# EDGAR Filing Document

**Accession Number:** 0001472322
**File Stem:** 0001104659-23-021908
**Filing Date:** 2023-2
**Character Count:** 15666
**Document Hash:** cb2a0b02f5ec3dffe1acb413a1b39a2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-021908.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001104659-23-021908

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nantahala Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001472322
- **IRS NUMBER:** 201151760
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14750
- **FILM NUMBER:** 23631210

**BUSINESS ADDRESS:**
- **STREET 1:** 130 MAIN ST.
- **STREET 2:** 2ND FLOOR
- **CITY:** NEW CANAAN
- **STATE:** CT
- **ZIP:** 06840
- **BUSINESS PHONE:** 203-404-1172

**MAIL ADDRESS:**
- **STREET 1:** 130 MAIN ST.
- **STREET 2:** 2ND FLOOR
- **CITY:** NEW CANAAN
- **STATE:** CT
- **ZIP:** 06840

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Nantahala Capital Management LLC<br>**Address:** 130 Main St.<br>2nd Floor<br>New Canaan, CT 06840

**Form 13F File Number:** 028-14750

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:** Taki Vasilakis<br>**Title:** Chief Compliance Officer<br>**Phone:** 203-308-4440

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

/s/ Taki Vasilakis  New Canaan, CT  02-14-2023<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:** 118

