Dauntless Investment Group, LLC

Q3 2025 13F Holdings Report, Stock Holdings

Signature - Title: Matthew Okkerse - CFO
Location: Etna, NH
Holdings as of: 30 Sep 2025
Value $: $38,111,143
Num holdings: 42
Filing time: 14 Nov 2025, 12:31:35 UTC
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included TLSA, OKYO, AEM, LCTX, and JBS. Confidential Treatment Requested (one or more holding(s) omitted).
Previous filing: Q2 2025 - 14 Aug 2025
Next filing: Q4 2025 - 17 Feb 2026
SEC: View on sec.gov
Options Holdings: Showing stock holdings, see here for options holdings

Sym	Weight	Trade Impact	Company	Class	Share Change	Activity	Value Change $	Value $	* Price $	Shares	Principal

Filing 2025 Q3 compared to 2025 Q2 by default. Changes are calculated vs the previous SEC filing.

Compare Q3 2025 to

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Confidential Treatment Requested. (The Manager has omitted from this public Form 13F one or more holding(s) for which it is requesting confidential treatment from the U.S. Securities and Exchange Commission pursuant to section 13(f) of the Exchange Act and rule 24b-2 thereunder)

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Matthew Okkerse	CFO	Milford, Michigan	13 Nov 2025

The information included on the Information Table with respect to the holdings of Femasys Inc. ("FEMA") and Kazia Therapeutics Limited ("KZIA") reflect the exercise of Pre-funded Warrants held by Dauntless Investment Group, LLC ("DIG") after giving effect to provisions that prevent the exercise of such securities if the beneficial ownership of such entity would exceed 9.99% of the underlying security following such exercise. As of September 30, 2025, DIG held an aggregate of 4,395,996 Common Shares of FEMA and 176,822 American Depository Shares of KZIA.