# EDGAR Filing Document

**Accession Number:** 0001597506
**File Stem:** 0001597506-25-000004
**Filing Date:** 2025-11
**Character Count:** 23367
**Document Hash:** 20cbfdab85d09670e1cff3e14d01d609
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001597506-25-000004.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0001597506-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**EFFECTIVENESS DATE**: 20251106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Warberg Asset Management LLC
- **CENTRAL INDEX KEY:** 0001597506

**ORGANIZATION NAME:**
- **EIN:** 264016610
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20991
- **FILM NUMBER:** 251456302

**BUSINESS ADDRESS:**
- **STREET 1:** 716 OAK STREET
- **CITY:** WINNETKA
- **STATE:** IL
- **ZIP:** 60093
- **BUSINESS PHONE:** 847-418-8333

**MAIL ADDRESS:**
- **STREET 1:** 716 OAK STREET
- **CITY:** WINNETKA
- **STATE:** IL
- **ZIP:** 60093

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Warberg Asset Management LLC<br>**Address:** 716 OAK STREET<br>WINNETKA, IL 60093

**Form 13F File Number:** 028-20991

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:** Daniel I Warsh<br>**Title:** Managing Member<br>**Phone:** 4802069849

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

Daniel Warsh  Winnetka, IL  11-06-2025<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:** 188

**Form 13F Information Table Value Total:** $626893434

      (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 |
| STEREOTAXIS INC | COM NEW | 85916J409 |  | 3291332 | 1049867 | SH |  | SOLE |  | 1049867 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | NOTE 1.000% 9/1 | 02043QAB3 |  | 4945080 | 3000000 | PRN |  | SOLE |  | 0 | 0 | 3000000 |
| AMERICAN WTR CAP CORP | NOTE 3.625% 6/1 | 03040WBE4 |  | 2546717 | 2541000 | PRN |  | SOLE |  | 0 | 0 | 2541000 |
| APOLLO GLOBAL MGMT INC | SER A MAND CNV | 03769M304 |  | 272543 | 3873 | SH |  | SOLE |  | 3873 | 0 | 0 |
| AXON ENTERPRISE INC | NOTE 0.500%12/1 | 05464CAB7 |  | 19717787 | 6280000 | PRN |  | SOLE |  | 0 | 0 | 6280000 |
| BOEING CO | DEP CONV PFD A | 097023204 |  | 516080 | 7399 | SH |  | SOLE |  | 7399 | 0 | 0 |
| BOX INC | NOTE 1/1 | 10316TAB0 |  | 14097550 | 11302000 | PRN |  | SOLE |  | 0 | 0 | 11302000 |
| CENTERPOINT ENERGY INC | NOTE 4.250% 8/1 | 15189TBD8 |  | 3331544 | 3000000 | PRN |  | SOLE |  | 0 | 0 | 3000000 |
| CHART INDS INC | 6.75DP CNV PFD B | 16115Q407 |  | 2369354 | 33343 | SH |  | SOLE |  | 33343 | 0 | 0 |
| CNX RES CORP | NOTE 2.250% 5/0 | 12653CAG3 |  | 19950359 | 7976000 | PRN |  | SOLE |  | 0 | 0 | 7976000 |
| EPR PPTYS | PFD C CV 5.75% | 26884U208 |  | 3606437 | 142350 | SH |  | SOLE |  | 142350 | 0 | 0 |
