# EDGAR Filing Document

**Accession Number:** 0001860998
**File Stem:** 0001214659-25-011724
**Filing Date:** 2025-8
**Character Count:** 21334
**Document Hash:** 786cd854e1942d8ec7223fb9d8199f75
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-25-011724.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001214659-25-011724

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**DATE AS OF CHANGE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**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:** 251196864

**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:** 06-30-2025

**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  08-07-2025<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:** 167

**Form 13F Information Table Value Total:** $330198934

      (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 |  | 2027906 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| ABACUS GLOBAL MGMT INC | *W EXP 06/30/202 | 00258Y112 |  | 45151 | 40313 | SH |  | SOLE |  | 40313 | 0 | 0 |
| AGILETHOUGHT INC 11.5000EXP01/10/2025 | WARR | 00857F118 |  | 0 | 46807 | SH |  | SOLE |  | 46807 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 438690 | 7000 | SH | Call | SOLE |  | 7000 | 0 | 0 |
| ALBEMARLE CORP | 7.25% DEP SHS A | 012653200 |  | 22887 | 713 | SH |  | SOLE |  | 713 | 0 | 0 |
| AMC 6 04/30/30 144A | FIXED INCOME | 62844JAA6 |  | 830 | 877 | PRN |  | SOLE |  | 877 | 0 | 0 |
| AMC NETWORKS INC | CL A | 00164V103 |  | 125400 | 20000 | SH | Call | SOLE |  | 20000 | 0 | 0 |
| AMC NETWORKS INC | CL A | 00164V103 |  | 78375 | 12500 | SH | Put | SOLE |  | 12500 | 0 | 0 |
| AMG CAPITAL TRUST II CONV PFD USD2.5750(5.15) | EQUITY | 00170F209 |  | 0 | 35570 | SH |  | SOLE |  | 35570 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 13423300 | 179336 | SH |  | SOLE |  | 179336 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 567480 | 4000 | SH | Call | SOLE |  | 4000 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 5731548 | 40400 | SH | Put | SOLE |  | 40400 | 0 | 0 |
| APPLIED DIGITAL CORP | COM NEW | 038169207 |  | 100700 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| APPLIED OPTOELECTRONICS INC | COM | 03823U102 |  | 408471 | 15900 | SH | Call | SOLE |  | 15900 | 0 | 0 |
| APPLIED OPTOELECTRONICS INC | COM | 03823U102 |  | 377643 | 14700 | SH | Put | SOLE |  | 14700 | 0 | 0 |
| ARBOR REALTY TRUST INC | COM | 038923108 |  | 146590 | 13700 | SH | Call | SOLE |  | 13700 | 0 | 0 |
| ARES ACQUISITION CORP II | *W EXP 99/99/999 | G33033120 |  | 28710 | 26100 | SH |  | SOLE |  | 26100 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | COM SHS | 04271T100 |  | 35400 | 6000 | SH | Call | SOLE |  | 6000 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | COM SHS | 04271T100 |  | 35990 | 6100 | SH | Put | SOLE |  | 6100 | 0 | 0 |
| ARRY 2 7/8 07/01/31 | FIXED INCOME | 04271TAC4 |  | 1685076 | 1715000 | PRN |  | SOLE |  | 1715000 | 0 | 0 |
| AST SPACEMOBILE INC | COM CL A | 00217D100 |  | 336456 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| AST SPACEMOBILE INC | COM CL A | 00217D100 |  | 17005047 | 363900 | SH | Call | SOLE |  | 363900 | 0 | 0 |
