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      <registrantType>IM</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
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          <ccc>XXXXXXXX</ccc>
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        <confirmingCopyFlag>false</confirmingCopyFlag>
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      <reportCalendarYear>2025</reportCalendarYear>
      <reportingPerson>
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        <phoneNumber>414-224-9185</phoneNumber>
        <address>
          <com:street1>309 N. Water Street</com:street1>
          <com:street2>Suite 210</com:street2>
          <com:city>Milwaukee</com:city>
          <com:stateOrCountry>WI</com:stateOrCountry>
          <com:zipCode>53202</com:zipCode>
        </address>
      </reportingPerson>
      <agentForService/>
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        <confidentialTreatment>N</confidentialTreatment>
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      <reportingCrdNumber>148566</reportingCrdNumber>
      <reportingSecFileNumber>801-70447</reportingSecFileNumber>
      <explanatoryInformation>
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      <reportingPerson>1492 Capital Management LLC</reportingPerson>
      <txSignature>Kathleen Daley</txSignature>
      <txPrintedSignature>Kathleen Daley</txPrintedSignature>
      <txTitle>Chief Compliance Officer</txTitle>
      <txAsOfDate>08/13/2025</txAsOfDate>
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