| EPR PPTYS | CONV PFD 9% SR E | 26884U307 |  | 589068 | 18417 | SH |  | SOLE |  | 18417 | 0 | 0 |
| EVERGY INC | NOTE 4.500%12/1 | 30034WAD8 |  | 635122 | 505000 | PRN |  | SOLE |  | 0 | 0 | 505000 |
| EXPEDIA GROUP INC | NOTE 2/1 | 30212PBE4 |  | 2809753 | 2782000 | PRN |  | SOLE |  | 0 | 0 | 2782000 |
| FORD MTR CO | NOTE 3/1 | 345370CZ1 |  | 4114442 | 4058000 | PRN |  | SOLE |  | 0 | 0 | 4058000 |
| GREENBRIER COS INC | NOTE 2.875% 4/1 | 393657AM3 |  | 1558598 | 1451000 | PRN |  | SOLE |  | 0 | 0 | 1451000 |
| HALOZYME THERAPEUTICS INC | NOTE 1.000% 8/1 | 40637HAF6 |  | 7247350 | 5142000 | PRN |  | SOLE |  | 0 | 0 | 5142000 |
| IMAX CORP | NOTE 0.500% 4/0 | 45245EAJ8 |  | 327495 | 277000 | PRN |  | SOLE |  | 0 | 0 | 277000 |
| INTEGER HLDGS CORP | NOTE 2.125% 2/1 | 45826HAB5 |  | 13562539 | 10405000 | PRN |  | SOLE |  | 0 | 0 | 10405000 |
| ITRON INC | NOTE 3/1 | 465741AN6 |  | 1605802 | 1513000 | PRN |  | SOLE |  | 0 | 0 | 1513000 |
| LIBERTY MEDIA CORP DEL | NOTE 2.250% 8/1 | 531229AQ5 |  | 955034 | 719000 | PRN |  | SOLE |  | 0 | 0 | 719000 |
| LIVE NATION ENTERTAINMENT IN | NOTE 3.125% 1/1 | 538034BA6 |  | 17133553 | 10564000 | PRN |  | SOLE |  | 0 | 0 | 10564000 |
| MACOM TECH SOLUTIONS HLDGS I | NOTE 0.250% 3/1 | 55405YAB6 |  | 10879132 | 7174000 | PRN |  | SOLE |  | 0 | 0 | 7174000 |
| MICROCHIP TECHNOLOGY INC. | NOTE 1.625% 2/1 | 595017AF1 |  | 16713900 | 9096000 | PRN |  | SOLE |  | 0 | 0 | 9096000 |
| NEXTERA ENERGY CAP HLDGS INC | NOTE 3.000% 3/0 | 65339KCY4 |  | 465994 | 394000 | PRN |  | SOLE |  | 0 | 0 | 394000 |
| NUTANIX INC | NOTE 0.250%10/0 | 67059NAH1 |  | 1042372 | 757000 | PRN |  | SOLE |  | 0 | 0 | 757000 |
| PORCH GROUP INC | DEBT 9.000% 5/1 | 733245AD6 |  | 4492080 | 3000000 | PRN |  | SOLE |  | 0 | 0 | 3000000 |
| POST HLDGS INC | NOTE 2.500% 8/1 | 737446AT1 |  | 9433366 | 8390000 | PRN |  | SOLE |  | 0 | 0 | 8390000 |
| PPL CAP FDG INC | NOTE 2.875% 3/1 | 69352PAS2 |  | 692181 | 606000 | PRN |  | SOLE |  | 0 | 0 | 606000 |
| PROGRESS SOFTWARE CORP | NOTE 1.000% 4/1 | 743312AB6 |  | 6603831 | 6606000 | PRN |  | SOLE |  | 0 | 0 | 6606000 |
| RENEW ENERGY GLOBAL PLC | *W EXP 08/21/202 | G7500M120 |  | 1418 | 31092 | SH |  | SOLE |  | 31092 | 0 | 0 |
| SEA LTD | NOTE 2.375%12/0 | 81141RAF7 |  | 23908839 | 12103000 | PRN |  | SOLE |  | 0 | 0 | 12103000 |
| SEAGATE HDD CAYMAN | NOTE 3.500% 6/0 | 81180WBL4 |  | 26180470 | 9091000 | PRN |  | SOLE |  | 0 | 0 | 9091000 |
| SPOTIFY USA INC | NOTE 3/1 | 84921RAB6 |  | 8337938 | 6091000 | PRN |  | SOLE |  | 0 | 0 | 6091000 |
| STRAN  COMPANY INC | *W EXP 99/99/999 | 86260J110 |  | 4394 | 66371 | SH |  | SOLE |  | 66371 | 0 | 0 |
| STRIDE INC | NOTE 1.125% 9/0 | 86333MAA6 |  | 9995009 | 3537000 | PRN |  | SOLE |  | 0 | 0 | 3537000 |
