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
ADTRAN HOLDINGS INC COM 00486H105   615,263 48,908 SH   OTR 2 0 48,908 0
AH RLTY TR INC COM 04208T108   312,400 56,800 SH   OTR 1 0 56,800 0
ALICO INC COM 016230104   261,506 6,338 SH   OTR 1 0 6,338 0
ALMONTY INDS INC COM NEW 020398707   680,734 47,012 SH   OTR 2 0 47,012 0
AMERICAN RES CORP CL A 02927U208   108,358 44,776 SH   OTR 2 0 44,776 0
AMERICAS GOLD AND SILVER COR COM NEW 03062D803   52,252 10,010 SH   OTR 2 0 10,010 0
AMERICOLD REALTY TRUST INC COM 03064D108   488,196 42,600 SH   OTR 1 0 42,600 0
APARTMENT INVT & MGMT CO CL A 03748R747   235,653 57,900 SH   OTR 1 0 57,900 0
BARCLAYS BANK PLC IPATH S&P 500 SH 06748M196   613,112 17,174 SH   OTR 2 0 17,174 0
BILL HOLDINGS INC NOTE 4/0 090043AF7   6,690,625 7,500,000 PRN   SOLE   7,500,000 0 0
BLAIZE HLDGS INC COM 092915107   52,052 28,600 SH   OTR 2 0 28,600 0
BRAEMAR HOTELS & RESORTS INC COM 10482B101   334,412 141,700 SH   OTR 1 0 141,700 0
CBDMD INC COM SHS 12482W408   137,119 184,796 SH   SOLE   184,796 0 0
CECO ENVIRONMENTAL CORP COM 125141101   447,744 7,515 SH   OTR 2 0 7,515 0
CENTERSPACE COM 15202L107   563,010 9,800 SH   OTR 1 0 9,800 0
CREATIVE REALITIES INC COM 22530J309   98,453 28,620 SH   OTR 2 0 28,620 0
CTO RLTY GROWTH INC NEW COM 22948Q101   558,435 30,202 SH   OTR 1 0 30,202 0
CUBESMART COM 229663109   227,230 6,200 SH   OTR 1 0 6,200 0
DIGITAL TURBINE INC COM NEW 25400W102   61,698 21,423 SH   OTR 2 0 21,423 0
ELME COMMUNITIES SH BEN INT 939653101   255,270 127,000 SH   OTR 1 0 127,000 0
ENPHASE ENERGY INC COM 29355A107   324,410 8,580 SH   OTR 2 0 8,580 0
FIVE9 INC NOTE 1.000% 3/1 338307AF8   4,361,167 5,000,000 PRN   SOLE   5,000,000 0 0
FOSSIL GROUP INC COM 34988V106   132,511 30,745 SH   OTR 2 0 30,745 0
GOSSAMER BIO INC NOTE 5.000% 6/0 38341PAA0   6,474,728 15,752,000 PRN   SOLE   15,752,000 0 0
HUDSON PACIFIC PROPERTIES IN COM 444097406   172,318 29,157 SH   OTR 1 0 29,157 0
INDIE SEMICONDUCTOR INC CLASS A COM 45569U101   380,604 118,200 SH   OTR 2 0 118,200 0
KOPIN CORP COM 500600101   88,481 39,325 SH   OTR 2 0 39,325 0
LEMONADE INC COM 52567D107   316,095 5,043 SH   OTR 2 0 5,043 0
LGI HOMES INC COM 50187T106   249,039 6,300 SH   OTR 1 0 6,300 0
MAYVILLE ENGR CO INC COM 578605107   271,225 15,110 SH   OTR 2 0 15,110 0
NEW FOUND GOLD CORP COM 64440N103   148,779 76,690 SH   OTR 2 0 76,690 0
NIOCORP DEVS LTD COM NEW 654484609   222,706 49,934 SH   OTR 2 0 49,934 0
NOKIA CORP SPONSORED ADR 654902204   287,430 35,750 SH   OTR 2 0 35,750 0
NOVAGOLD RESOURCES INC COM NEW 66987E206   258,435 28,779 SH   OTR 2 0 28,779 0
OPERA LTD SPONSORED ADS 68373M107   447,835 31,405 SH   OTR 2 0 31,405 0
PERPETUA RESOURCES CORP COM 714266103   458,187 16,294 SH   OTR 2 0 16,294 0
QUICKLOGIC CORP COM NEW 74837P405   120,721 12,870 SH   OTR 2 0 12,870 0
SERITAGE GROWTH PPTYS CL A 81752R100   378,010 134,523 SH   OTR 1 0 134,523 0
SILVACO GROUP INC COM 82728C102   172,115 24,310 SH   OTR 2 0 24,310 0
SM ENERGY COMPANY COM 78454L100   222,937 7,150 SH   OTR 2 0 7,150 0
SMARTRENT INC COM CL A 83193G107   172,500 115,000 SH   OTR 1 0 115,000 0
STRAWBERRY FIELDS REIT INC COM 863182101   226,826 19,061 SH   OTR 1 0 19,061 0
SUMMIT HOTEL PPTYS COM 866082100   287,300 65,000 SH   OTR 1 0 65,000 0
SUNPOWER INC COM 20460L104   152,432 120,025 SH   OTR 2 0 120,025 0
TERAWULF INC COM 88080T104   226,984 15,730 SH   OTR 2 0 15,730 0
TIGO ENERGY INC COM 88675P103   230,958 61,425 SH   OTR 2 0 61,425 0
TITAN MNG CORP COM SHS NEW 88831L202   95,560 32,175 SH   OTR 2 0 32,175 0
UNITED STATES ANTIMONY CORP COM 911549103   389,795 44,650 SH   OTR 2 0 44,650 0
URANIUM RTY CORP COM 91702V101   65,244 17,875 SH   OTR 2 0 17,875 0
UR-ENERGY INC COM 91688R108   15,980 10,725 SH   OTR 2 0 10,725 0
VIAVI SOLUTIONS INC COM 925550105   351,969 10,576 SH   OTR 2 0 10,576 0
VISHAY PRECISION GROUP INC COM 92835K103   257,264 5,925 SH   OTR 2 0 5,925 0
WEYERHAEUSER CO COM NEW 962166104   236,971 9,700 SH   OTR 2 0 9,700 0
WHITESTONE REIT COM 966084204   360,145 22,300 SH   OTR 2 0 22,300 0
ZETA GLOBAL HOLDINGS CORP CL A 98956A105   201,866 12,680 SH   OTR 1 0 12,680 0