Bosun Asset Management, LLC (“Bosun Asset Management,” the “Firm,” “we,” “us,” or “our”) is a Delaware limited liability company that was formed 2023 and is principally directly or indirectly owned by Michael Rapelyea by and through Hempstead Holdings, LLC, a Delaware limited liability company. The Firm’s principal place of business is located in Chicago, Illinois. Bosun Asset Management provides discretionary investment advice to separately managed accounts (“SMAs”) and one or more pooled investment vehicles structured as private funds (“Fund(s)”). Bosun Asset Management also provides personalized investment programs to help high-net-worth-individuals, trusts and estates, foundations, and charitable organizations (each, an “Advisory Client,” collectively with SMAs and Funds, “Clients”) reach their life and financial goals. All discussions of Clients in this brochure, including but not limited to their investments, the strategies used in managing Clients, the fees and other costs associated with an investing with us, and conflicts of interest we face in connection with management of certain Clients, are qualified in their entirety by reference to each Client’s respective offering memorandum, subscription agreement, advisory agreement (or equivalent), or other governing documents, as applicable (collectively, “Governing Documents”). Any defined terms used in this Brochure not otherwise defined herein, have the definition ascribed to them in the relevant Governing Documents. Bosun Asset Management is an asset management firm that seeks to specialize in developing and implementing innovative, bespoke trading strategies primarily focused on equities in an effort to generate income and enhance investment returns for our Clients. We believe that experience is key, and that active management can reduce the risk of capping upside performance of portfolio holdings. We seek to manage options positions dynamically, balancing risk and opportunity, in our endeavor to unlock untapped value for our Clients. With respect to each Fund that we manage, we tailor our investment advisory services to the strategies and conditions set forth in the Fund’s respective Governing Document(s) rather than to the individual needs of any Fund’s underlying investors (“Investors”). It should be noted that as a general matter, in the context of any Fund, we do not tailor our services to take into account any specific conditions of any Investor, and Investors generally may not prescribe additional

investment restrictions beyond those described in the applicable Governing Documents. With respect to SMAs, we provide and tailor our investment advisory services pursuant to a duly executed investment advisory agreement or equivalent after discussing their specific needs or desires, investment goals, parameters, restrictions, experience with investing, our understanding of their financial background, and various other factors. With respect to Advisory Clients, we provide investment advisory services on either a discretionary or non-discretionary basis as described in the respective Advisory Client’s Governing Documents. Discretionary Advisory Services. Bosun Asset Management will act as your investment adviser and provide you with discretionary investment management and continuous and regular supervision of the assets and accounts indicated as discretionary accounts in your Governing Documents. With respect to discretionary accounts, the Firm will direct and manage the investment and reinvestment of all assets in the discretionary accounts, the proceeds thereof and any additions thereto on a discretionary basis in a broad range of assets including listed equities, fixed income instruments, mutual funds, exchange-traded funds (“ETFs”) and closed-end funds. Where appropriate, Bosun Asset Management will allocate assets of the discretionary accounts to third-party advisers and investment vehicles managed by affiliates of the Firm. Bosun Asset Management maintains discretionary authority to conduct transactions and take investment action deemed appropriate in accordance with the investment objectives and restrictions included in the Governing Documents. Non-Discretionary Advisory Services. Bosun Asset Management will act as your investment adviser and provide you with non-discretionary investment management and continuous and regular supervision of the assets and accounts indicated as non-discretionary accounts in your Governing Documents. With respect to non- discretionary accounts, the Firm will provide recommended investments and weightings, including general investment recommendations regarding the Advisory Client’s overall asset class allocations. Bosun Asset Management does not have authority to execute transactions with respect to assets in the non-discretionary accounts. As of April 30, 2024, we managed approximately $247,608,902 regulatory assets under management, $189,031,704 on a discretionary basis and $58,577,198 a non-discretionary basis.