**Form 13F Information Table Value Total:** $1542903519

      (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 |
| ABEONA THERAPEUTICS INC | COM NEW | 00289Y206 |  | 4187835 | 272731 | SH |  | SOLE |  | 272731 | 0 | 0 |
| ACER THERAPEUTICS INC | COM | 00444P108 |  | 3077739 | 1226191 | SH |  | SOLE |  | 1226191 | 0 | 0 |
| ADC THERAPEUTICS SA | SHS | H0036K147 |  | 934234 | 243290 | SH |  | SOLE |  | 243290 | 0 | 0 |
| AEGLEA BIOTHERAPEUTICS INC | COM | 00773J103 |  | 2074625 | 4611302 | SH |  | SOLE |  | 4611302 | 0 | 0 |
| AEROVATE THERAPEUTICS INC | COM | 008064107 |  | 460010 | 15700 | SH |  | SOLE |  | 15700 | 0 | 0 |
| AKUMIN INC | COM | 01021X100 |  | 1586363 | 2206960 | SH |  | SOLE |  | 2206960 | 0 | 0 |
| ALTA EQUIPMENT GROUP INC | COMMON STOCK | 02128L106 |  | 15682712 | 1188985 | SH |  | SOLE |  | 1188985 | 0 | 0 |
| AMERICAS CAR-MART INC | COM | 03062T105 |  | 1083900 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| AMRYT PHARMA PLC | SPONSORED ADS | 03217L106 |  | 10493443 | 1437458 | SH |  | SOLE |  | 1437458 | 0 | 0 |
| ANEBULO PHARMACEUTICALS INC | COM | 034569103 |  | 1238688 | 511073 | SH |  | SOLE |  | 511073 | 0 | 0 |
| ANGION BIOMEDICA CORP | COM | 03476J107 |  | 838500 | 1033145 | SH |  | SOLE |  | 1033145 | 0 | 0 |
| APOLLO ENDOSURGERY INC | COM | 03767D108 |  | 40444571 | 4056627 | SH |  | SOLE |  | 4056627 | 0 | 0 |
| APOLLO ENDOSURGERY INC | COM | 03767D108 |  | 19940000 | 2000000 | SH | Call | SOLE |  | 2000000 | 0 | 0 |
| APTOSE BIOSCIENCES INC | COM NEW | 03835T200 |  | 3510663 | 6052867 | SH |  | SOLE |  | 6052867 | 0 | 0 |
| AURA BIOSCIENCES INC | COM | 05153U107 |  | 8386886 | 798751 | SH |  | SOLE |  | 798751 | 0 | 0 |
| AUTOLUS THERAPEUTICS PLC | SPON ADS | 05280R100 |  | 14785834 | 7782018 | SH |  | SOLE |  | 7782018 | 0 | 0 |
| AVALO THERAPEUTICS INC | COM NEW | 05338F207 |  | 2725016 | 540667 | SH |  | SOLE |  | 540667 | 0 | 0 |
| B. RILEY FINANCIAL INC | COM | 05580M108 |  | 2335723 | 68296 | SH |  | SOLE |  | 68296 | 0 | 0 |
| BIOVENTUS INC | COM CL A | 09075A108 |  | 8269978 | 3168574 | SH |  | SOLE |  | 3168574 | 0 | 0 |
| BM TECHNOLOGIES INC | CL A COM | 05591L107 |  | 1603513 | 307776 | SH |  | SOLE |  | 307776 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 711000 | 150000 | SH | Call | SOLE |  | 150000 | 0 | 0 |
| CATALYST BIOSCIENCES INC | COM NEW | 14888D208 |  | 231074 | 438055 | SH |  | SOLE |  | 438055 | 0 | 0 |
| CIDARA THERAPEUTICS INC | COM | 171757107 |  | 3303113 | 4367464 | SH |  | SOLE |  | 4367464 | 0 | 0 |
| CODEXIS INC | COM | 192005106 |  | 20913064 | 4487782 | SH |  | SOLE |  | 4487782 | 0 | 0 |
| CONCERT PHARMACEUTICALS INC | COM | 206022105 |  | 10117146 | 1732388 | SH |  | SOLE |  | 1732388 | 0 | 0 |
| CUE BIOPHARMA INC | COM | 22978P106 |  | 265896 | 93297 | SH |  | SOLE |  | 93297 | 0 | 0 |
| CURIS INC | COM NEW | 231269200 |  | 437933 | 796241 | SH |  | SOLE |  | 796241 | 0 | 0 |
| CYMABAY THERAPEUTICS INC | COM | 23257D103 |  | 14111005 | 2250559 | SH |  | SOLE |  | 2250559 | 0 | 0 |