| SOUTHERN CO | NOTE 3.875%12/1 | 842587DP9 |  | 5351252 | 4747000 | PRN |  | SOLE |  | 0 | 0 | 4747000 |
| TYLER TEX INDPT SCH DIST | NOTE 0.250% 3/1 | 902252AB1 |  | 6641564 | 6044000 | PRN |  | SOLE |  | 0 | 0 | 6044000 |
| UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 |  | 487276 | 331000 | PRN |  | SOLE |  | 0 | 0 | 331000 |
| VENTAS RLTY LTD PARTNERSHIP | NOTE 3.750% 6/0 | 92277GAZ0 |  | 8649749 | 6696000 | PRN |  | SOLE |  | 0 | 0 | 6696000 |
| WESTERN DIGITAL CORP | NOTE 3.000%11/1 | 958102AT2 |  | 22564671 | 7038000 | PRN |  | SOLE |  | 0 | 0 | 7038000 |
| WISDOMTREE INC | NOTE 3.250% 6/1 | 97717PAD6 |  | 6443750 | 5000000 | PRN |  | SOLE |  | 0 | 0 | 5000000 |
| WISDOMTREE INC | NOTE 3.250% 8/1 | 97717PAH7 |  | 3259375 | 2500000 | PRN |  | SOLE |  | 0 | 0 | 2500000 |
| WORKIVA INC | NOTE 1.125% 8/1 | 98139AAB1 |  | 9630388 | 8170000 | PRN |  | SOLE |  | 0 | 0 | 8170000 |
| AERIES TECHNOLOGY INC | *W EXP 11/06/202 | G0136H110 |  | 2846 | 70787 | SH |  | SOLE |  | 70787 | 0 | 0 |
| ANGHAMI INC | *W EXP 02/03/202 | G0369L119 |  | 546 | 40409 | SH |  | SOLE |  | 40409 | 0 | 0 |
| SMX SEC MATTERS PLC | *W EXP 03/07/202 | G8267K117 |  | 1403 | 57750 | SH |  | SOLE |  | 57750 | 0 | 0 |
| AIRJOULE TECHNOLOGIES CORP | *W EXP 03/15/202 | 612160119 |  | 11840 | 14800 | SH |  | SOLE |  | 14800 | 0 | 0 |
| APOLLOMICS INC | *W EXP 04/01/202 | G0411D115 |  | 1663 | 87049 | SH |  | SOLE |  | 87049 | 0 | 0 |
| AUTONOMIX MED INC | COM NEW | 05330T205 |  | 12241 | 11334 | SH |  | SOLE |  | 11334 | 0 | 0 |
| BT BRANDS INC | *W EXP 11/12/202 | 0557MQ115 |  | 2979 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CARBON REVOLUTION LTD | *W EXP 99/99/999 | G1893D110 |  | 1097 | 46472 | SH |  | SOLE |  | 46472 | 0 | 0 |
| CIBUS INC | CL A COM STK | 17166A101 |  | 38700 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | *W EXP 01/23/202 | 21874A114 |  | 2239357 | 192550 | SH |  | SOLE |  | 192550 | 0 | 0 |
| FLYEXCLUSIVE INC | *W EXP 99/99/999 | 343928115 |  | 22225 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| GCM GROSVENOR INC | *W EXP 11/17/202 | 36831E116 |  | 353789 | 592488 | SH |  | SOLE |  | 592488 | 0 | 0 |
| HUB CYBER SECURITY LTD | *W EXP 02/27/202 | M6000J127 |  | 3158 | 162771 | SH |  | SOLE |  | 162771 | 0 | 0 |
| I-80 GOLD CORP | *W EXP 11/16/202 | 44955L155 |  | 130433 | 289852 | SH |  | SOLE |  | 289852 | 0 | 0 |
| INNOVATIVE INDL PPTYS INC | PUT | 45781V951 |  | 803700 | 15000 | SH | Put | SOLE |  | 15000 | 0 | 0 |
| INTELLIGENT BIO SOLUTIONS IN | COM | 36151G600 |  | 45587 | 44693 | SH |  | SOLE |  | 44693 | 0 | 0 |
