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    <nameOfIssuer>CALUMET SPECIALTY PRODS PTNR</nameOfIssuer>
    <titleOfClass>UT LTD PARTNER</titleOfClass>
    <cusip>131476103</cusip>
    <value>5648</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2214998</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>CONSTELLIUM SE</nameOfIssuer>
    <titleOfClass>CL A SHS</titleOfClass>
    <cusip>F21107101</cusip>
    <value>7488</value>
    <shrsOrPrnAmt>
      <sshPrnamt>953884</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>953884</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ENZO BIOCHEM INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>294100102</cusip>
    <value>6225</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2950204</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2950204</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>FRONTLINE LTD</nameOfIssuer>
    <titleOfClass>SHS NEW</titleOfClass>
    <cusip>G3682E192</cusip>
    <value>14938</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2298146</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2298146</Sole>
      <Shared>0</Shared>
      <None>0</None>
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  <infoTable>
    <nameOfIssuer>GENCO SHIPPING &amp; TRADING LTD</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>Y2685T131</cusip>
    <value>14057</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2037309</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2037309</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>IAC INTERACTIVECORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>44891N109</cusip>
    <value>6150</value>
    <shrsOrPrnAmt>
      <sshPrnamt>51342</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>51342</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>KKR &amp; CO INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>48251W104</cusip>
    <value>7331</value>
    <shrsOrPrnAmt>
      <sshPrnamt>213487</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>213487</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>MAGNACHIP SEMICONDUCTOR CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>55933J203</cusip>
    <value>19633</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1433034</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1433034</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>SCORPIO BULKERS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>Y7546A130</cusip>
    <value>2263</value>
    <shrsOrPrnAmt>
      <sshPrnamt>159803</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>159803</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>STAR BULK CARRIERS CORP.</nameOfIssuer>
    <titleOfClass>SHS PAR</titleOfClass>
    <cusip>Y8162K204</cusip>
    <value>3515</value>
    <shrsOrPrnAmt>
      <sshPrnamt>510223</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>510223</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>SCORPIO TANKERS INC</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>Y7542C130</cusip>
    <value>3163</value>
    <shrsOrPrnAmt>
      <sshPrnamt>285727</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>285727</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>TSAKOS ENERGY NAVIGATION LTD</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G9108L173</cusip>
    <value>266</value>
    <shrsOrPrnAmt>
      <sshPrnamt>33525</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>33525</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>VIA OPTRONICS AG</nameOfIssuer>
    <titleOfClass>SPONSORED ADS</titleOfClass>
    <cusip>91823Y109</cusip>
    <value>2031</value>
    <shrsOrPrnAmt>
      <sshPrnamt>228000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>228000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>XPERI HOLDING CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>98390M103</cusip>
    <value>3897</value>
    <shrsOrPrnAmt>
      <sshPrnamt>339167</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>339167</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BARCLAYS BANK PLC</nameOfIssuer>
    <titleOfClass>IPTH SR B S&amp;P</titleOfClass>
    <cusip>06746P621</cusip>
    <value>4980</value>
    <shrsOrPrnAmt>
      <sshPrnamt>200000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>200000</None>
    </votingAuthority>
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    <nameOfIssuer>SPDR INDEX SHS FDS</nameOfIssuer>
    <titleOfClass>EURO STOXX 50</titleOfClass>
    <cusip>78463X202</cusip>
    <value>3635</value>
    <shrsOrPrnAmt>
      <sshPrnamt>100000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>100000</None>
    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>IAC INTERACTIVECORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>44891N109</cusip>
    <value>2995</value>
    <shrsOrPrnAmt>
      <sshPrnamt>25000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>25000</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>STAR BULK CARRIERS CORP.</nameOfIssuer>
    <titleOfClass>SHS PAR</titleOfClass>
    <cusip>Y8162K204</cusip>
    <value>1034</value>
    <shrsOrPrnAmt>
      <sshPrnamt>150000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>150000</None>
    </votingAuthority>
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    <nameOfIssuer>SCORPIO TANKERS INC</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>Y7542C130</cusip>
    <value>1107</value>
    <shrsOrPrnAmt>
      <sshPrnamt>100000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>100000</None>
    </votingAuthority>
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