# EDGAR Filing Document

**Accession Number:** 0001823138
**File Stem:** 0001823138-25-000002
**Filing Date:** 2025-8
**Character Count:** 18520
**Document Hash:** 965fe2f57d28f5f0ed00fd1a00c89b05
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001823138-25-000002.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001823138-25-000002

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Two Seas Capital LP
- **CENTRAL INDEX KEY:** 0001823138

**ORGANIZATION NAME:**
- **EIN:** 843799363
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22002
- **FILM NUMBER:** 251277267

**BUSINESS ADDRESS:**
- **STREET 1:** 32 ELM PLACE, 3RD FLOOR
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 917.536.6028

**MAIL ADDRESS:**
- **STREET 1:** 32 ELM PLACE, 3RD FLOOR
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Kairos Capital Management LP
- **DATE OF NAME CHANGE:** 20200831

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001823138

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Two Seas Capital LP

**Address:** 32 ELM PLACE, 3RD FLOOR, RYE, NY 10580

**Telephone number:** 6464204504

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-22002

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300IG1R1JWZAD4654

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                  | CUSIP   | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                                                    | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| SONOS, INC.                     |  | 03/11/2025     | Advisory approval of the named executive officer compensation (the say-on-pay vote).                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         443927 |                0 | FOR         |                                   443927 | FOR                         |  |
| SONOS, INC.                     |  | 03/11/2025     | Advisory approval of the frequency of future advisory votes on the Company's executive compensation (the say-on-frequency vote).                                                                                                                                    | OTHER                        |         443927 |                0 | 1           |                                   443927 | FOR                         |  |
| VISTRA CORP.                    |  | 04/30/2025     | To approve, on a non-binding advisory basis, the 2024 compensation of the Company's named executive officers.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         211435 |                0 | FOR         |                                   211435 | FOR                         |  |
| TERAWULF INC.                   |  | 05/05/2025     | The approval, on a non-binding, advisory basis, of the compensation of our named executive officers ("Say-on-Pay").                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         264371 |                0 | FOR         |                                   264371 | FOR                         |  |
| TALEN ENERGY CORPORATION        |  | 05/07/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         436321 |                0 | FOR         |                                   436321 | FOR                         |  |
| TALEN ENERGY CORPORATION        |  | 05/07/2025     | To approve, on an advisory basis, the frequency of advisory vote on executive compensation.                                                                                                                                                                         | OTHER                        |         436321 |                0 | 1           |                                   436321 | FOR                         |  |
| ARBUTUS BIOPHARMA CORP          |  | 05/21/2025     | To approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the Proxy Statement/Circular.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        9272555 |                0 | FOR         |                                  9272555 | FOR                         |  |
| SOTERA HEALTH COMPANY           |  | 05/21/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        3246136 |                0 | FOR         |                                  3246136 | FOR                         |  |
| AELIS FARMA                     |  | 05/27/2025     | APPROVE REMUNERATION POLICY OF CEO                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         229277 |                0 | FOR         |                                   229277 | FOR                         |  |
| AELIS FARMA                     |  | 05/27/2025     | APPROVE COMPENSATION OF CEO                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         229277 |                0 | FOR         |                                   229277 | FOR                         |  |
| ADAPTIMMUNE THERAPEUTICS PLC    |  | 05/29/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers for the year ended December 31, 2024.                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |       22569885 |                0 | FOR         |                                 22569885 | FOR                         |  |
| ADAPTIMMUNE THERAPEUTICS PLC    |  | 05/29/2025     | To approve, on a non-binding, advisory basis, the preferred frequency of future shareholder advisory votes on the compensation of the Company's named executive officers. (Advisory Resolution)                                                                     | OTHER                        |       22569885 |                0 | 1           |                                 22569885 | FOR                         |  |
| CORE SCIENTIFIC INC.            |  | 05/23/2025     | To approve, on a non-binding, advisory basis, the compensation of our named executive officers, as disclosed in this proxy statement.                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        5115804 |                0 | FOR         |                                  5115804 | FOR                         |  |
| CORE SCIENTIFIC INC.            |  | 05/23/2025     | To indicate, on a non-binding, advisory basis, the preferred frequency of stockholder advisory votes on the compensation of our named executive officers.                                                                                                           | OTHER                        |        5115804 |                0 | 1           |                                  5115804 | FOR                         |  |
