The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACRES COMMERCIAL REALTY CORP COM NEW 00489Q102   226,855 11,742 SH   SOLE   11,742 0 0
ALIGHT INC COM CL A 01626W101   55,852 95,851 SH   SOLE   95,851 0 0
ALTENERGY ACQUISITION CORP *W EXP 10/29/202 02157M116   3,632 20,000 SH   SOLE   20,000 0 0
AMBAC FINL GROUP INC COM NEW 023139884   132,241 28,439 SH   SOLE   28,439 0 0
AMERICAN VANGUARD CORP COM 030371108   1,423,735 571,781 SH   SOLE   571,781 0 0
AMERICOLD REALTY TRUST INC COM 03064D108   537,726 46,922 SH   SOLE   46,922 0 0
API GROUP CORP COM STK 00187Y100   9,754,218 240,726 SH   SOLE   240,726 0 0
ASHLAND INC COM 044186104   3,713,858 66,784 SH   SOLE   66,784 0 0
ASHLAND INC - CALL CALL 044186904   4,875,000 750 SH   SOLE   750 0 0
BAIRD MED INVT HLDGS LTD *W EXP 10/01/202 G0705H111   2,439 25,000 SH   SOLE   25,000 0 0
BENEFICIENT *W EXP 06/07/202 08178Q119   683 48,750 SH   SOLE   48,750 0 0
BLUEROCK PVT REAL ESTATE FD COM 09631P102   463,419 27,900 SH   SOLE   27,900 0 0
CECO ENVIRONMENTAL CORP COM 125141101   263,999 4,431 SH   SOLE   4,431 0 0
CELANESE CORP DEL COM 150870103   221,316 4,807 SH   SOLE   4,807 0 0
CHART INDS INC COM 16115Q308   454,850 2,200 SH   SOLE   2,200 0 0
COMSTOCK INC COM SHS 205750409   292,117 95,776 SH   SOLE   95,776 0 0
CRH PLC ORD G25508105   6,600,590 62,791 SH   SOLE   62,791 0 0
DUOS TECHNOLOGIES GROUP INC COM 266042407   650,685 94,852 SH   SOLE   94,852 0 0
ENVIRI CORP COM 415864107   632,882 32,257 SH   SOLE   32,257 0 0
FEDERAL AGRIC MTG CORP CL C 313148306   1,629,031 10,981 SH   SOLE   10,981 0 0
FTAI AVIATION LTD SHS G3730V105   33,714,205 122,676 SH   SOLE   122,676 0 0
FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106   3,232,850 654,423 SH   SOLE   654,423 0 0
GFL ENVIRONMENTAL INC SUB VTG SHS 36168Q104   4,949,840 118,767 SH   SOLE   118,767 0 0
GPGI INC COM CL A 20459V105   237,280 13,876 SH   SOLE   13,876 0 0
GREAT ELM CAP CORP COM NEW 390320703   638,625 127,470 SH   SOLE   127,470 0 0
GREEN DOT CORP CL A 39304D102   824,670 73,500 SH   SOLE   73,500 0 0
IDENTIV INC COM NEW 45170X205   117,579 31,778 SH   SOLE   31,778 0 0
ISHARES TR PUT 464287955   92,500,000 4,000 SH   SOLE   4,000 0 0
KINGSTONE COS INC COM 496719105   4,862,169 333,711 SH   SOLE   333,711 0 0
KINGSTONE COS INC CALL CALL 496719905   875,000 500 SH   SOLE   500 0 0
KYNDRYL HLDGS INC COMMON STOCK 50155Q100   1,128,714 86,030 SH   SOLE   86,030 0 0
MODINE MFG CO COM 607828100   1,083,550 5,000 SH   SOLE   5,000 0 0
MULTISENSOR AI HOLDINGS INC *W EXP 12/19/202 456948116   1,466 37,500 SH   SOLE   37,500 0 0
NEBIUS GROUP N.V. SHS CLASS A N97284108   4,913,762 47,357 SH   SOLE   47,357 0 0
NEURONETICS INC COM 64131A105   70,905 48,900 SH   SOLE   48,900 0 0
NEXTNAV INC COMMON STOCK 65345N106   1,423,441 88,854 SH   SOLE   88,854 0 0
OCTAVE SPECIALTY GROUP INC COM NEW 023139884   373,669 80,359 SH   SOLE   80,359 0 0
ORION GROUP HLDGS INC COM 68628V308   2,660,734 244,104 SH   SOLE   244,104 0 0
PYROPHYTE ACQUISITION CORP *W EXP 05/03/202 G7308P127   11,813 37,500 SH   SOLE   37,500 0 0
QXO INC COM NEW 82846H405   549,900 10,000 SH   SOLE   10,000 0 0
RESERVOIR MEDIA INC *W EXP 08/26/202 76119X113   6,101 30,503 SH   SOLE   30,503 0 0
SCILEX HOLDING CO *W EXP 11/10/202 80880W114   5,505 49,999 SH   SOLE   49,999 0 0
SEASTAR MEDICAL HOLDING CORP *W EXP 10/28/202 81256L112   935 32,473 SH   SOLE   32,473 0 0
SEQLL INC *W EXP 08/31/202 81734C114   222 70,000 SH   SOLE   70,000 0 0
SKILLSOFT CORP CL A 83066P309   192,166 44,794 SH   SOLE   44,794 0 0
SPDR GOLD TR GOLD SHS 78463V107   4,401,006 10,228 SH   SOLE   10,228 0 0
SPROTT FDS TR URANIUM MINERS E 85208P303   631,500 10,000 SH   SOLE   10,000 0 0
SPROTT FDS TRUST URANIUM MINERS E 85210A104   1,354,303 67,100 SH   SOLE   67,100 0 0
STATE STR SPDR S&P 500 ETF T PUT 78462F953   61,000,000 1,000 SH   SOLE   1,000 0 0
SUNOPTA INC COM 8676EP908   2,172,718 335,296 SH   SOLE   335,296 0 0
THE BEACHBODY COMPANY INC COM CL A NEW 073463309   215,354 19,830 SH   SOLE   19,830 0 0
TIC SOLUTIONS INC COM 00510N102   1,136,419 172,708 SH   SOLE   172,708 0 0
USA TODAY CO INC COM 36472T109   78,079 11,075 SH   SOLE   11,075 0 0