| INTENSITY THERAPEUTICS INC | COM | 45828J103 |  | 14562 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| MEDICUS PHARMA LTD | *W EXP 11/15/202 | 58471K111 |  | 12386 | 17203 | SH |  | SOLE |  | 17203 | 0 | 0 |
| NEXTPLAT CORP | *W EXP 06/02/202 | 68557F118 |  | 1618 | 34060 | SH |  | SOLE |  | 34060 | 0 | 0 |
| NOBLE CORP PLC | *W EXP 02/04/202 | G65431150 |  | 384900 | 47198 | SH |  | SOLE |  | 47198 | 0 | 0 |
| OCCIDENTAL PETE CORP | PUT | 674599955 |  | 259875 | 5500 | SH | Put | SOLE |  | 5500 | 0 | 0 |
| P3 HEALTH PARTNERS INC | *W EXP 11/19/202 | 744413113 |  | 2717 | 292107 | SH |  | SOLE |  | 292107 | 0 | 0 |
| PG CORP | CALL | 69331C908 |  | 738920 | 49000 | SH | Call | SOLE |  | 49000 | 0 | 0 |
| RIGETTI COMPUTING INC | PUT | 76655K953 |  | 1185642 | 39800 | SH | Put | SOLE |  | 39800 | 0 | 0 |
| SAVERONE 2014 LTD | *W EXP 06/02/202 | 80516T113 |  | 3473 | 125826 | SH |  | SOLE |  | 125826 | 0 | 0 |
| SILYNXCOM LTD | COM SHS | M8T145100 |  | 37690 | 25466 | SH |  | SOLE |  | 25466 | 0 | 0 |
| TRILLER GROUP INC | *W EXP 03/15/202 | 895970119 |  | 1605 | 30450 | SH |  | SOLE |  | 30450 | 0 | 0 |
| ABACUS GLOBAL MGMT INC | PUT | 00258Y954 |  | 91680 | 16000 | SH | Put | SOLE |  | 16000 | 0 | 0 |
| ACM RESH INC | CALL | 00108J909 |  | 352170 | 9000 | SH | Call | SOLE |  | 9000 | 0 | 0 |
| AMPRIUS TECHNOLOGIES INC | *W EXP 09/14/202 | 03214Q116 |  | 106140 | 29000 | SH |  | SOLE |  | 29000 | 0 | 0 |
| APPLE INC | PUT | 037833950 |  | 2546300 | 10000 | SH | Put | SOLE |  | 10000 | 0 | 0 |
| BARCLAYS BANK PLC | IPATH S 500 SH | 06748M196 |  | 231980 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| BIOVIE INC | *W EXP 08/08/203 | 09074F173 |  | 124669 | 281483 | SH |  | SOLE |  | 281483 | 0 | 0 |
| BORR DRILLING LTD | CALL | G1466R903 |  | 49765 | 18500 | SH | Call | SOLE |  | 18500 | 0 | 0 |
| CALIDI BIOTHERAPEUTICS INC | COM | 320703408 |  | 28432 | 18705 | SH |  | SOLE |  | 18705 | 0 | 0 |
| CANTALOUPE INC | PUT | 138103956 |  | 2920491 | 276300 | SH | Put | SOLE |  | 276300 | 0 | 0 |
| CARVANA CO | PUT | 146869952 |  | 754480 | 2000 | SH | Put | SOLE |  | 2000 | 0 | 0 |
| CEA INDUSTRIES INC | *W EXP 02/11/202 | 86887P119 |  | 5597 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| CENTRUS ENERGY CORP | PUT | 15643U954 |  | 1550350 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| CID HOLDCO INC | *W EXP 12/31/202 | 171756117 |  | 57615 | 377800 | SH |  | SOLE |  | 377800 | 0 | 0 |
| CINEVERSE CORP | PUT | 172406958 |  | 40320 | 12000 | SH | Put | SOLE |  | 12000 | 0 | 0 |