| AST SPACEMOBILE INC | COM CL A | 00217D100 |  | 8738510 | 187000 | SH | Put | SOLE |  | 187000 | 0 | 0 |
| ASTS 4 1/4 03/01/32 | FIXED INCOME | 00217DAA8 |  | 2000312 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| AVEPOINT INC | *W EXP 09/18/202 | 053604112 |  | 2191 | 282 | SH |  | SOLE |  | 282 | 0 | 0 |
| BBAI 6 12/15/29 | FIXED INCOME | 08975BAC3 |  | 3105963 | 1500000 | PRN |  | SOLE |  | 1500000 | 0 | 0 |
| BIGBEAR AI HLDGS INC | COM | 08975B109 |  | 4126650 | 607754 | SH |  | SOLE |  | 607754 | 0 | 0 |
| BIGBEAR AI HLDGS INC | COM | 08975B109 |  | 4027828 | 593200 | SH | Call | SOLE |  | 593200 | 0 | 0 |
| BIGBEAR AI HLDGS INC | COM | 08975B109 |  | 8076026 | 1189400 | SH | Put | SOLE |  | 1189400 | 0 | 0 |
| BITDEER TECHNOLOGIES GROUP | NOTE  8.500% 8/1 | 09175RAA8 |  | 3175383 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| BITDEER TECHNOLOGIES GROUP | CL A ORD SHS | G11448100 |  | 218120 | 19000 | SH | Call | SOLE |  | 19000 | 0 | 0 |
| BOEING CO | DEP CONV PFD A | 097023204 |  | 5537376 | 81432 | SH |  | SOLE |  | 81432 | 0 | 0 |
| BRIGHTSPRING HEALTH SVCS INC | UNIT 02/01/2027 | 10950A205 |  | 3720363 | 45068 | SH |  | SOLE |  | 45068 | 0 | 0 |
| BRIGHTSPRING HEALTH SVCS INC | COM | 10950A106 |  | 94360 | 4000 | SH | Put | SOLE |  | 4000 | 0 | 0 |
| BROOKDALE SR LIVING INC | FIXED INCOME | 11247C202 |  | 0 | 36720 | PRN |  | SOLE |  | 36720 | 0 | 0 |
| BTDR 4 7/8 07/01/31 | FIXED INCOME | 09175RAD2 |  | 1450469 | 1500000 | PRN |  | SOLE |  | 1500000 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 1968288 | 69996 | SH |  | SOLE |  | 69996 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 3655600 | 130000 | SH | Put | SOLE |  | 130000 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 421800 | 15000 | SH | Call | SOLE |  | 15000 | 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 |  | 28053980 | 580907 | SH |  | SOLE |  | 580907 | 0 | 0 |
| CINEMARK HLDGS INC | COM | 17243V102 |  | 271620 | 9000 | SH | Call | SOLE |  | 9000 | 0 | 0 |
| CINEMARK HLDGS INC | COM | 17243V102 |  | 1886250 | 62500 | SH | Put | SOLE |  | 62500 | 0 | 0 |
| CLEANSPARK INC | COM NEW | 18452B209 |  | 55150 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| CLSK 0 06/15/30 | FIXED INCOME | 18452BAA8 |  | 1959839 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| COMPOSECURE INC | COM CL A | 20459V105 |  | 264892 | 18800 | SH | Call | SOLE |  | 18800 | 0 | 0 |
| COMPOSECURE INC | *W EXP 12/27/202 | 20459V113 |  | 10348781 | 1655805 | SH |  | SOLE |  | 1655805 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 4595244 | 269200 | SH | Call | SOLE |  | 269200 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 1734312 | 101600 | SH | Put | SOLE |  | 101600 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | *W EXP 01/23/202 | 21874A114 |  | 28382426 | 2618305 | SH |  | SOLE |  | 2618305 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | *W EXP 01/23/202 | 21874A130 |  | 579891 | 33695 | SH |  | SOLE |  | 33695 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 81530 | 500 | SH | Put | SOLE |  | 500 | 0 | 0 |
