# EDGAR Filing Document

**Accession Number:** 0001838556
**File Stem:** 0001838556-25-000005
**Filing Date:** 2025-8
**Character Count:** 9944
**Document Hash:** 2d392c0adee24615208617a0294c7160
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001838556-25-000005.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001838556-25-000005

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Murchinson Ltd.
- **CENTRAL INDEX KEY:** 0001838556

**ORGANIZATION NAME:**
- **EIN:** 811321967
- **STATE OF INCORPORATION:** A6

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21332
- **FILM NUMBER:** 251220403

**BUSINESS ADDRESS:**
- **STREET 1:** 145 ADELAIDE STREET WEST
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 4E5
- **BUSINESS PHONE:** (416) 845-0666

**MAIL ADDRESS:**
- **STREET 1:** 145 ADELAIDE STREET WEST
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H 4E5

### 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:** Murchinson Ltd.<br>**Address:** 145 ADELAIDE STREET WEST<br>TORONTO, A6 M5H 4E5

**Form 13F File Number:** 028-21332

**CRD Number (if applicable):** 000310138

**SEC File Number (if applicable):** 802-119462

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:** Marc J. Bistricer<br>**Title:** Chief Executive Officer<br>**Phone:** 416-845-0666

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

/s/ Marc J. Bistricer  Toronto A6, A6  08-14-2025<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:** 62

