A. Description Cruiser Capital Advisors, LLC was organized in the state of Delaware on May 27, 2010. We were initially established to provide investment management services primarily to pooled investment vehicles. Subsequently, Cruiser also provides investment management services to separately managed accounts. On occasion Cruiser will form Special Purpose Vehicles, or “SPVs” to make investments in single theme or securities in a particular company. Cruiser has on occasion also provided research services to other firms on specific topics. Our principal owner, Mr. Keith Rosenbloom, owns 99.5% of our membership interests and has made a substantial investment in the Funds (as defined below). B. Types of Advisory Services Cruiser Capital provides discretionary investment advisory services to seven pooled investment vehicles, particularly a Delaware limited partnership, Cruiser Capital Master Fund, L.P. (the “Master Fund”), Cruiser Capital, LLC, a domestic fund which is a Delaware limited liability company, Cruiser Capital, LTD., a Cayman Islands exempted company (collectively, the “Feeder Funds”,) and Metamorphosis IV LLC, Metamorphosis VI LLC, Metamorphosis VII LLC and Annie-Metamorphosis VIII LLC, (collectively the “Metamorphosis Funds”.) The Feeder Funds and the Metamorphosis Funds collectively referred to as the “Funds”. The Feeder Funds invest substantially all of their assets in the Master Fund. The management of the Funds is conducted in accordance with their confidential private offering memorandum and/or confidential memorandum and memorandum and articles of associated or limited liability company agreement, as applicable (“Offering Documents”). In addition, Cruiser Capital advises separately managed accounts (each an “SMA”) pursuant to the terms of the investment management agreements entered into by and between Cruiser Capital and the SMA(s); Cruiser may provide research or consulting services to other investors, investment advisors or funds. Generally speaking, each SMA, SPV and the Funds have customized and therefore different investment mandates,

fee structures, risk tolerances and custodial arrangements. C. Tailored Advisory Services The Advisor does not tailor advisory services to the individual or particular needs of the investors in the Feeder Funds or Funds. Information about the Feeder Funds, including their investment objectives and strategies, are set forth in their respective Offering Documents. We have broad investment authority with respect to our clients. Since we do not provide individualized advice to the Feeder Funds’ investors, such investors are encouraged to consider whether the investment objectives of the Funds are in line with their individual objectives and risk tolerance prior to investment. SMA client’s may request that the Advisor tailors its advisory services to the client’s individual needs, and clients may impose reasonable restrictions on the Advisor’s services, which may include restrictions on investing in certain securities or types of securities. D. Wrap Fee Programs We do not participate in any wrap fee program. E. Assets Under Discretionary and Non-Discretionary Management As of December 31, 2022 Cruiser Capital had a total of $ $162,930,115 in regulatory assets under management, managed on a discretionary basis.