| CORZ 3 09/01/29 | FIXED INCOME | 21874AAC0 |  | 1714283 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| ENOVIX CORPORATION | COM | 293594107 |  | 2411288 | 233200 | SH | Call | SOLE |  | 233200 | 0 | 0 |
| ENOVIX CORPORATION | COM | 293594107 |  | 8272 | 800 | SH | Put | SOLE |  | 800 | 0 | 0 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 5647360 | 1103000 | SH | Put | SOLE |  | 1103000 | 0 | 0 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 348672 | 68100 | SH | Call | SOLE |  | 68100 | 0 | 0 |
| EOSE 6 3/4 06/15/30 | FIXED INCOME | 29415CAA9 |  | 5628612 | 5050000 | PRN |  | SOLE |  | 5050000 | 0 | 0 |
| EPR PPTYS | PFD C CV 5.75% | 26884U208 |  | 21577218 | 861366 | SH |  | SOLE |  | 861366 | 0 | 0 |
| FAZE HOLDINGS INC. 11.5000EXP03/01/2028 | WARR | 31423J110 |  | 0 | 242802 | SH |  | SOLE |  | 242802 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 226765 | 20900 | SH | Call | SOLE |  | 20900 | 0 | 0 |
| GAMESTOP CORP NEW | CL A | 36467W109 |  | 3234114 | 132600 | SH | Put | SOLE |  | 132600 | 0 | 0 |
| GME 0 06/15/32 | FIXED INCOME | 36467WAF6 |  | 3749630 | 3500000 | PRN |  | SOLE |  | 3500000 | 0 | 0 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 106371 | 12340 | SH |  | SOLE |  | 12340 | 0 | 0 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 107750 | 12500 | SH | Put | SOLE |  | 12500 | 0 | 0 |
| IREN 3 1/2 12/15/29 | FIXED INCOME | 46270CAC3 |  | 2592168 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| JBLU 2 1/2 09/01/29 | FIXED INCOME | 477143AQ4 |  | 4335772 | 4697000 | PRN |  | SOLE |  | 4697000 | 0 | 0 |
| JETBLUE AWYS CORP | COM | 477143101 |  | 1203012 | 284400 | SH | Call | SOLE |  | 284400 | 0 | 0 |
| JETBLUE AWYS CORP | COM | 477143101 |  | 767322 | 181400 | SH | Put | SOLE |  | 181400 | 0 | 0 |
| KKR  CO INC | 6.25 CON SER D | 48251W500 |  | 277541 | 5178 | SH |  | SOLE |  | 5178 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 665150 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| LCID 5 04/01/30 | FIXED INCOME | 549498AC7 |  | 4602719 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| LEHMAN BROTHERS HOLDINGS INC. CONV PFD 5.2500 03/06/2032 | EQUITY | 525ESC810 |  | 0 | 2366 | SH |  | SOLE |  | 2366 | 0 | 0 |
| LI AUTO INC | SPONSORED ADS | 50202M102 |  | 170793 | 6300 | SH | Call | SOLE |  | 6300 | 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 |  | 66132 | 1296708 | SH |  | SOLE |  | 1296708 | 0 | 0 |
| LUCID GROUP INC | COM | 549498103 |  | 1899422 | 900200 | SH | Put | SOLE |  | 900200 | 0 | 0 |
| LUCID GROUP INC | COM | 549498103 |  | 168800 | 80000 | SH | Call | SOLE |  | 80000 | 0 | 0 |
| MARA 0 03/01/30 | FIXED INCOME | 565788AE6 |  | 3135905 | 3500000 | PRN |  | SOLE |  | 3500000 | 0 | 0 |
| MARA HOLDINGS INC | COM | 565788106 |  | 156800 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| MAXEON SOLAR TECHNOLOGIES LT | SHS NEW | Y58473128 |  | 306000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| MAXEON SOLAR TECHNOLOGIES LT | SHS NEW | Y58473128 |  | 26622 | 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 |
| MICROSTRATEGY INC | NOTE  0.875% 3/1 | 594972AL5 |  | 4265147 | 2250000 | PRN |  | SOLE |  | 2250000 | 0 | 0 |