| CIRCLE INTERNET GROUP INC | PUT | 172573957 |  | 662900 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| CONSTELLATION BRANDS INC | PUT | 21036P958 |  | 673350 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| CRITICAL METALS CORP | *W EXP 02/27/202 | G2662B111 |  | 21230 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| CURIS INC | COM | 231269309 |  | 72587 | 43727 | SH |  | SOLE |  | 43727 | 0 | 0 |
| DEFSEC TECHNOLOGIES INC | COM | 244778106 |  | 103062 | 28950 | SH |  | SOLE |  | 28950 | 0 | 0 |
| EON RESOURCES INC | COM CL A | 40472A102 |  | 30103 | 62068 | SH |  | SOLE |  | 62068 | 0 | 0 |
| EON RESOURCES INC | *W EXP 02/04/202 | 40472A128 |  | 31697 | 633940 | SH |  | SOLE |  | 633940 | 0 | 0 |
| EQUINIX INC | PUT | 29444U950 |  | 2349720 | 3000 | SH | Put | SOLE |  | 3000 | 0 | 0 |
| TIDAL TRUST I | PUT | 886364951 |  | 749700 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| GENERATION ESSENTIALS GROUP | *W EXP 02/15/202 | G38268119 |  | 5589 | 42664 | SH |  | SOLE |  | 42664 | 0 | 0 |
| INVESCO QQQ TR | PUT | 46090E953 |  | 30618870 | 51000 | SH | Put | SOLE |  | 51000 | 0 | 0 |
| IONQ INC | PUT | 46222L958 |  | 430500 | 7000 | SH | Put | SOLE |  | 7000 | 0 | 0 |
| ISHARES TR | PUT | 464287952 |  | 5362200 | 60000 | SH | Put | SOLE |  | 60000 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | PUT | 46438F951 |  | 2080000 | 32000 | SH | Put | SOLE |  | 32000 | 0 | 0 |
| ISHARES TR | PUT | 464288953 |  | 2435700 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| ISHARES SILVER TR | CALL | 46428Q909 |  | 847400 | 20000 | SH | Call | SOLE |  | 20000 | 0 | 0 |
| JOBY AVIATION INC | *W EXP 08/10/202 | G65163118 |  | 275366 | 45818 | SH |  | SOLE |  | 45818 | 0 | 0 |
| LIVEWIRE GROUP INC | *W EXP 09/26/202 | 53838J113 |  | 46060 | 634442 | SH |  | SOLE |  | 634442 | 0 | 0 |
| MICROSOFT CORP | PUT | 594918954 |  | 1035900 | 2000 | SH | Put | SOLE |  | 2000 | 0 | 0 |
| MOBILICOM LTD | *W EXP 08/31/202 | 60742B110 |  | 281761 | 64922 | SH |  | SOLE |  | 64922 | 0 | 0 |
| MODULAR MED INC | COM NEW | 60785L207 |  | 31470 | 44970 | SH |  | SOLE |  | 44970 | 0 | 0 |
| MURANO GLOBAL INVTS PLC | *W EXP 03/19/202 | G63369113 |  | 12057 | 82639 | SH |  | SOLE |  | 82639 | 0 | 0 |
| NAMIB MINERALS | *W EXP 06/05/203 | G63638111 |  | 22400 | 160000 | SH |  | SOLE |  | 160000 | 0 | 0 |
| NEOVOLTA INC | *W EXP 04/01/202 | 640655114 |  | 499480 | 249740 | SH |  | SOLE |  | 249740 | 0 | 0 |
| NEW ENGLAND RLTY ASSOC LTD P | DEPOSITRY RCPT | 644206104 |  | 826031 | 11414 | SH |  | SOLE |  | 11414 | 0 | 0 |
| NEXGEL INC | *W EXP 12/27/202 | 65344E115 |  | 50041 | 166860 | SH |  | SOLE |  | 166860 | 0 | 0 |
| NUSCALE PWR CORP | PUT | 67079K950 |  | 612000 | 17000 | SH | Put | SOLE |  | 17000 | 0 | 0 |
| NVIDIA CORPORATION | CALL | 67066G904 |  | 1865800 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| NVIDIA CORPORATION | PUT | 67066G954 |  | 1865800 | 10000 | SH | Put | SOLE |  | 10000 | 0 | 0 |
