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
ALTICE USA INC CL A 02156K103   2,352,917 976,314 SH   SOLE   976,314 0 0
ARBOR REALTY TRUST INC COM 038923108   8,183,965 590,900 SH Call SOLE   0 0 590,900
BRIDGER AEROSPACE GRP HLDGS *W EXP 01/24/202 96812F110   437 10,000 SH   SOLE   0 0 10,000
COMMSCOPE HLDG CO INC COM 20337X109   30,991,273 5,948,421 SH   SOLE   5,948,421 0 0
COMMSCOPE HLDG CO INC COM 20337X109   309,995 59,500 SH Call SOLE   0 0 59,500
EQT CORP COM 26884L109   13,338,931 289,285 SH   SOLE   289,285 0 0
FRONTIER COMMUNICATIONS PARE COM 35909D109   2,023,010 58,300 SH Call SOLE   0 0 58,300
INDIVIOR PLC ORD G4766E116   4,639,261 373,231 SH   SOLE   373,231 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   70,154,800 317,500 SH Put SOLE   0 0 317,500
KELLANOVA COM 487836108   28,995,357 358,100 SH Call SOLE   0 0 358,100
KOHLS CORP COM 500255104   351,000 25,000 SH Put SOLE   0 0 25,000
KOSMOS ENERGY LTD COM 500688106   513,000 150,000 SH Put SOLE   0 0 150,000
LUMEN TECHNOLOGIES INC COM 550241103   2,920,500 550,000 SH Put SOLE   0 0 550,000
MEDICAL PPTYS TRUST INC COM 58463J304   173,800 44,000 SH Put SOLE   0 0 44,000
NEBIUS GROUP N.V. SHS CLASS A N97284108   3,601,000 130,000 SH   SOLE   130,000 0 0
NORDSTROM INC COM 655664100   17,883,075 740,500 SH Call SOLE   0 0 740,500
OFFICE PPTYS INCOME TR COM SHS BEN INT 67623C109   1,578,385 1,578,701 SH   SOLE   1,578,701 0 0
PROSPECT CAP CORP COM 74348T102   1,305,930 303,000 SH Call SOLE   0 0 303,000
PROSPECT CAP CORP COM 74348T102   9,191,506 2,132,600 SH Put SOLE   0 0 2,132,600
SPECTRAL AI INC *W EXP 99/99/999 84757T113   8,866 11,666 SH   SOLE   0 0 11,666
STAR HLDGS SHS BEN INT 85512G106   9,207,460 946,296 SH   SOLE   946,296 0 0
SUNCAR TECHNOLOGY GROUP INC *W EXP 05/17/202 G85727116   3,200 10,000 SH   SOLE   0 0 10,000
TELEPHONE & DATA SYS INC COM NEW 879433829   46,076,334 1,350,816 SH   SOLE   1,350,816 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829   31,002,579 908,900 SH Put SOLE   0 0 908,900
TRILOGY METALS INC NEW COM 89621C105   2,953,695 2,546,289 SH   SOLE   2,546,289 0 0