# EDGAR Filing Document

**Accession Number:** 0001860998
**File Stem:** 0001214659-26-001439
**Filing Date:** 2026-2
**Character Count:** 23011
**Document Hash:** 3c35acb0f1bee53daf350bf8e19f24be
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-26-001439.hdr.sgml**: 20260210

**ACCESSION NUMBER**: 0001214659-26-001439

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260210

**DATE AS OF CHANGE**: 20260210

**EFFECTIVENESS DATE**: 20260210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Skaana Management L.P.
- **CENTRAL INDEX KEY:** 0001860998

**ORGANIZATION NAME:**
- **EIN:** 853938474
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22020
- **FILM NUMBER:** 26615537

**BUSINESS ADDRESS:**
- **STREET 1:** 921 PRESIDENT STREET
- **CITY:** BROOKLYN
- **STATE:** NY
- **ZIP:** 11215
- **BUSINESS PHONE:** 212-747-0444

**MAIL ADDRESS:**
- **STREET 1:** 921 PRESIDENT STREET
- **CITY:** BROOKLYN
- **STATE:** NY
- **ZIP:** 11215

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Skaana Management L.P.<br>**Address:** 921 PRESIDENT STREET<br>BROOKLYN, NY 11215

**Form 13F File Number:** 028-22020

**CRD Number (if applicable):** 000311817

**SEC File Number (if applicable):** 801-119991

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Mayank Patel<br>**Title:** CCO<br>**Phone:** 212-747-0444

**Signature, Place, and Date of Signing:**

Mayank Patel CCO  BROOKLYN, NY  02-10-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 183