| OCCIDENTAL PETE CORP | *W EXP 08/03/202 | 674599162 |  | 11397013 | 449311 | SH |  | SOLE |  | 449311 | 0 | 0 |
| OKLO INC | CALL | 02156V909 |  | 334890 | 3000 | SH | Call | SOLE |  | 3000 | 0 | 0 |
| OKLO INC | PUT | 02156V959 |  | 558150 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | PUT | 683712953 |  | 159400 | 20000 | SH | Put | SOLE |  | 20000 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | PUT | 69608A958 |  | 6384700 | 35000 | SH | Put | SOLE |  | 35000 | 0 | 0 |
| PRAIRIE OPER CO | CALL | 739650909 |  | 226489 | 114100 | SH | Call | SOLE |  | 114100 | 0 | 0 |
| REIN THERAPEUTICS INC | COM NEW | 00887A204 |  | 12595 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| RICHTECH ROBOTICS INC | PUT | 765504955 |  | 128700 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| RIGETTI COMPUTING INC | *W EXP 03/02/202 | 76655K111 |  | 8225291 | 449224 | SH |  | SOLE |  | 449224 | 0 | 0 |
| ROBINHOOD MKTS INC | CALL | 770700902 |  | 1002260 | 7000 | SH | Call | SOLE |  | 7000 | 0 | 0 |
| SOLENO THERAPEUTICS INC | PUT | 834203959 |  | 608400 | 9000 | SH | Put | SOLE |  | 9000 | 0 | 0 |
| SPDR S 500 ETF TR | PUT | 78462F953 |  | 195856920 | 294000 | SH | Put | SOLE |  | 294000 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 322210 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| STRATEGY INC | PUT | 594972958 |  | 644420 | 2000 | SH | Put | SOLE |  | 2000 | 0 | 0 |
| STRIVE INC | CL A COM | 862945102 |  | 100000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| SYNERGY CHC CORP | COM NEW | 87165D208 |  | 81786 | 33519 | SH |  | SOLE |  | 33519 | 0 | 0 |
| US GOLDMINING INC | *W EXP 99/99/999 | 90291W116 |  | 49085 | 29217 | SH |  | SOLE |  | 29217 | 0 | 0 |
| USA RARE EARTH INC | *W EXP 03/13/203 | 91733P115 |  | 317588 | 44000 | SH |  | SOLE |  | 44000 | 0 | 0 |
| VANECK ETF TRUST | CALL | 92189F906 |  | 1604400 | 21000 | SH | Call | SOLE |  | 21000 | 0 | 0 |
| VEEA INC | COM | 693489122 |  | 11797 | 18900 | SH |  | SOLE |  | 18900 | 0 | 0 |
| A PARADISE ACQUISITION CORP | COM CL A | G04819101 |  | 247750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| A SPAC III ACQUISITION CORP | ORD SHS CL A | G0544A103 |  | 206800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| AA MISSION ACQUISITION CORP | ORD SHS CL A | G1000R101 |  | 706902 | 67196 | SH |  | SOLE |  | 67196 | 0 | 0 |
| ALEANNA INC | *W EXP 12/13/202 | 01444V111 |  | 23835 | 125382 | SH |  | SOLE |  | 125382 | 0 | 0 |