| MICROSTRATEGY INC | CL A NEW | 594972408 |  | 404230 | 1000 | SH | Put | SOLE |  | 1000 | 0 | 0 |
| MICROSTRATEGY INC | CL A NEW | 594972408 |  | 808460 | 2000 | SH | Call | SOLE |  | 2000 | 0 | 0 |
| MIDDLEBY CORP | COM | 596278101 |  | 950400 | 6600 | SH | Call | SOLE |  | 6600 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 99810 | 3000 | SH | Call | SOLE |  | 3000 | 0 | 0 |
| MSTR 0 03/01/30 | FIXED INCOME | 594972AT8 |  | 1171095 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 17150 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 101400 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| NOVAVAX INC | COM NEW | 670002401 |  | 921098 | 146206 | SH |  | SOLE |  | 146206 | 0 | 0 |
| NOVAVAX INC | COM NEW | 670002401 |  | 17640 | 2800 | SH | Call | SOLE |  | 2800 | 0 | 0 |
| NOVAVAX INC | COM NEW | 670002401 |  | 749070 | 118900 | SH | Put | SOLE |  | 118900 | 0 | 0 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 238151 | 6020 | SH |  | SOLE |  | 6020 | 0 | 0 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 249228 | 6300 | SH | Call | SOLE |  | 6300 | 0 | 0 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 261096 | 6600 | SH | Put | SOLE |  | 6600 | 0 | 0 |
| PAGAYA TECHNOLOGIES LTD | CL A NEW | M7S64L123 |  | 255669 | 11992 | SH |  | SOLE |  | 11992 | 0 | 0 |
| PAGAYA TECHNOLOGIES LTD | CL A NEW | M7S64L123 |  | 213200 | 10000 | SH | Put | SOLE |  | 10000 | 0 | 0 |
| PARSONS CORP DEL | NOTE  0.250% 8/1 | 70202LAB8 |  | 22212550 | 13935000 | PRN |  | SOLE |  | 13935000 | 0 | 0 |
| PAYONEER GLOBAL INC | COM | 70451X104 |  | 145220 | 21200 | SH |  | SOLE |  | 21200 | 0 | 0 |
| PAYONEER GLOBAL INC | COM | 70451X104 |  | 145905 | 21300 | SH | Put | SOLE |  | 21300 | 0 | 0 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 3275822 | 244100 | SH | Call | SOLE |  | 244100 | 0 | 0 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 233508 | 17400 | SH | Put | SOLE |  | 17400 | 0 | 0 |
| PLUG POWER INC | COM NEW | 72919P202 |  | 28310 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| PSQ HOLDINGS INC | CL A | 693691107 |  | 7175 | 3500 | SH | Call | SOLE |  | 3500 | 0 | 0 |
| PSQ HOLDINGS INC | CL A | 693691107 |  | 205 | 100 | SH | Put | SOLE |  | 100 | 0 | 0 |
| PSQ HOLDINGS INC | *W EXP 07/19/202 | 693691115 |  | 114275 | 544165 | SH |  | SOLE |  | 544165 | 0 | 0 |
| QXO INC | 5.50 DEP PFD | 82846H504 |  | 972499 | 15688 | SH |  | SOLE |  | 15688 | 0 | 0 |
| RENEW ENERGY GLOBAL PLC | *W EXP 08/21/202 | G7500M120 |  | 8819 | 65326 | SH |  | SOLE |  | 65326 | 0 | 0 |
| RIOT 3/4 01/15/30 | FIXED INCOME | 767292AA3 |  | 2334859 | 2250000 | PRN |  | SOLE |  | 2250000 | 0 | 0 |
| RIOT PLATFORMS INC | COM | 767292105 |  | 113000 | 10000 | SH | Put | SOLE |  | 10000 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 888978 | 64700 | SH | Call | SOLE |  | 64700 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 68700 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 2035410 | 6500 | SH | Put | SOLE |  | 6500 | 0 | 0 |