| CYREN LTD | SHS NEW | M26895132 |  | 71983 | 116214 | SH |  | SOLE |  | 116214 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 220028 | 4802 | SH |  | SOLE |  | 4802 | 0 | 0 |
| DAKTRONICS INC | COM | 234264109 |  | 823967 | 292187 | SH |  | SOLE |  | 292187 | 0 | 0 |
| DARIOHEALTH CORP | COM NEW | 23725P209 |  | 10557720 | 2466757 | SH |  | SOLE |  | 1668963 | 0 | 0 |
| DHI GROUP INC | COM | 23331S100 |  | 19371853 | 3661976 | SH |  | SOLE |  | 3661976 | 0 | 0 |
| DISC MEDICINE INC | COM | 254604101 |  | 3063181 | 162762 | SH |  | SOLE |  | 162762 | 0 | 0 |
| DIVERSIFIED HEALTHCARE TR | COM SH BEN INT | 25525P107 |  | 2726262 | 4215000 | SH |  | SOLE |  | 4215000 | 0 | 0 |
| DRIVE SHACK INC | COM | 262077100 |  | 1072825 | 6500000 | SH |  | SOLE |  | 6500000 | 0 | 0 |
| DXP ENTERPRISES INC | COM NEW | 233377407 |  | 9314380 | 338090 | SH |  | SOLE |  | 338090 | 0 | 0 |
| ENOVA INTL INC | COM | 29357K103 |  | 2043202 | 53250 | SH |  | SOLE |  | 53250 | 0 | 0 |
| ESTABLISHMENT LABS HLDGS INC | COM | G31249108 |  | 119156260 | 1815023 | SH |  | SOLE |  | 1815023 | 0 | 0 |
| ESTABLISHMENT LABS HLDGS INC | COM | G31249108 |  | 6565000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| EXAGEN INC | COM | 30068X103 |  | 351742 | 146559 | SH |  | SOLE |  | 146559 | 0 | 0 |
| FORTRESS BIOTECH INC | COM | 34960Q109 |  | 5219077 | 7968056 | SH |  | SOLE |  | 7968056 | 0 | 0 |
| FTAC HERA ACQUISITION CORP | *W EXP 02/28/202 | G3728Y111 |  | 6131 | 222949 | SH |  | SOLE |  | 222949 | 0 | 0 |
| FULCRUM THERAPEUTICS INC | COM | 359616109 |  | 3640000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| GOLDEN ENTMT INC | COM | 381013101 |  | 17058477 | 456109 | SH |  | SOLE |  | 456109 | 0 | 0 |
| GUARDFORCE AI CO LTD | *W EXP 10/01/202 | G4236L120 |  | 3084 | 154205 | SH |  | SOLE |  | 154205 | 0 | 0 |
| HERBALIFE NUTRITION LTD | COM SHS | G4412G101 |  | 12911376 | 867700 | SH | Call | SOLE |  | 267700 | 0 | 0 |
| HILTON GRAND VACATIONS INC | COM | 43283X105 |  | 15924728 | 413200 | SH |  | SOLE |  | 413200 | 0 | 0 |
| HYPERFINE INC | COM CL A | 44916K106 |  | 457741 | 544930 | SH |  | SOLE |  | 49622 | 0 | 0 |
| IDEAYA BIOSCIENCES INC | COM | 45166A102 |  | 4605732 | 253480 | SH |  | SOLE |  | 253480 | 0 | 0 |
| IDW MEDIA HLDGS INC | CL B | 44951N106 |  | 785857 | 836019 | SH |  | SOLE |  | 171492 | 0 | 0 |
| IMAC HLDGS INC | COM | 44967K104 |  | 234263 | 1174253 | SH |  | SOLE |  | 1174253 | 0 | 0 |
| IMAX CORP | COM | 45245E109 |  | 41002393 | 2796889 | SH |  | SOLE |  | 2796889 | 0 | 0 |
| IMAX CORP | COM | 45245E109 |  | 32124458 | 2191300 | SH | Call | SOLE |  | 95500 | 0 | 0 |
| IMMATICS N.V | *W EXP 07/01/202 | N44445117 |  | 2475114 | 986101 | SH |  | SOLE |  | 986101 | 0 | 0 |
| IMMATICS N.V | SHS | N44445109 |  | 23939670 | 2748527 | SH |  | SOLE |  | 2748527 | 0 | 0 |
| INTELLICHECK INC | COM NEW | 45817G201 |  | 249188 | 124594 | SH |  | SOLE |  | 124594 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 120496011 | 691076 | SH |  | SOLE |  | 691076 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 296412000 | 1700000 | SH | Put | SOLE |  | 300000 | 0 | 0 |
