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
ADT INC DEL COM 00090Q103   10,080,000 1,500,000 SH   SOLE   1,500,000 0 0
AIRSHIP AI HLDGS INC W EXP 12/21/202 008940116   134,852 298,015 SH   SOLE   298,015 0 0
ALGOMA STL GROUP INC COM 015658107   4,142,534 487,931 SH   SOLE   487,931 0 0
ALLURION TECHNOLOGIES INC W EXP 08/01/203 02008G110   3,860 15,311 SH   SOLE   15,311 0 0
ALVOTECH ORDINARY SHARES L01800108   33,058,815 2,705,304 SH   SOLE   2,705,304 0 0
AMBAC FINL GROUP INC COM NEW 023139884   12,492,027 799,234 SH   SOLE   799,234 0 0
AQUESTIVE THERAPEUTICS INC COM 03843E104   1,825,712 428,571 SH   SOLE   428,571 0 0
ARK 21SHARES BITCOIN ETF SHS BEN INT 040919102   307,157,432 4,327,380 SH   SOLE   4,327,380 0 0
ARROWROOT ACQUISITION CORP W EXP 03/02/202 04282M110   51,575 286,528 SH   SOLE   286,528 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100   4,141,280 208,000 SH   SOLE   208,000 0 0
BRAND ENGAGEMENT NETWORK INC W EXP 03/14/202 104932116   20,017 166,666 SH   SOLE   166,666 0 0
CARBON REVOLUTION LTD W EXP 99/99/999 G1893D110   12,594 141,666 SH   SOLE   141,666 0 0
CHURCHILL CAPITAL CORP VII W EXP 02/29/202 17144M110   6,400 20,000 SH   SOLE   20,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106   1,248,103 756,426 SH   SOLE   756,426 0 0
CRITICAL METALS CORP W EXP 02/27/202 G2662B111   1,813 12,500 SH   SOLE   12,500 0 0
ENVOY MEDICAL INC W EXP 09/29/202 29415V117   27,920 262,156 SH   SOLE   262,156 0 0
EVEREST CONSOLIDATOR ACQ COR W EXP 99/99/999 29978K110   3,306 17,500 SH   SOLE   17,500 0 0
GCT SEMICONDUCTOR HLDG INC W EXP 03/01/202 36170N115   0 75,000 SH   SOLE   75,000 0 0
GRAYSCALE BITCOIN TR BTC SHS REP COM UT 389637109   26,525,715 419,910 SH   SOLE   419,910 0 0
HEALTHCARE AI ACQUISITION CO W EXP 12/07/202 G4373K117   5,633 121,400 SH   SOLE   121,400 0 0
ISHARES BITCOIN TR SHS 46438F101   100,638,773 2,486,750 SH   SOLE   2,486,750 0 0
ISHARES TR CALL 464287904   103,316,200 25,150 SH Call SOLE   25,150 0 0
ISHARES TR PUT 464287954   103,316,200 25,150 SH Put SOLE   25,150 0 0
ISHARES TR CALL 464288903   77,730,000 10,000 SH Call SOLE   10,000 0 0
KERNEL GROUP HOLDINGS INC W EXP 99/99/999 G5259L129   10,848 270,517 SH   SOLE   270,517 0 0
LIBERTY MEDIA CORP DEL DEB 530715AG6   19,437,750 47,700,000 PRN   SOLE   0 0 0
MONTANA TECHNOLOGIES CORP W EXP 03/15/202 612160119   27,500 50,000 SH   SOLE   50,000 0 0
PINSTRIPES HOLDINGS INC W EXP 09/30/202 06690B115   5,569 22,500 SH   SOLE   22,500 0 0
PYROPHYTE ACQUISITION CORP W EXP 05/03/202 G7308P127   628 25,000 SH   SOLE   25,000 0 0
RCF ACQUISITION CORP W EXP 99/99/999 G7330C110   4,028 75,000 SH   SOLE   75,000 0 0
RIGEL RESOURCE ACQ CORP W EXP 99/99/999 G7573M114   5,890 25,000 SH   SOLE   25,000 0 0
RIOT PLATFORMS INC PUT 767292955   2,908,515 3,000 SH Put SOLE   3,000 0 0
SDCL EDGE ACQUISITION CORP W EXP 99/99/999 G79471127   32,060 211,900 SH   SOLE   211,900 0 0
SEMANTIX INC W EXP 08/03/202 G6332A114   765 66,500 SH   SOLE   66,500 0 0
SLAM CORP W EXP 99/99/999 G8210L121   6,750 37,500 SH   SOLE   37,500 0 0
SPRING VALLEY ACQUISTN CORP W EXP 02/25/202 G83752116   2,750 25,000 SH   SOLE   25,000 0 0
SPRING VALLEY ACQUISTN CORP RIGHT 02/25/2026 G83752132   6,000 50,000 SH   SOLE   50,000 0 0
TEVOGEN BIO HLDGS INC W EXP 02/14/202 88165K119   1,031 12,500 SH   SOLE   12,500 0 0
TRISALUS LIFE SCIENCES INC W EXP 08/10/202 89680M119   92,871 92,880 SH   SOLE   92,880 0 0
TRUMP MEDIA & TECHNOLOGY GRO W EXP 03/25/202 25400Q113   586,360 21,400 SH   SOLE   21,400 0 0
TRUMP MEDIA & TECHNOLOGY GRO PUT 25400Q955   1,050,253 214 SH Put SOLE   214 0 0
VAST RENEWABLES LIMITED W EXP 07/01/202 Q9379E113   5,250 75,000 SH   SOLE   75,000 0 0
YS BIOPHARMA CO LTD W EXP 03/15/202 G9845F117   16,634 232,323 SH   SOLE   232,323 0 0