| SEA LTD | NOTE  2.375%12/0 | 81141RAF7 |  | 10653586 | 6000000 | PRN |  | SOLE |  | 6000000 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 511808 | 3200 | SH | Put | SOLE |  | 3200 | 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 |
| SHIFT4 PMTS INC | 6 SER A CNV PREF | 82452J307 |  | 4378176 | 38005 | SH |  | SOLE |  | 38005 | 0 | 0 |
| SHIFT4 PMTS INC | CL A | 82452J109 |  | 485639 | 4900 | SH | Put | SOLE |  | 4900 | 0 | 0 |
| SPIRIT AEROSYSTEMS HLDGS INC | COM CL A | 848574109 |  | 137340 | 3600 | SH | Call | SOLE |  | 3600 | 0 | 0 |
| SPIRIT AEROSYSTEMS HLDGS INC | COM CL A | 848574109 |  | 381500 | 10000 | SH | Put | SOLE |  | 10000 | 0 | 0 |
| STARWOOD PPTY TR INC | NOTE  6.750% 7/1 | 85571BBA2 |  | 5905911 | 5607000 | PRN |  | SOLE |  | 5607000 | 0 | 0 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 130455 | 6500 | SH | Call | SOLE |  | 6500 | 0 | 0 |
| STEM INC | COM NEW | 85859N300 |  | 93450 | 15000 | SH | Call | SOLE |  | 15000 | 0 | 0 |
| SUNRUN INC | COM | 86771W105 |  | 122700 | 15000 | SH | Put | SOLE |  | 15000 | 0 | 0 |
| TERAWULF INC | COM | 88080T104 |  | 43800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| TERAWULF INC | COM | 88080T104 |  | 43800 | 10000 | SH | Put | SOLE |  | 10000 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 39109 | 15100 | SH | Call | SOLE |  | 15100 | 0 | 0 |
| TRUMP MEDIA  TECHNOLOGY GRO | COM | 25400Q105 |  | 72160 | 4000 | SH | Put | SOLE |  | 4000 | 0 | 0 |
| TXNM ENERGY INC | NOTE  5.750% 6/0 | 69349HAF4 |  | 1301046 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| UCOMMUNE INTERNATIONAL LTD | *W EXP 11/01/202 | G9449A118 |  | 408 | 48592 | SH |  | SOLE |  | 48592 | 0 | 0 |
| UPHEALTH INC 11.5000EXP07/01/2024 | WARR | 91532B119 |  | 0 | 61593 | SH |  | SOLE |  | 61593 | 0 | 0 |
| UPSTART 2 - 10/1/29 | FIXED INCOME | 91680MAC1 |  | 3269900 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| VINFAST AUTO LTD | *W EXP 08/11/202 | Y9390M111 |  | 9228 | 33558 | SH |  | SOLE |  | 33558 | 0 | 0 |
| WAYFAIR INC | NOTE  3.500%11/1 | 94419LAR2 |  | 3381359 | 2500000 | PRN |  | SOLE |  | 2500000 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 122736 | 2400 | SH | Call | SOLE |  | 2400 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 25570 | 500 | SH | Put | SOLE |  | 500 | 0 | 0 |
| WEBULL CORP | ORD SHS | G9572D103 |  | 3997953 | 334277 | SH |  | SOLE |  | 334277 | 0 | 0 |
| WEBULL CORP | ORD SHS | G9572D103 |  | 4293640 | 359000 | SH | Call | SOLE |  | 359000 | 0 | 0 |
| WEBULL CORP | ORD SHS | G9572D103 |  | 6076876 | 508100 | SH | Put | SOLE |  | 508100 | 0 | 0 |
| WEBULL CORP | *W EXP 04/10/203 | G9572D111 |  | 5122942 | 1268055 | SH |  | SOLE |  | 1268055 | 0 | 0 |
| WTS/A SPAC II ACQUISITION CORP EXP10/15/2026 | WARR | G0543H117 |  | 220 | 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 |  | 0 | 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 |  | 0 | 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 |  | 0 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| WTS/PMV CONSUMER ACQUISITION C EXP08/31/2027 | WARR | 693486110 |  | 6 | 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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