**Form 13F Information Table Value Total:** $308961121

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AAUC 8 3/4 09/07/28 | FIXED INCOME | 01921DAA3 |  | 5996654 | 4000000 | PRN |  | SOLE |  | 4000000 | 0 | 0 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 92114 | 10600 | SH |  | SOLE |  | 10600 | 0 | 0 |
| AGILETHOUGHT INC 11.5000EXP01/10/2025 | WARR | 00857F118 |  | 0 | 46807 | SH |  | SOLE |  | 46807 | 0 | 0 |
| ALBEMARLE CORP | 7.25% DEP SHS A | 012653200 |  | 1144089 | 19264 | SH |  | SOLE |  | 19264 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 990080 | 7000 | SH | Call | SOLE |  | 7000 | 0 | 0 |
| AMC 6 04/30/30 144A | FIXED INCOME | 62844JAA6 |  | 1128682 | 1560912 | PRN |  | SOLE |  | 1560912 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 3105684 | 41124 | SH |  | SOLE |  | 41124 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 579040 | 4000 | SH | Call | SOLE |  | 4000 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 5848304 | 40400 | SH | Put | SOLE |  | 40400 | 0 | 0 |
| APPLIED DIGITAL CORP | COM NEW | 038169207 |  | 245200 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| APPLIED OPTOELECTRONICS INC | COM | 03823U102 |  | 575190 | 16500 | SH | Call | SOLE |  | 16500 | 0 | 0 |
| APPLIED OPTOELECTRONICS INC | COM | 03823U102 |  | 250992 | 7200 | SH | Put | SOLE |  | 7200 | 0 | 0 |
| ARMADA ACQUISITION CORP II | *W EXP 05/21/203 | G0R38G112 |  | 14262 | 16025 | SH |  | SOLE |  | 16025 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | COM SHS | 04271T100 |  | 55320 | 6000 | SH | Call | SOLE |  | 6000 | 0 | 0 |
| AST SPACEMOBILE INC | COM CL A | 00217D100 |  | 22784031 | 313700 | SH | Call | SOLE |  | 313700 | 0 | 0 |
| AST SPACEMOBILE INC | COM CL A | 00217D100 |  | 13944960 | 192000 | SH | Put | SOLE |  | 192000 | 0 | 0 |
| ASTS 2 01/15/36 | FIXED INCOME | 00217DAE0 |  | 3021613 | 3000000 | PRN |  | SOLE |  | 3000000 | 0 | 0 |
| ASTS 2 3/8 10/15/32 | FIXED INCOME | 00217DAC4 |  | 647791 | 490000 | PRN |  | SOLE |  | 490000 | 0 | 0 |
| ATRO 0 01/15/31 | FIXED INCOME | 046433AE8 |  | 469001 | 400000 | PRN |  | SOLE |  | 400000 | 0 | 0 |
| BEYOND MEAT INC | DEBT  7.000%10/1 | 08862EAD1 |  | 4664161 | 5979000 | PRN |  | SOLE |  | 5979000 | 0 | 0 |
| BEYOND MEAT INC | COM | 08862E109 |  | 30832 | 37600 | SH | Call | SOLE |  | 37600 | 0 | 0 |
| BEYOND MEAT INC | COM | 08862E109 |  | 1246564 | 1520200 | SH | Put | SOLE |  | 1520200 | 0 | 0 |
| BIGBEAR AI HLDGS INC | COM | 08975B109 |  | 2062379 | 381922 | SH |  | SOLE |  | 381922 | 0 | 0 |
| BIGBEAR AI HLDGS INC | COM | 08975B109 |  | 2103300 | 389500 | SH | Call | SOLE |  | 389500 | 0 | 0 |
| BIGBEAR AI HLDGS INC | COM | 08975B109 |  | 4037580 | 747700 | SH | Put | SOLE |  | 747700 | 0 | 0 |
| BITFARMS LTD | COM | 09173B107 |  | 23500 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| BITFARMS LTD | COM | 09173B107 |  | 4700 | 2000 | SH | Put | SOLE |  | 2000 | 0 | 0 |
| BLACKSKY TECHNOLOGY INC | CL A NEW | 09263B207 |  | 75000 | 4000 | SH | Put | SOLE |  | 4000 | 0 | 0 |
| BOEING CO | DEP CONV PFD A | 097023204 |  | 2056469 | 29778 | SH |  | SOLE |  | 29778 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 781632 | 3600 | SH | Call | SOLE |  | 3600 | 0 | 0 |
