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
ABEONA THERAPEUTICS INC COM NEW 00289Y206   4,048,641 808,112 SH   SOLE   808,112 0 0
AMERICAN COASTAL INS CORP COM 910710102   944,799 99,873 SH   SOLE   99,873 0 0
ANGIODYNAMICS INC COM 03475V101   419,338 53,487 SH   SOLE   53,487 0 0
APARTMENT INVT & MGMT CO CL A 03748R747   2,141,505 273,500 SH   SOLE   273,500 0 0
ARCA BIOPHARMA INC COM 00211Y506   2,397,243 1,410,143 SH   SOLE   1,410,143 0 0
ATMUS FILTRATION TECHNOLOGIE COM 04956D107   4,561,969 194,209 SH   SOLE   194,209 0 0
AVROBIO INC COM 05455M100   425,560 312,912 SH   SOLE   312,912 0 0
BRISTOW GROUP INC COM 11040G103   13,441,339 475,463 SH   SOLE   475,463 0 0
COMPOSECURE INC COM CL A 20459V105   2,360,151 437,065 SH   SOLE   437,065 0 0
DMC GLOBAL INC COM 23291C103   1,035,401 55,016 SH   SOLE   55,016 0 0
DOUGLAS DYNAMICS INC COM 25960R105   1,322,036 44,543 SH   SOLE   44,543 0 0
ECOVYST INC COM 27923Q109   4,690,665 480,109 SH   SOLE   480,109 0 0
EQUITY COMWLTH COM SH BEN INT 294628102   4,828,454 251,482 SH   SOLE   251,482 0 0
FIDELITY NATL INFORMATION SV COM 31620M106   3,003,500 50,000 SH   SOLE   50,000 0 0
FIRST AMERN FINL CORP COM 31847R102   2,173,626 33,731 SH   SOLE   33,731 0 0
FIRST BANCORP P R COM NEW 318672706   616,875 37,500 SH   SOLE   37,500 0 0
HEALTHSTREAM INC COM 42222N103   7,072,994 261,672 SH   SOLE   261,672 0 0
IRHYTHM TECHNOLOGIES INC COM 450056106   634,105 5,924 SH   SOLE   5,924 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   44,156,200 220,000 SH Put SOLE   220,000 0 0
J JILL INC COM 46620W201   359,502 13,945 SH   SOLE   13,945 0 0
MERRIMACK PHARMACEUTICALS IN COM NEW 590328209   29,133,399 2,172,513 SH   SOLE   2,172,513 0 0
NI HLDGS INC COM 65342T106   462,899 35,635 SH   SOLE   35,635 0 0
NORTHEAST BK LEWISTON ME COM 66405S100   1,617,067 29,300 SH   SOLE   29,300 0 0
OFG BANCORP COM 67103X102   1,366,558 36,461 SH   SOLE   36,461 0 0
ORTHOFIX MED INC COM 68752M108   2,295,900 170,319 SH   SOLE   170,319 0 0
PATHWARD FINANCIAL INC COM 59100U108   4,677,107 88,364 SH   SOLE   88,364 0 0
RLJ LODGING TR CUM CONV PFD A 74965L200   1,468,631 58,628 SH   SOLE   58,628 0 0
TECNOGLASS INC ORD SHS G87264100   2,594,408 56,758 SH   SOLE   56,758 0 0
TILLYS INC CL A 886885102   1,006,914 133,543 SH   SOLE   133,543 0 0
TRONOX HOLDINGS PLC SHS G9087Q102   1,045,773 73,854 SH   SOLE   73,854 0 0
TURNING PT BRANDS INC COM 90041L105   3,895,097 147,990 SH   SOLE   147,990 0 0