**Form 13F Information Table Value Total:** $282417114

      (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 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 3547500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ADVISORSHARES TR | PURE US CANNABIS | 00768Y453 |  | 1617833 | 671300 | SH |  | SOLE |  | 671300 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 7317338 | 41250 | SH |  | SOLE |  | 41250 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 |  | 7485552 | 21313 | SH |  | SOLE |  | 21313 | 0 | 0 |
| AST SPACEMOBILE INC | COM CL A | 00217D100 |  | 1168250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 |  | 3343019 | 106874 | SH |  | SOLE |  | 106874 | 0 | 0 |
| AZEK CO INC | CL A | 05478C105 |  | 5435000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| BARK INC | COM | 68622E104 |  | 360633 | 410043 | SH |  | SOLE |  | 410043 | 0 | 0 |
| BAYVIEW ACQUISITION CORP | RIGHT 99/99/9999 | 07323B118 |  | 72558 | 250201 | SH |  | SOLE |  | 250201 | 0 | 0 |
| BEYOND INC | COM | 690370101 |  | 165120 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| BEYOND MEAT INC | COM | 08862E109 |  | 2928808 | 839200 | SH | Put | SOLE |  | 839200 | 0 | 0 |
| BEYOND MEAT INC | NOTE 3/1 | 08862EAB5 |  | 1129570 | 13000000 | PRN |  | SOLE |  | 13000000 | 0 | 0 |
| BIOXCEL THERAPEUTICS INC | COM NEW | 09075P204 |  | 145919 | 80618 | SH |  | SOLE |  | 80618 | 0 | 0 |
| CANOPY GROWTH CORP | COM NEW | 138035704 |  | 183000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| CEA INDUSTRIES INC | COM | 86887P309 |  | 266303 | 26520 | SH |  | SOLE |  | 26520 | 0 | 0 |
| CHILDRENS PL INC NEW | COM | 168905107 |  | 265725 | 59983 | SH |  | SOLE |  | 59983 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 1140000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 1427052 | 83600 | SH |  | SOLE |  | 83600 | 0 | 0 |
| ECOVYST INC | COM | 27923Q109 |  | 1219686 | 148200 | SH |  | SOLE |  | 148200 | 0 | 0 |
| ENOVIX CORPORATION | COM | 293594107 |  | 382580 | 37000 | SH |  | SOLE |  | 37000 | 0 | 0 |
| ENSTAR GROUP LIMITED | SHS | G3075P101 |  | 15710652 | 46709 | SH |  | SOLE |  | 46709 | 0 | 0 |
| ETF OPPORTUNITIES TRUST | T REX 2X LONG MS | 26923N462 |  | 594039 | 68675 | SH |  | SOLE |  | 68675 | 0 | 0 |
| GANNETT CO INC | COM | 36472T109 |  | 1933200 | 540000 | SH |  | SOLE |  | 540000 | 0 | 0 |
| GEN DIGITAL INC | RIGHT 99/99/9999 | 668771116 |  | 894783 | 111569 | SH |  | SOLE |  | 111569 | 0 | 0 |
| GLOBAL PMTS INC | NOTE  1.500% 3/0 | 37940XAU6 |  | 4511500 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| GLOBALSTAR INC | COM NEW | 378973507 |  | 329700 | 14000 | SH | Call | SOLE |  | 14000 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 |  | 278213 | 40734 | SH |  | SOLE |  | 40734 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 3544407 | 25584 | SH |  | SOLE |  | 25584 | 0 | 0 |
| HIGH TIDE INC | COM NEW | 42981E401 |  | 398369 | 173204 | SH |  | SOLE |  | 173204 | 0 | 0 |
| INHIBRX BIOSCIENCES INC | COM | 45720N103 |  | 482183 | 33790 | SH |  | SOLE |  | 33790 | 0 | 0 |
| IONQ INC | *W EXP 10/01/202 | 46222L116 |  | 922811 | 29277 | SH |  | SOLE |  | 29277 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE  3.750% 3/1 | 531229AP7 |  | 263355 | 250000 | PRN |  | SOLE |  | 250000 | 0 | 0 |
| LUCAS GC LTD | SHS | G57037106 |  | 107000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 543720 | 118200 | SH | Put | SOLE |  | 118200 | 0 | 0 |
| LUMINAR TECHNOLOGIES INC | COM NEW CL A | 550424303 |  | 143500 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| MARATHON BANCORP INC | COM NEW | 565759206 |  | 227168 | 22808 | SH |  | SOLE |  | 22808 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 4382550 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| MICROALGO INC | ORD SHS | G6077Y301 |  | 152730 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 2667427 | 17877 | SH |  | SOLE |  | 17877 | 0 | 0 |
| NANO DIMENSION LTD | SPONSORD ADS NEW | 63008G203 |  | 25191000 | 15550000 | SH |  | SOLE |  | 15550000 | 0 | 0 |
| OMNIAB INC | COM | 68218J103 |  | 874889 | 502810 | SH |  | SOLE |  | 502810 | 0 | 0 |
| ORAMED PHARMACEUTICALS INC | COM NEW | 68403P203 |  | 3941008 | 1751559 | SH |  | SOLE |  | 1751559 | 0 | 0 |
| RADIUS RECYCLING INC | CL A | 806882106 |  | 207830 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| REDFIN CORP | COM | 75737F108 |  | 3189732 | 285052 | SH |  | SOLE |  | 285052 | 0 | 0 |
| REDWOOD TRUST INC | NOTE  7.750% 6/1 | 758075AF2 |  | 997310 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| RITHM PPTY TR INC | COM | 38983D300 |  | 194098 | 71888 | SH |  | SOLE |  | 71888 | 0 | 0 |
| SKECHERS U S A INC | CL A | 830566105 |  | 3155000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SOUTH BOW CORP | COM | 83671M105 |  | 31910756 | 1231600 | SH |  | SOLE |  | 1231600 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 15241500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 92677500 | 150000 | SH | Call | SOLE |  | 150000 | 0 | 0 |
| SPIRIT AEROSYSTEMS HLDGS INC | COM CL A | 848574109 |  | 1907500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SPIRIT AVIATION HLDGS INC | COM | 84863V101 |  | 1518247 | 304258 | SH |  | SOLE |  | 304258 | 0 | 0 |
| SPRINGWORKS THERAPEUTICS INC | COM | 85205L107 |  | 2349500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SURMODICS INC | COM | 868873100 |  | 1571659 | 52900 | SH |  | SOLE |  | 52900 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1588300 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| TILRAY BRANDS INC | COM | 88688T100 |  | 164000 | 400000 | SH | Put | SOLE |  | 400000 | 0 | 0 |
| TRUMP MEDIA  TECHNOLOGY GRO | COM | 25400Q105 |  | 2706108 | 150006 | SH |  | SOLE |  | 150006 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 9710000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| VIZSLA SILVER CORP | COM NEW | 92859G608 |  | 4933784 | 1670000 | SH |  | SOLE |  | 1670000 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 206640 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| XPLR INFRASTRUCTURE LP | COM UNIT PART IN | 65341B106 |  | 410000 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| XPLR INFRASTRUCTURE LP | COM UNIT PART IN | 65341B106 |  | 82000 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |

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