| BORRNO 5 02/08/28 | FIXED INCOME | 100015AA4 |  | 1012145 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| BROOKDALE SR LIVING INC | FIXED INCOME | 11247C202 |  | 0 | 36720 | PRN |  | SOLE |  | 36720 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 763378 | 24996 | SH |  | SOLE |  | 24996 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 763500 | 25000 | SH | Put | SOLE |  | 25000 | 0 | 0 |
| CELSION CORP 2.3600 EXP12/06/2016 | WARR | 151993276 |  | 0 | 166217 | SH |  | SOLE |  | 166217 | 0 | 0 |
| CENTERPOINT ENERGY  INC CONV PFD  TAXBL | EQUITY | 15189T206 |  | 28678651 | 797072 | SH |  | SOLE |  | 797072 | 0 | 0 |
| CIFR 0 10/01/31 | FIXED INCOME | 17253JAB2 |  | 1252120 | 1050000 | PRN |  | SOLE |  | 1050000 | 0 | 0 |
| CIPHER MINING INC | COM | 17253J106 |  | 442800 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| CIPHER MINING INC | COM | 17253J106 |  | 73800 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| CLEANSPARK INC | COM NEW | 18452B209 |  | 500940 | 49500 | SH | Call | SOLE |  | 49500 | 0 | 0 |
| CLEANSPARK INC | COM NEW | 18452B209 |  | 202400 | 20000 | SH | Put | SOLE |  | 20000 | 0 | 0 |
| CLSK 0 02/15/32 | FIXED INCOME | 18452BAD2 |  | 4552391 | 6000000 | PRN |  | SOLE |  | 6000000 | 0 | 0 |
| COMPOSECURE INC | COM CL A | 20459V105 |  | 4359208 | 226100 | SH | Call | SOLE |  | 226100 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 4049136 | 278100 | SH | Put | SOLE |  | 278100 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 2483936 | 170600 | SH | Call | SOLE |  | 170600 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | *W EXP 01/23/202 | 21874A114 |  | 42763862 | 5054830 | SH |  | SOLE |  | 5054830 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | *W EXP 01/23/202 | 21874A130 |  | 4377 | 301 | SH |  | SOLE |  | 301 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 429660 | 6000 | SH | Put | SOLE |  | 6000 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 107415 | 1500 | SH | Call | SOLE |  | 1500 | 0 | 0 |
| CRITICAL METALS CORP | *W EXP 02/27/202 | G2662B111 |  | 170041 | 62286 | SH |  | SOLE |  | 62286 | 0 | 0 |
| CRWV 1 3/4 12/01/31 | FIXED INCOME | 21873SAD0 |  | 951945 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| DYNAVAX TECHNOLOGIES CORP | DEBT  2.000% 3/1 | 268158AE2 |  | 2084152 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| ENOVIX CORPORATION | COM | 293594107 |  | 2650606 | 362600 | SH | Call | SOLE |  | 362600 | 0 | 0 |
| ENVX 4 3/4 09/15/30 | FIXED INCOME | 293594AF4 |  | 2187135 | 2250000 | PRN |  | SOLE |  | 2250000 | 0 | 0 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 533417 | 46546 | SH |  | SOLE |  | 46546 | 0 | 0 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 10567266 | 922100 | SH | Put | SOLE |  | 922100 | 0 | 0 |
| EOSE 1 3/4 12/01/31 | FIXED INCOME | 29415CAC5 |  | 2442558 | 2500000 | PRN |  | SOLE |  | 2500000 | 0 | 0 |
| EPR PPTYS | CONV PFD 9% SR E | 26884U307 |  | 303628 | 10148 | SH |  | SOLE |  | 10148 | 0 | 0 |
| EPR PPTYS | PFD C CV 5.75% | 26884U208 |  | 6161892 | 277813 | SH |  | SOLE |  | 277813 | 0 | 0 |
| FASTLY INC | CL A | 31188V100 |  | 157790 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| FASTLY INC | CL A | 31188V100 |  | 157790 | 15500 | SH | Put | SOLE |  | 15500 | 0 | 0 |
