted that Advanced Healthcare Fund, World Information Technology Fund and Ridgecrest Fund are solely held by investments by Ardsley employees, personnel and family members/close friends (collectively known as the “Employee Funds”). The Flagship Fund and Sustainable Opportunities Fund are held by investments from both affiliated parties and unaffiliated investors (the “External Funds” and together with the Employee Funds, collectively referred to herein as the “Ardsley Funds”). The Funds and the Managed Accounts are referred to together in this Brochure as the “Advisory Clients”. “Investors” are investors in or the beneficial owners of interests or shares in the Funds. An affiliate of Ardsley, Ardsley Partners I GP, LLC (“Ardsley Partners I” or the “General Partner”), a Delaware limited liability company, serves as the General Partner to the Funds. It should be noted that Ardsley Partners I, as General Partner, has the sole power and authority to manage the business and legal affairs of the Funds. Philip Hempleman is the principal owner of Ardsley. Ardsley provides investment advisory services to the Funds. As described in further detail in Item 8 below, these Advisory Clients seek to generate capital appreciation. The investment objective of the Flagship Fund is to seek above-average capital appreciation (rather than current income) by emphasizing active management of the Flagship Funds’ portfolios (including the use of leverage and short selling) and investment in growth stocks. The Flagship Fund invests primarily in equity securities of U.S. corporations traded on national securities exchanges and in the over-the-counter market. The Flagship Fund may also trade securities of U.S. special purpose acquisition companies (“SPACs”). In circumstances deemed appropriate by Ardsley, the Flagship Fund also makes investments in bonds or other fixed income securities issued by U.S. corporations, the U.S. Government or foreign

governments. 1 Ardsley Partners Renewable Energy Fund, L.P. changed its name to Ardsley Sustainable Opportunities Fund, L.P. on May 24, 2023. Ardsley pursues this objective for the Sustainable Opportunities Fund by investing principally in equity securities of public and private companies engaged in the development, production and distribution of Renewable Energy/ Clean Tech products and services, and of companies which derive a major portion of their revenue directly or indirectly from business lines which benefit from technological events and advances with respect to such products and services. The Sustainable Opportunities Fund also may invest (by selling short or otherwise) in equity securities of companies whose revenues or stock prices Ardsley believes may be adversely affected by the development, production and distribution of renewable energy products and services. The Sustainable Opportunities Fund may also trade securities of SPACs. As previously noted, the Advisory Clients' primary investment objective is to generate capital appreciation. The Sustainable Opportunities Fund pursues this objective by investing principally in companies in the renewable energy and clean tech sector. It should be noted that Advanced Healthcare Fund generally pursues the Flagship Fund’s objective by investing in domestic and international financial instruments, including equity, interest rate, and, subject to all applicable rules and regulations, commodity instruments, generally with a more aggressive approach than that employed for any other Advisory Client. It should be noted that the Advanced Healthcare Fund does not trade pari passu with Ardsley’s other accounts; the Advanced Healthcare Fund has different risk limitations and thus may be more concentrated in certain positions than would be appropriate for any other Ardsley client account. The World Information Technology Fund focuses on the TMT sectors with specific emphasis on global technologies. The Ridgecrest Fund has a broad investment spectrum with focus on the traditional energy sector. The Funds’ structures, investment objectives and strategies are set forth in a confidential private offering memorandum (each a “PPM”) provided to each Investor in the relevant Fund. With respect to the Funds, Ardsley generally does not tailor its advisory services to the individual needs of Investors. Although there are none in place as of the date of this Brochure, Ardsley may in the future, enter into side letter agreements or other similar agreements (collectively, “Side Letters”) with one or more Investors that provide such Investors with additional and/or different rights or terms than those set forth in the Funds’ PPMs. The Managed Accounts’ investment objectives and the types of investments that such portfolios will hold are individually negotiated and established between Ardsley and the respective Managed Account. As of December 31, 2022, Ardsley manages approximately $789,305,344 of “Regulatory Assets Under Management” (as defined by the SEC), all on a discretionary basis.