| ESPERION THERAPEUTICS INC.      |  | 05/29/2025     | To approve the non-binding advisory resolution on the compensation of our named executive officers.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        6806374 |                0 | FOR         |                                  6806374 | FOR                         |  |
| FTAI AVIATION LTD.              |  | 05/29/2025     | Approval, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          24516 |                0 | FOR         |                                    24516 | FOR                         |  |
| FTAI AVIATION LTD.              |  | 05/29/2025     | Approval, on a non-binding advisory basis, the frequency of future advisory votes to approve the compensation of our named executive officers.                                                                                                                      | OTHER                        |          24516 |                0 | 1           |                                    24516 | FOR                         |  |
| GANNETT CO. INC.                |  | 06/02/2025     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        4378220 |                0 | FOR         |                                  4378220 | FOR                         |  |
| ODYSSEY MARINE EXPLORATION INC. |  | 06/09/2025     | To obtain non-binding advisory approval of the compensation of our named executive officers.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        2548749 |                0 | FOR         |                                  2548749 | FOR                         |  |
| CALUMET INC.                    |  | 06/10/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        2733315 |                0 | FOR         |                                  2733315 | FOR                         |  |
| CALUMET INC.                    |  | 06/10/2025     | To vote, on a non-binding, advisory basis, on the frequency of future stockholder advisory votes to approve the compensation of the Company's named executive officers.                                                                                             | OTHER                        |        2733315 |                0 | 1           |                                  2733315 | FOR                         |  |
| HUT 8 CORP.                     |  | 06/18/2025     | ADVISORY VOTE TO RATIFY NAMED EXECUTIVE OFFICERS' COMPENSATION                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         131808 |                0 | FOR         |                                   131808 | FOR                         |  |
| HUT 8 CORP.                     |  | 06/18/2025     | ADVISORY VOTE ON SAY ON PAY FREQUENCY: PLEASE VOTE "FOR" ON THIS RESOLUTION TO APPROVE 1 YEAR                                                                                                                                                                       | OTHER                        |         131808 |                0 | 1           |                                   131808 | FOR                         |  |
| ENDO INC.                       |  | 06/13/2025     | The Combination-Related Compensation Proposal - To consider and vote on, on a non-binding, advisory basis, a proposal to approve compensation that will or may become payable by Endo to its named executive officers in connection with the Transactions.          | SECTION 14A SAY-ON-PAY VOTES |         175656 |                0 | FOR         |                                   175656 | FOR                         |  |
| ARDELYX INC                     |  | 06/18/2025     | To approve, on a non-binding, advisory basis, the compensation of our named executive officers as disclosed in the proxy statement accompanying this notice pursuant to the compensation disclosure rules of the Securities and Exchange Commission ("Say-on-Pay"). | SECTION 14A SAY-ON-PAY VOTES |        2120337 |                0 | FOR         |                                  2120337 | FOR                         |  |
| HUT 8 CORP.                     |  | 06/18/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          39399 |                0 | FOR         |                                    39399 | FOR                         |  |
| HUT 8 CORP.                     |  | 06/18/2025     | To vote, on an advisory basis, on the frequency of future advisory votes on the compensation of our named executive officers.                                                                                                                                       | OTHER                        |          39399 |                0 | 1           |                                    39399 | FOR                         |  |
| ENDO INC.                       |  | 06/25/2025     | To approve, on an advisory basis, the compensation of our named executive officers (say-on-pay).                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         175700 |                0 | FOR         |                                   175700 | FOR                         |  |
| ENDO INC.                       |  | 06/25/2025     | To approve, on an advisory basis, the frequency of soliciting an advisory say-on-pay vote (say-on-frequency).                                                                                                                                                       | OTHER                        |         175700 |                0 | 1           |                                   175700 | FOR                         |  |
| IMMUNOVANT INC                  |  | 08/12/2024     | To approve, on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          87455 |                0 | FOR         |                                    87455 | FOR                         |  |
| ROIVANT SCIENCES LTD            |  | 09/10/2024     | To cast a non-binding, advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        5710472 |                0 | FOR         |                                  5710472 | FOR                         |  |
| ROIVANT SCIENCES LTD            |  | 09/10/2024     | To cast a non-binding, advisory vote on the frequency of future non-binding, advisory votes to approve the compensation of our named executive officers every.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        5710472 |                0 | 1           |                                  5710472 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Two Seas Capital LP

**By (Signature):** Lawrence V. Palermo

**By (Printed Signature):** Lawrence V. Palermo

**By (Title):** Chief Financial Officer

**Date:** 08/29/2025