| FAZE HOLDINGS INC. 11.5000EXP03/01/2028 | WARR | 31423J110 |  | 0 | 242802 | SH |  | SOLE |  | 242802 | 0 | 0 |
| FLUENCE ENERGY INC | NOTE  2.250% 6/1 | 34379VAB9 |  | 2422307 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 438208 | 33400 | SH | Call | SOLE |  | 33400 | 0 | 0 |
| GAMESTOP CORP NEW | CL A | 36467W109 |  | 415656 | 20700 | SH |  | SOLE |  | 20700 | 0 | 0 |
| GAMESTOP CORP NEW | CL A | 36467W109 |  | 2678672 | 133400 | SH | Put | SOLE |  | 133400 | 0 | 0 |
| GAMESTOP CORP NEW | *W EXP 10/30/202 | 36467W117 |  | 38751 | 12874 | SH |  | SOLE |  | 12874 | 0 | 0 |
| GME 0 06/15/32 | FIXED INCOME | 36467WAF6 |  | 2444752 | 2500000 | PRN |  | SOLE |  | 2500000 | 0 | 0 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 159063 | 12340 | SH |  | SOLE |  | 12340 | 0 | 0 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 161125 | 12500 | SH | Put | SOLE |  | 12500 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 |  | 324334 | 63100 | SH | Call | SOLE |  | 63100 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 |  | 119762 | 23300 | SH | Put | SOLE |  | 23300 | 0 | 0 |
| HTZ 5 1/2 10/01/30 | FIXED INCOME | 428040DG1 |  | 2533684 | 3250000 | PRN |  | SOLE |  | 3250000 | 0 | 0 |
| INTUITIVE MACHINES INC | CLASS A COM | 46125A100 |  | 81150 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| IREN 0 07/01/31 | FIXED INCOME | 46270CAE9 |  | 1871051 | 2500000 | PRN |  | SOLE |  | 2500000 | 0 | 0 |
| IREN 1 06/01/33 33 | FIXED INCOME | 46270CAJ8 |  | 1641222 | 1750000 | PRN |  | SOLE |  | 1750000 | 0 | 0 |
| IREN 1/4 06/01/32 | FIXED INCOME | 46270CAG4 |  | 1874096 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| IREN LIMITED | ORDINARY SHARES | Q4982L109 |  | 793170 | 21000 | SH | Put | SOLE |  | 21000 | 0 | 0 |
| JETBLUE AIRWAYS CORP | NOTE  2.500% 9/0 | 477143AR2 |  | 4563639 | 4697000 | PRN |  | SOLE |  | 4697000 | 0 | 0 |
| JETBLUE AWYS CORP | COM | 477143101 |  | 326690 | 71800 | SH | Put | SOLE |  | 71800 | 0 | 0 |
| JETBLUE AWYS CORP | COM | 477143101 |  | 322140 | 70800 | SH | Call | SOLE |  | 70800 | 0 | 0 |
| JOBY AVIATION INC | *W EXP 08/10/202 | G65163118 |  | 466967 | 117921 | SH |  | SOLE |  | 117921 | 0 | 0 |
| KKR  CO INC | 6.25 CON SER D | 48251W500 |  | 570344 | 11002 | SH |  | SOLE |  | 11002 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 637400 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| LCID 5 04/01/30 | FIXED INCOME | 549498AC7 |  | 1759061 | 3000000 | PRN |  | SOLE |  | 3000000 | 0 | 0 |
| LEHMAN BROTHERS HOLDINGS INC. CONV PFD 5.2500 03/06/2032 | EQUITY | 525ESC810 |  | 0 | 2366 | SH |  | SOLE |  | 2366 | 0 | 0 |
| LIGHTNING EMOTORS INC 11.5000EXP05/18/2025 | WARR | 53228T119 |  | 0 | 392968 | SH |  | SOLE |  | 392968 | 0 | 0 |
| LIVEWIRE GROUP INC | *W EXP 09/26/202 | 53838J113 |  | 84194 | 1344955 | SH |  | SOLE |  | 1344955 | 0 | 0 |
| LUCID GROUP INC | COM NEW | 549498202 |  | 189362 | 17915 | SH |  | SOLE |  | 17915 | 0 | 0 |
| LUCID GROUP INC | COM NEW | 549498202 |  | 11019225 | 1042500 | SH | Put | SOLE |  | 1042500 | 0 | 0 |
| LUNR 2 1/2 10/01/30 | FIXED INCOME | 46125AAA8 |  | 1516657 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| MARA 0 08/01/32 | FIXED INCOME | 565788AJ5 |  | 1329048 | 1935000 | PRN |  | SOLE |  | 1935000 | 0 | 0 |
