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
ALGOMA STL GROUP INC COM 015658107   10,728,228 1,327,751 SH   SOLE   1,327,751 0 0
ARDAGH METAL PACKAGING S A SHS L02235106   12,674,589 3,106,517 SH   SOLE   3,106,517 0 0
AUDACY INC CL A 05070N103   604,716 4,489,355 SH   SOLE   4,489,355 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   8,393,000 218,000 SH   SOLE   218,000 0 0
CIVEO CORP CDA COM NEW 17878Y207   2,552,340 123,600 SH   SOLE   123,600 0 0
COGNYTE SOFTWARE LTD ORD SHS M25133105   9,315,167 2,747,837 SH   SOLE   2,747,837 0 0
EPSILON ENERGY LTD COM 294375209   19,269,214 3,608,467 SH   SOLE   3,608,467 0 0
FENNEC PHARMACEUTICALS INC COM 31447P100   10,687,398 1,284,543 SH   SOLE   1,284,543 0 0
FLEX LTD ORD Y2573F102   5,062,200 220,000 SH   SOLE   220,000 0 0
FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106   6,660,000 2,220,000 SH   SOLE   2,220,000 0 0
GAP INC COM 364760108   8,320,650 828,750 SH   SOLE   828,750 0 0
GARRETT MOTION INC PFD CONV SER A 366505204   4,418,330 497,000 SH   SOLE   497,000 0 0
GULF IS FABRICATION INC COM 402307102   3,262,353 881,717 SH   SOLE   881,717 0 0
KYNDRYL HLDGS INC COMMON STOCK 50155Q100   10,478,877 709,951 SH   SOLE   709,951 0 0
LEE ENTERPRISES INC COM 523768406   3,322,656 266,880 SH   SOLE   266,880 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128   11,903,560 1,441,109 SH   SOLE   1,441,109 0 0
MODULAR MED INC COM NEW 60785L207   655,620 452,152 SH   SOLE   452,152 0 0
NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR 63900P608   954,477 18,285 SH   SOLE   18,285 0 0
NCR CORP NEW COM 62886E108   6,459,131 273,808 SH   SOLE   273,808 0 0
ORION OFFICE REIT INC COM 68629Y103   5,440,467 812,010 SH   SOLE   812,010 0 0
QUANTUM CORP COM NEW 747906501   4,287,324 3,728,108 SH   SOLE   3,728,108 0 0
SONIDA SENIOR LIVING INC COM 140475203   2,229,089 328,290 SH   SOLE   328,290 0 0
SPORTSMANS WHSE HLDGS INC COM 84920Y106   5,897,331 695,440 SH   SOLE   695,440 0 0
SWEETGREEN INC COM CL A 87043Q108   12,352,500 1,575,574 SH   SOLE   1,575,574 0 0
THE AARONS COMPANY INC COM 00258W108   8,993,161 930,969 SH   SOLE   930,969 0 0
ZIMVIE INC COM 98888T107   12,359,765 1,709,511 SH   SOLE   1,709,511 0 0