| JOURNEY MED CORP | COM | 48115J109 |  | 433912 | 225996 | SH |  | SOLE |  | 225996 | 0 | 0 |
| KEROS THERAPEUTICS INC | COM | 492327101 |  | 38036306 | 792093 | SH |  | SOLE |  | 792093 | 0 | 0 |
| KEROS THERAPEUTICS INC | COM | 492327101 |  | 2012038 | 41900 | SH | Call | SOLE |  | 19100 | 0 | 0 |
| KINTARA THERAPEUTICS INC | COM NEW | 49720K200 |  | 81998 | 11901 | SH |  | SOLE |  | 11901 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 |  | 935065 | 146792 | SH |  | SOLE |  | 146792 | 0 | 0 |
| LUCID DIAGNOSTICS INC | COM | 54948X109 |  | 380170 | 279537 | SH |  | SOLE |  | 279537 | 0 | 0 |
| LUXFER HLDGS PLC | SHS | G5698W116 |  | 33645817 | 2452319 | SH |  | SOLE |  | 2452319 | 0 | 0 |
| LYRA THERAPEUTICS INC | COM | 55234L105 |  | 6973406 | 2220830 | SH |  | SOLE |  | 2220830 | 0 | 0 |
| MEDIAALPHA INC | CL A | 58450V104 |  | 12768238 | 1283240 | SH |  | SOLE |  | 1283240 | 0 | 0 |
| MEDIFAST INC | COM | 58470H101 |  | 3460500 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| MERRIMACK PHARMACEUTICALS IN | COM NEW | 590328209 |  | 2406600 | 210000 | SH |  | SOLE |  | 210000 | 0 | 0 |
| MILLERKNOLL INC | COM | 600544100 |  | 21039939 | 1001425 | SH |  | SOLE |  | 1001425 | 0 | 0 |
| MIMEDX GROUP INC | COM | 602496101 |  | 3190117 | 1147524 | SH |  | SOLE |  | 1147524 | 0 | 0 |
| NAUTILUS BIOTECHNOLOGY INC | COM | 63909J108 |  | 521721 | 289845 | SH |  | SOLE |  | 289845 | 0 | 0 |
| NEUROPACE INC | COM | 641288105 |  | 646037 | 433582 | SH |  | SOLE |  | 433582 | 0 | 0 |
| OPTINOSE INC | COM | 68404V100 |  | 2682500 | 1450000 | SH |  | SOLE |  | 1450000 | 0 | 0 |
| PAR TECHNOLOGY CORP | NOTE  2.875% 4/1 | 698884AC7 |  | 3567362 | 3785000 | PRN |  | SOLE |  | 3785000 | 0 | 0 |
| PATHWARD FINANCIAL INC | COM | 59100U108 |  | 56016574 | 1301198 | SH |  | SOLE |  | 1301198 | 0 | 0 |
| PAYA HOLDINGS INC | COM CL A | 70434P103 |  | 19432939 | 2472352 | SH |  | SOLE |  | 2166468 | 0 | 0 |
| PAYONEER GLOBAL INC | COM | 70451X104 |  | 7663314 | 1084831 | SH |  | SOLE |  | 1084831 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 19017761 | 2395184 | SH |  | SOLE |  | 2395184 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 10866684 | 1368600 | SH | Call | SOLE |  | 96500 | 0 | 0 |
| PERDOCEO ED CORP | COM | 71363P106 |  | 6950000 | 500000 | SH | Put | SOLE |  | 500000 | 0 | 0 |
| PERELLA WEINBERG PARTNERS | CLASS A COM | 71367G102 |  | 4941929 | 239819 | SH |  | SOLE |  | 239819 | 0 | 0 |
| PLAYAGS INC | COM | 72814N104 |  | 1134842 | 222518 | SH |  | SOLE |  | 222518 | 0 | 0 |
| POINT BIOPHARMA GLOBAL INC | COM | 730541109 |  | 4171272 | 572191 | SH |  | SOLE |  | 572191 | 0 | 0 |
| QUALTEK SERVICES INC | *W EXP 02/14/202 | 74760R113 |  | 3956 | 96244 | SH |  | SOLE |  | 96244 | 0 | 0 |
| RAFAEL HLDGS INC | COM CL B | 75062E106 |  | 135908 | 72678 | SH |  | SOLE |  | 72678 | 0 | 0 |
| READING INTL INC | CL A | 755408101 |  | 8054534 | 2907774 | SH |  | SOLE |  | 2907774 | 0 | 0 |