| MARA HOLDINGS INC | NOTE         6/0 | 565788AH9 |  | 838528 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| MARA HOLDINGS INC | COM | 565788106 |  | 367282 | 40900 | SH | Put | SOLE |  | 40900 | 0 | 0 |
| MARA HOLDINGS INC | COM | 565788106 |  | 89800 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| MAXEON SOLAR TECHNOLOGIES | SHS NEW | Y58473128 |  | 275000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| MAXEON SOLAR TECHNOLOGIES | SHS NEW | Y58473128 |  | 23925 | 8700 | SH | Put | SOLE |  | 8700 | 0 | 0 |
| MAXEON SOLAR/C WRT 2.2575 20280115 | WARR | Y58473110 |  | 0 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| MF GLOBAL HOLDINGS LTD CONV PFD PRIV PL/144A SERIES B | EQUITY | 55277J306 |  | 0 | 50 | SH |  | SOLE |  | 50 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 151560 | 3000 | SH | Call | SOLE |  | 3000 | 0 | 0 |
| NBIS 1 09/15/30 | FIXED INCOME | 63954QAE6 |  | 592627 | 600000 | PRN |  | SOLE |  | 600000 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 25500 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| NOVANTA INC | UNIT 11/01/2028 | 67000B203 |  | 322898 | 5873 | SH |  | SOLE |  | 5873 | 0 | 0 |
| NOVAVAX INC | COM NEW | 670002401 |  | 458976 | 68300 | SH |  | SOLE |  | 68300 | 0 | 0 |
| NOVAVAX INC | COM NEW | 670002401 |  | 18816 | 2800 | SH | Call | SOLE |  | 2800 | 0 | 0 |
| NOVAVAX INC | COM NEW | 670002401 |  | 799680 | 119000 | SH | Put | SOLE |  | 119000 | 0 | 0 |
| NVAX 4 5/8 09/01/31 | FIXED INCOME | 670002AE4 |  | 989964 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| OCCIDENTAL PETE CORP | *W EXP 08/03/202 | 674599162 |  | 8386732 | 435290 | SH |  | SOLE |  | 435290 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 |  | 110770 | 19000 | SH | Call | SOLE |  | 19000 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | *W EXP 11/20/202 | 683712129 |  | 170412 | 189347 | SH |  | SOLE |  | 189347 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | *W EXP 11/20/202 | 683712137 |  | 228482 | 439135 | SH |  | SOLE |  | 439135 | 0 | 0 |
| PAGAYA TECHNOLOGIES LTD | CL A NEW | M7S64L123 |  | 48070 | 2300 | SH | Call | SOLE |  | 2300 | 0 | 0 |
| PAGAYA TECHNOLOGIES LTD | CL A NEW | M7S64L123 |  | 229900 | 11000 | SH | Put | SOLE |  | 11000 | 0 | 0 |
| PAYONEER GLOBAL INC | COM | 70451X104 |  | 119144 | 21200 | SH |  | SOLE |  | 21200 | 0 | 0 |
| PAYONEER GLOBAL INC | COM | 70451X104 |  | 119706 | 21300 | SH | Put | SOLE |  | 21300 | 0 | 0 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 7243830 | 243900 | SH | Call | SOLE |  | 243900 | 0 | 0 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 813780 | 27400 | SH | Put | SOLE |  | 27400 | 0 | 0 |
| PEB 1 5/8 01/15/30 | FIXED INCOME | 70509VAB6 |  | 974388 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| PLANET LABS PBC | *W EXP 12/06/202 | 72703X114 |  | 201818 | 23440 | SH |  | SOLE |  | 23440 | 0 | 0 |
| PLUG 6 3/4 12/01/33 | FIXED INCOME | 72919PAG8 |  | 3482665 | 3500000 | PRN |  | SOLE |  | 3500000 | 0 | 0 |
| PLUG POWER INC | COM NEW | 72919P202 |  | 328596 | 166800 | SH | Call | SOLE |  | 166800 | 0 | 0 |
| PLUG POWER INC | COM NEW | 72919P202 |  | 103622 | 52600 | SH | Put | SOLE |  | 52600 | 0 | 0 |
| PORCH GROUP INC | COM | 733245104 |  | 228250 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| PSQ HOLDINGS INC | CL A | 693691107 |  | 3605 | 3500 | SH | Call | SOLE |  | 3500 | 0 | 0 |