| ARCHIMEDES TECH SPAC PARTNER | ORD SHS | G04537109 |  | 102350 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| AXIOM INTELLIGENCE AC CORP 1 | ORD SHS CL A | G0750N104 |  | 239040 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| BLACK HAWK ACQUISITION CORP | USD CL A SHS | G1148A101 |  | 824695 | 74230 | SH |  | SOLE |  | 74230 | 0 | 0 |
| BLUE WTR ACQUISITION CORP. I | ORD SHS CL A | G1368E106 |  | 199600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| BTC DEV CORP | UNIT 09/11/2030 | G0701G125 |  | 191900 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| CAL REDWOOD ACQUISITION CORP | COM CL A | G17564108 |  | 499045 | 49900 | SH |  | SOLE |  | 49900 | 0 | 0 |
| CAYSON ACQUISITION CORP | SHS | G1993W109 |  | 180184 | 17226 | SH |  | SOLE |  | 17226 | 0 | 0 |
| CHAMPIONSGATE ACQUISITION CO | SHS CL A | G2124S108 |  | 348810 | 34742 | SH |  | SOLE |  | 34742 | 0 | 0 |
| CHARLTON ARIA ACQUISITION CO | ORD SHS CL A | G9877L107 |  | 1022169 | 98665 | SH |  | SOLE |  | 98665 | 0 | 0 |
| CHENGHE ACQUISITION III CO | UNIT 09/09/2030 | G2086N113 |  | 99800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| COLUMBUS CIRCLE CAP CORP. I | SHS CL A | G2296A109 |  | 187018 | 18480 | SH |  | SOLE |  | 18480 | 0 | 0 |
| COPLEY ACQUISITION CORP | ORD SHS CL A | G24243100 |  | 176088 | 17400 | SH |  | SOLE |  | 17400 | 0 | 0 |
| CSLM DIGITA ASSET ACQ CORP I | USD CL A ORD SHS | G2584S101 |  | 157093 | 15828 | SH |  | SOLE |  | 15828 | 0 | 0 |
| D. BORAL ARC ACQ I CORP. | SHS CL A | G2616F101 |  | 1390200 | 140000 | SH |  | SOLE |  | 140000 | 0 | 0 |
| DRUGS MADE IN AMER ACQUTN CO | ORD SHS | G2847J104 |  | 945405 | 92055 | SH |  | SOLE |  | 92055 | 0 | 0 |
| DUNE ACQUISITION CORP II | SHS CL A | G2867S109 |  | 297690 | 29416 | SH |  | SOLE |  | 29416 | 0 | 0 |
| EUREKA ACQUISITION CORP | SHS CL A | G32168109 |  | 168736 | 15783 | SH |  | SOLE |  | 15783 | 0 | 0 |
| FG MERGER II CORP | COM | 30334J102 |  | 149871 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| FG MERGER II CORP | RIGHT 02/11/2030 | 30334J128 |  | 6384 | 15200 | SH |  | SOLE |  | 15200 | 0 | 0 |
| FOUR LEAF ACQUISITION CORP | COM CL A | 35088F107 |  | 873218 | 75932 | SH |  | SOLE |  | 75932 | 0 | 0 |
| GLOBA TERRA ACQUISITION COR | CL A ORD SHS | G3933N116 |  | 362274 | 36300 | SH |  | SOLE |  | 36300 | 0 | 0 |
| INDIGO ACQUISITION CORP | ORD SHS | G4791J106 |  | 444782 | 44612 | SH |  | SOLE |  | 44612 | 0 | 0 |
| KEEN VISION ACQUISITION CORP | SHS | G52443119 |  | 533461 | 45988 | SH |  | SOLE |  | 45988 | 0 | 0 |
| KOCHAV DEFENSE ACQUI CO | SHS CL A | G5304D106 |  | 774316 | 77200 | SH |  | SOLE |  | 77200 | 0 | 0 |
| MCKINLEY ACQUISITION CORP | UNIT 07/25/2030 | G6005T127 |  | 349650 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| OAK WOODS ACQUISITION CORP | CL A | 67190B104 |  | 495696 | 41308 | SH |  | SOLE |  | 41308 | 0 | 0 |