| RED VIOLET INC | COM | 75704L104 |  | 29352526 | 1275088 | SH |  | SOLE |  | 1275088 | 0 | 0 |
| REZOLUTE INC | COM NEW | 76200L309 |  | 1487784 | 718736 | SH |  | SOLE |  | 718736 | 0 | 0 |
| RH | COM | 74967X103 |  | 7694270 | 28797 | SH |  | SOLE |  | 28797 | 0 | 0 |
| RH | COM | 74967X103 |  | 10687600 | 40000 | SH | Call | SOLE |  | 40000 | 0 | 0 |
| RINGCENTRAL INC | CL A | 76680R206 |  | 4871819 | 137622 | SH |  | SOLE |  | 137622 | 0 | 0 |
| RMR GROUP INC | CL A | 74967R106 |  | 23904218 | 846167 | SH |  | SOLE |  | 846167 | 0 | 0 |
| RUMBLEON INC | COM CL B | 781386305 |  | 9636360 | 1489391 | SH |  | SOLE |  | 1489391 | 0 | 0 |
| SCULLY ROYALTY LTD | COM SHS | G7T96K107 |  | 2436437 | 316010 | SH |  | SOLE |  | 316010 | 0 | 0 |
| SHIFT TECHNOLOGIES INC | CL A | 82452T107 |  | 45620 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| SOLENO THERAPEUTICS INC | COM | 834203309 |  | 1196274 | 604179 | SH |  | SOLE |  | 604179 | 0 | 0 |
| SPAR GROUP INC | COM | 784933103 |  | 699955 | 538427 | SH |  | SOLE |  | 538427 | 0 | 0 |
| STAR GROUP L P | UNIT LTD PARTNR | 85512C105 |  | 152806 | 12681 | SH |  | SOLE |  | 12681 | 0 | 0 |
| STRATA SKIN SCIENCES INC | COM NEW | 86272A206 |  | 3471451 | 4393685 | SH |  | SOLE |  | 4393685 | 0 | 0 |
| SYNDAX PHARMACEUTICALS INC | COM | 87164F105 |  | 24831692 | 975705 | SH |  | SOLE |  | 975705 | 0 | 0 |
| TAYSHA GENE THERAPIES INC | COM SHS | 877619106 |  | 6779469 | 2999765 | SH |  | SOLE |  | 2999765 | 0 | 0 |
| TC BIOPHARM HOLDINGS PLC | *W EXP 02/08/202 | 87807D111 |  | 21047 | 235294 | SH |  | SOLE |  | 235294 | 0 | 0 |
| TELA BIO INC | COM | 872381108 |  | 4013523 | 349002 | SH |  | SOLE |  | 349002 | 0 | 0 |
| THE AARONS COMPANY INC | COM | 00258W108 |  | 3448435 | 288572 | SH |  | SOLE |  | 288572 | 0 | 0 |
| TRANSACT TECHNOLOGIES INC | COM | 892918103 |  | 415464 | 65738 | SH |  | SOLE |  | 65738 | 0 | 0 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 |  | 22876636 | 628479 | SH |  | SOLE |  | 628479 | 0 | 0 |
| TRAVELCENTERS OF AMERICA INC | COM NEW | 89421B109 |  | 46185823 | 1031394 | SH |  | SOLE |  | 1031394 | 0 | 0 |
| UNICYCIVE THERAPEUTICS INC | COM | 90466Y103 |  | 349605 | 647416 | SH |  | SOLE |  | 647416 | 0 | 0 |
| UNIQURE NV | SHS | N90064101 |  | 61214418 | 2700239 | SH |  | SOLE |  | 2700239 | 0 | 0 |
| UNIQURE NV | SHS | N90064101 |  | 26925159 | 1187700 | SH | Call | SOLE |  | 500000 | 0 | 0 |
| VENTYX BIOSCIENCES INC | COM | 92332V107 |  | 5181902 | 158033 | SH |  | SOLE |  | 158033 | 0 | 0 |
| VIEMED HEALTHCARE INC | COM | 92663R105 |  | 13381200 | 1770000 | SH |  | SOLE |  | 1770000 | 0 | 0 |
| VROOM INC | COM | 92918V109 |  | 1530000 | 1500000 | SH | Call | SOLE |  | 500000 | 0 | 0 |
| WABASH NATL CORP | COM | 929566107 |  | 1507420 | 66700 | SH | Put | SOLE |  | 16700 | 0 | 0 |
| WEBER INC | CL A | 94770D102 |  | 4025000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| ZOOM VIDEO COMMUNICATIONS IN | CL A | 98980L101 |  | 6774000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |

---