| PSQ HOLDINGS INC | CL A | 693691107 |  | 103 | 100 | SH | Put | SOLE |  | 100 | 0 | 0 |
| PSQ HOLDINGS INC | *W EXP 07/19/202 | 693691115 |  | 46173 | 486033 | SH |  | SOLE |  | 486033 | 0 | 0 |
| RENEW ENERGY GLOBAL PLC | *W EXP 08/21/202 | G7500M120 |  | 464 | 65326 | SH |  | SOLE |  | 65326 | 0 | 0 |
| RIOT PLATFORMS INC | NOTE  0.750% 1/1 | 767292AB1 |  | 1597730 | 1408000 | PRN |  | SOLE |  | 1408000 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 149796 | 7600 | SH | Call | SOLE |  | 7600 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 98550 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| RTS/A SPAC II ACQUISITION CORP EXP12/31/2099 | EQUITY | G0543H133 |  | 0 | 25319 | SH |  | SOLE |  | 25319 | 0 | 0 |
| SELINA HOSPITALITY PLC 11.5000EXP02/26/2023 | WARR | G8059B119 |  | 0 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| SELINA HOSPITALITY PLC 6     11/01/2029 | FIXED INCOME | 81635BAE8 |  | 0 | 3468891 | PRN |  | SOLE |  | 3468891 | 0 | 0 |
| SHAPEWAYS HOLDINGS INC 11.5000EXP10/31/2026 | WARR | 81947T110 |  | 0 | 155696 | SH |  | SOLE |  | 155696 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4773440 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 10228800 | 15000 | SH | Put | SOLE |  | 15000 | 0 | 0 |
| STARWOOD PPTY TR INC | NOTE  6.750% 7/1 | 85571BBA2 |  | 4842260 | 4665000 | PRN |  | SOLE |  | 4665000 | 0 | 0 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 117065 | 6500 | SH | Call | SOLE |  | 6500 | 0 | 0 |
| STEM INC | COM NEW | 85859N300 |  | 225750 | 15000 | SH | Call | SOLE |  | 15000 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 75975 | 500 | SH | Put | SOLE |  | 500 | 0 | 0 |
| SUNRUN INC | COM | 86771W105 |  | 276000 | 15000 | SH | Put | SOLE |  | 15000 | 0 | 0 |
| T1 ENERGY INC | NOTE  5.250%12/0 | 35834FAB0 |  | 633680 | 500000 | PRN |  | SOLE |  | 500000 | 0 | 0 |
| TERAWULF INC | COM | 88080T104 |  | 114900 | 10000 | SH | Put | SOLE |  | 10000 | 0 | 0 |
| THE REALREAL INC | DEBT  4.000% 2/1 | 88339PAJ0 |  | 3396282 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 62363 | 15100 | SH | Call | SOLE |  | 15100 | 0 | 0 |
| TRUMP MEDIA  TECHNOLOGY | COM | 25400Q105 |  | 432948 | 32700 | SH | Put | SOLE |  | 32700 | 0 | 0 |
| TWENTY ONE CAP INC | COM SHS CL A | 90138L109 |  | 43800 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| TXNM ENERGY INC | NOTE  5.750% 6/0 | 69349HAF4 |  | 1345600 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| UPHEALTH INC 11.5000EXP07/01/2024 | WARR | 91532B119 |  | 62 | 61593 | SH |  | SOLE |  | 61593 | 0 | 0 |
| VINFAST AUTO LTD | *W EXP 08/11/202 | Y9390M111 |  | 5034 | 33558 | SH |  | SOLE |  | 33558 | 0 | 0 |
| VISIONWAVE HOLDINGS INC | *W EXP 07/14/203 | 927950113 |  | 202533 | 173105 | SH |  | SOLE |  | 173105 | 0 | 0 |
| VOYAGER TECHNOLOGIES INC | COM CL A | 92892B103 |  | 130700 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| VOYG 3/4 11/15/30 | FIXED INCOME | 92892BAA1 |  | 2740542 | 2598000 | PRN |  | SOLE |  | 2598000 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 476245 | 4743 | SH |  | SOLE |  | 4743 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 190779 | 1900 | SH | Call | SOLE |  | 1900 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 50205 | 500 | SH | Put | SOLE |  | 500 | 0 | 0 |