| OPPFI INC | *W EXP 07/20/202 | 68386H111 |  | 253244 | 112553 | SH |  | SOLE |  | 112553 | 0 | 0 |
| ORIGIN INVT CORP I | ORD SHS | G67751100 |  | 840281 | 83610 | SH |  | SOLE |  | 83610 | 0 | 0 |
| ORIGIN INVT CORP I | *W EXP 06/27/203 | G67751126 |  | 3769 | 20937 | SH |  | SOLE |  | 20937 | 0 | 0 |
| OTG ACQUISITION CORP. I | UNIT 09/05/2030 | G6791A126 |  | 443080 | 44000 | SH |  | SOLE |  | 44000 | 0 | 0 |
| OYSTER ENTERPRISES II ACQUIS | ORD SHS CL A | G6861F104 |  | 100300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PANTAGES CAPITAL ACQUISITION | ORD SHS CL A | G8089R100 |  | 781709 | 76190 | SH |  | SOLE |  | 76190 | 0 | 0 |
| PELICAN ACQUISITION CORP | SHS | G6993G103 |  | 503000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| PERCEPTIVE CAP SOLUTIONS COR | CL A ORD SHS | G70077105 |  | 316071 | 29931 | SH |  | SOLE |  | 29931 | 0 | 0 |
| QUANTUMSPHERE ACQUISITION CO | UNIT 07/30/2030 | G7387B122 |  | 419595 | 41421 | SH |  | SOLE |  | 41421 | 0 | 0 |
| QUARTZSEA ACQUISITION CORP | ORD SHS | G7314B104 |  | 243120 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| RANGE CAP ACQUISITION CORP | ORD SHS | G7375C108 |  | 194001 | 18645 | SH |  | SOLE |  | 18645 | 0 | 0 |
| RF ACQUISITION CORP II | SHS | G75389109 |  | 408120 | 38000 | SH |  | SOLE |  | 38000 | 0 | 0 |
| RIBBON ACQUISITION CORP | ORD SHS CL A | G7552W109 |  | 182272 | 17800 | SH |  | SOLE |  | 17800 | 0 | 0 |
| RISING DRAGON ACQUISITION CO | SHS | G7576K107 |  | 479101 | 45979 | SH |  | SOLE |  | 45979 | 0 | 0 |
| ROMAN DBDR ACQUISITION CORP | ORD SHS CL A | G7633M104 |  | 246727 | 23910 | SH |  | SOLE |  | 23910 | 0 | 0 |
| SOLARIUS CAPITAL ACQU CORP | SHS CL A | G82617104 |  | 249500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| STONEBRIDGE ACQUISITION II C | UNIT 09/09/2030 | G85096124 |  | 274175 | 27500 | SH |  | SOLE |  | 27500 | 0 | 0 |
| TALON CAP CORP | UNIT 08/27/2030 | G86652115 |  | 602928 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| TAVIA ACQUISITION CORP | SHS | G86880104 |  | 1111713 | 107360 | SH |  | SOLE |  | 107360 | 0 | 0 |
| THAYER VENTURES ACQ CORP II | CL A | G87890102 |  | 448554 | 44699 | SH |  | SOLE |  | 44699 | 0 | 0 |
| TRANSLATIONAL DEV ACQUISITIO | COM CL A | G9008W105 |  | 759183 | 73422 | SH |  | SOLE |  | 73422 | 0 | 0 |
| UY SCUTI ACQUISITION CORP. | ORD SHS | G93Y0A104 |  | 148044 | 14600 | SH |  | SOLE |  | 14600 | 0 | 0 |
| VENDOME ACQUISITION CORP I | COM CL A | G9580A109 |  | 1376690 | 138500 | SH |  | SOLE |  | 138500 | 0 | 0 |
| WINTERGREEN ACQUISITION CORP | SHS | G9717M109 |  | 241198 | 23964 | SH |  | SOLE |  | 23964 | 0 | 0 |

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