9AT: SEA OTTER ADVISORS LLC

SEA OTTER ADVISORS LLC

other names

SEA OTTER ADVISORS LLC

Adviser Profile

Registration status

Terminated

As of Date	04/02/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Mid-sized advisory firm
Number of Employees	6
of those in investment advisory functions	4 -20%

AUM^*	124,700,757 81%
of that, discretionary	124,700,757 81%
Private Fund GAV^*	0 -100%
Avg Account Size	124,700,757 81%
SMA’s	No
Private Funds	0 1
Contact Info	646 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- Performance-based fees

Reported AUM

269M 231M 192M 154M 115M 77M 38M

2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Top Holdings

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker654110303	Stock NameNIKOLA CORP (PUT)	$ Position$919,206	% Position52.00%	$ Change-44.00%	# Change0.00%
Stck Ticker654110303	Stock NameNIKOLA CORP (CALL)	$ Position$469,450	% Position26.00%	$ Change-44.00%	# Change0.00%
Stck Ticker09174P105	Stock NameBITCOIN DEPOT INC	$ Position$353,670	% Position20.00%	$ Change-15.00%	# Change-3.00%
Stck Ticker654110303	Stock NameNIKOLA CORP	$ Position$24,425	% Position1.00%	$ Change-44.00%	# Change0.00%
Stck TickerG2476C123	Stock NameCOMPASS DIGITAL ACQUISITN CO	$ Position$15,726	% Position1.00%	$ Change2.00%	# Change0.00%

Brochure Summary

Overview

Firm Ownership Sea Otter is an investment adviser with its principal place of business in New York, New York and began providing advisory services to its client in 2022. Peter D. Smith and Galvatron Corporation each own 25% or more of Sea Otter’s LLC interests. Peter Smith and Nicholas Fahey are Directors of Galvatron Corporation and have control over its voting securities. Advisory Services Sea Otter serves as the investment adviser for, and provides discretionary investment advisory services to, Sea Otter Trading LLC (the “Fund”). The Fund is a Delaware limited liability company and will rely on an exemption from registration under the Investment Company Act of 1940, as amended. As further described in Item 8, Sea Otter currently will utilize the following types of investment strategies for the Fund: a Closed-End Fund (“CEF”) strategy, a merger arbitrage strategy, an event-driven strategy, a Special Purpose Acquisition Companies (“SPACs”) strategy. Sea Otter does not tailor its advisory services to the individual needs of investors in the Fund. The

Firm’s investment advice and authority for the Fund will be tailored to the investment objectives of the Fund in accordance with its limited liability company agreement (the “LLC Agreement”). Fund investors generally cannot impose restrictions on investing in certain securities or types of securities. Investors in the Fund participate in the overall investment program for the Fund pursuant to the terms of the LLC Agreement. The Firm also may offer investment advisory services in one or more strategies further described in Item 8 through separately managed accounts to potential institutional clients (“SMA Clients”). Should the Firm be retained to manage a SMA Client account, it would manage such account in accordance with any investment management agreement with such client, which may include investment objectives or guidelines specifically discussed and reviewed with such client. Assets Under Management The Firm manages approximately $124,700,757in assets under management (based on a valuation of the assets managed by the Fund). These assets are managed on a discretionary basis.