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
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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
ADVANCE AUTO PARTS INC COM 00751Y106   7,238,158 118,600 SH   SOLE   118,600 0 0
ALGOMA STL GROUP INC COM 015658107   11,835,972 1,180,057 SH   SOLE   1,180,057 0 0
ARDAGH METAL PACKAGING S A SHS L02235106   9,280,765 2,416,866 SH   SOLE   2,416,866 0 0
BALL CORP COM 058498106   238,535 4,147 SH   SOLE   4,147 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203   145,800 27,000 SH   SOLE   27,000 0 0
CIVEO CORP CDA COM NEW 17878Y207   5,004,630 219,021 SH   SOLE   219,021 0 0
EPSILON ENERGY LTD COM 294375209   19,143,812 3,768,467 SH   SOLE   3,768,467 0 0
FENNEC PHARMACEUTICALS INC COM 31447P100   15,466,916 1,378,513 SH   SOLE   1,378,513 0 0
FLEX LTD ORD Y2573F102   10,204,100 335,000 SH   SOLE   335,000 0 0
FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106   5,058,404 1,300,361 SH   SOLE   1,300,361 0 0
GANNETT CO INC COM 36472T109   57,500 25,000 SH   SOLE   25,000 0 0
GULF IS FABRICATION INC COM 402307102   3,770,140 870,702 SH   SOLE   870,702 0 0
KYNDRYL HLDGS INC COMMON STOCK 50155Q100   7,737,329 372,345 SH   SOLE   372,345 0 0
LEE ENTERPRISES INC COM 523768406   3,258,156 413,997 SH   SOLE   413,997 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128   10,379,450 1,414,094 SH   SOLE   1,414,094 0 0
MODULAR MED INC COM NEW 60785L207   1,847,577 1,015,152 SH   SOLE   1,015,152 0 0
ORION OFFICE REIT INC COM 68629Y103   4,774,919 834,776 SH   SOLE   834,776 0 0
SONIDA SENIOR LIVING INC COM 140475203   3,542,861 366,752 SH   SOLE   366,752 0 0
SPORTSMANS WHSE HLDGS INC COM 84920Y106   5,576,838 1,309,117 SH   SOLE   1,309,117 0 0
SWEETGREEN INC COM CL A 87043Q108   6,844,941 605,747 SH   SOLE   605,747 0 0
THE AARONS COMPANY INC COM 00258W108   9,014,080 828,500 SH   SOLE   828,500 0 0
WK KELLOGG CO COM SHS 92942W107   9,685,862 737,128 SH   SOLE   737,128 0 0
ZIMVIE INC COM 98888T107   10,953,028 617,072 SH   SOLE   617,072 0 0