| WEBULL CORP | ORD SHS | G9572D103 |  | 81010 | 10426 | SH |  | SOLE |  | 10426 | 0 | 0 |
| WEBULL CORP | ORD SHS | G9572D103 |  | 2715615 | 349500 | SH | Call | SOLE |  | 349500 | 0 | 0 |
| WEBULL CORP | ORD SHS | G9572D103 |  | 2544675 | 327500 | SH | Put | SOLE |  | 327500 | 0 | 0 |
| WEBULL CORP | *W EXP 04/10/203 | G9572D111 |  | 3750007 | 1308903 | SH |  | SOLE |  | 1308903 | 0 | 0 |
| WTS/A SPAC II ACQUISITION CORP EXP10/15/2026 | WARR | G0543H117 |  | 660 | 22000 | SH |  | SOLE |  | 22000 | 0 | 0 |
| WTS/ALLEGRO MERGER CORP EXP01/06/25 | WARR | 01749N111 |  | 0 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| WTS/CALLON PETROLEUM COMPANY 10.0000 EXP12/29/2010 | WARR | 131990608 |  | 0 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| WTS/CELSION CORP 5.2400 EXP03/30/2015 | WARR | 151992708 |  | 0 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| WTS/CELSION CORPORATION 2.7700 EXP12/02/2017 | WARR | 151993052 |  | 0 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| WTS/CHICKEN SOUP FOR THE SOUL 11.5000EXP10/22/2026 | WARR | 16842Q134 |  | 0 | 156418 | SH |  | SOLE |  | 156418 | 0 | 0 |
| WTS/CLEVER LEAVES HOLDINGS INC 11.5000EXP12/31/2025 | WARR | 186760112 |  | 4 | 35519 | SH |  | SOLE |  | 35519 | 0 | 0 |
| WTS/DISCOVERY LABS  INC. 2.8000 EXP02/22/2016 | WARR | 254993397 |  | 0 | 8750 | SH |  | SOLE |  | 8750 | 0 | 0 |
| WTS/ENVIRONMENTAL IMPACT ACQUI 11.5000EXP09/30/2027 | WARR | 39536G113 |  | 0 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| WTS/FIBROCELL SCIENCE  INC. 0.3000 EXP05/24/2017 | WARR | 315991380 |  | 0 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| WTS/GREENROSE ACQUISITION CORP EXP12/31/2024 | WARR | 395392111 |  | 0 | 13100 | SH |  | SOLE |  | 13100 | 0 | 0 |
| WTS/HECLA MINING COMPANY 2.4500 EXP06/09/2014 | WARR | 422992792 |  | 0 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| WTS/ICORECONNECT  INC. EXP08/21/2028 | WARR | 450958111 |  | 8 | 16750 | SH |  | SOLE |  | 16750 | 0 | 0 |
| WTS/LION ELECTRIC EXP12/13/2027 | WARR | 536221120 |  | 0 | 240426 | SH |  | SOLE |  | 240426 | 0 | 0 |
| WTS/MODULAR MEDICAL  INC. 6.6000 EXP02/14/2027 | WARR | 60785L116 |  | 240 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| WTS/NEXTNAV INC EXP06/01/2027 | WARR | 65345N122 |  | 294000 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| WTS/PLUG 3.3008 EXP05/19/2034 | WARR | 0PLUGW123 |  | 0 | 497626 | SH |  | SOLE |  | 497626 | 0 | 0 |
| WTS/PMV CONSUMER ACQUISITION C EXP08/31/2027 | WARR | 693486110 |  | 4 | 9826 | SH |  | SOLE |  | 9826 | 0 | 0 |
| WTS/PYXIS ONCOLOGY INC EXP07/29/2027 | WARR | 747324119 |  | 0 | 73130 | SH |  | SOLE |  | 73130 | 0 | 0 |
| WTS/REALREAL INC  THE EXP02/28/2029 | WARR | 88339P119 |  | 0 | 144435 | SH |  | SOLE |  | 144435 | 0 | 0 |
| WTS/SELINA HOSPITALITY PLC EXP01/01/2059 | WARR | 813992435 |  | 0 | 12649446 | SH |  | SOLE |  | 12649446 | 0 | 0 |
| WTS/SEMILUX INTERNATIONAL LTD EXP12/31/2024 | WARR | G8021C112 |  | 0 | 26250 | SH |  | SOLE |  | 26250 | 0 | 0 |
| WTS/XOMA CORPORATION 1.7600 EXP03/09/2017 | WARR | 983992991 |  | 0 | 9470 | SH |  | SOLE |  | 9470 | 0 | 0 |

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