Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ATON	ALPHATON CAPITAL CORP	2,072,103	$655K	1.5%	$0.32	—	SHS	G7185A136
BCTXL	BRIACELL THERAPEUTICS CORP	380,686	$392K	0.9%	$1.03	—	*W	107930125
DSY	BIG TREE CLOUD HLDGS LTD	137,611	$337K	0.7%	$2.45	—	CL A	G1263B132
BCTX	BRIACELL THERAPEUTICS CORP	73,915	$310K	0.7%	$4.99	0.0%	COM	107930307
—	SIDUS SPACE INC	1,049	$243K	0.5%	—	—	PUT	826165951
TC	TOKEN CAT LTD	23,239	$242K	0.5%	$10.40	—	ADS	89856T401
MBRX	MOLECULIN BIOTECH INC	75,021	$172K	0.4%	$3.99	0.0%	COM	60855D408
RKDA	ARCADIA BIOSCIENCES INC	114,554	$158K	0.4%	$2.08	0.0%	COM	039014303
TRX	TRX GOLD CORP	100,000	$150K	0.3%	$1.41	0.0%	COM	87283P109
CANF	CAN FITE BIOFARMA LTD	42,559	$132K	0.3%	$3.10	—	ADR	13471N409
SXTC	CHINA SXT PHARMACEUTICALS INC	78,170	$131K	0.3%	$1.68	—	CL A	G2161P165
REVB	REVELATION BIOSCIENCES INC	99,432	$119K	0.3%	$2.36	0.0%	COM	76135L804
CLDI	CALIDI BIOTHERAPEUTICS INC	434,903	$104K	0.2%	$0.96	0.0%	COM	320703408
BJDX	BLUEJAY DIAGNOSTICS INC	28,726	$52,856	0.1%	$2.79	0.0%	COM	095633608

Increased Positions (6)

— SPDR S&P 500 ETF 64.5%

Value $29.07M (+22.1%) Shares 447 (+28.1%) Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF 3.9%

Value $1.778M (+678.3%) Shares 2,734 (+716.1%) Est. Cost $654.21 Unrealized —

BDRX BIODEXA PHARMACEUTICALS PLC 0.4%

Value $159K (-63.2%) Shares 257,472 (+35.0%) Est. Cost $1.84 Unrealized —

SNES SENESTECH INC 0.8%

Value $358K (-20.5%) Shares 218,533 (+3.8%) Est. Cost $3.67 Unrealized -43.7%

INM INMED PHARMACEUTICALS INC 0.3%

Value $142K (-33.5%) Shares 220,260 (+9.2%) Est. Cost $2.29 Unrealized -54.8%

— ZEVRA THERAPEUTICS INC 0.7%

Value $317K (+8.2%) Shares 340 (+4.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR S&P 500 ETF	447 (+28.1%)	$29.07M (+22.1%)	64.5%	—	—	PUT	78462F953
SPY	SPDR S&P 500 ETF	2,734 (+716.1%)	$1.778M (+678.3%)	3.9%	$654.21	—	ETF	78462F103
BDRX	BIODEXA PHARMACEUTICALS PLC	257,472 (+35.0%)	$159K (-63.2%)	0.4%	$1.84	—	ADS	59564R880
SNES	SENESTECH INC	218,533 (+3.8%)	$358K (-20.5%)	0.8%	$3.67	-43.7%	COM	81720R604
INM	INMED PHARMACEUTICALS INC	220,260 (+9.2%)	$142K (-33.5%)	0.3%	$2.29	-54.8%	COM	457637700
—	ZEVRA THERAPEUTICS INC	340 (+4.0%)	$317K (+8.2%)	0.7%	—	—	PUT	488445956

Exited Positions (19)

— ISHARES TR 30.8%

Value $13.88M Shares 564 Est. Cost — Unrealized —

— BIG TREE CLOUD HLDGS LTD 3.5%

Value $1.572M Shares 5,769,988 Est. Cost $25.60 Unrealized -80.5%

EMPD EMPERY DIGITAL INC 3.5%

Value $1.561M Shares 341,857 Est. Cost $7.80 Unrealized -44.3%

BLNK BLINK CHARGING CO 3.1%

Value $1.418M Shares 2,125,958 Est. Cost $1.45 Unrealized -47.7%

— BITCOIN DEPOT INC 2.9%

Value $1.292M Shares 1,001,384 Est. Cost $15.34 Unrealized -51.2%

ABVX ABIVAX SA 2.1%

Value $947K Shares 7,026 Est. Cost $134.85 Unrealized —

— REVELATION BIOSCIENCES INC 1.1%

Value $484K Shares 605,702 Est. Cost $1.01 Unrealized —

ZONE CLEANCORE SOLUTIONS INC 0.8%

Value $377K Shares 1,448,598 Est. Cost $0.84 Unrealized -60.4%

JZXN JIUZI HOLDINGS INC 0.7%

Value $325K Shares 187,951 Est. Cost $1.73 Unrealized —

GVH GLOBAVEND HOLDINGS LIMITED 0.6%

Value $257K Shares 178,645 Est. Cost $4.28 Unrealized -71.8%

TIRX TIAN RUIXIANG HLDGS LTD 0.5%

Value $226K Shares 624,551 Est. Cost $0.36 Unrealized —

NVA NOVA MINERALS LTD 0.4%

Value $182K Shares 29,858 Est. Cost $6.10 Unrealized —

NUWE NUWELLIS INC 0.3%

Value $156K Shares 89,685 Est. Cost $4.39 Unrealized -46.5%

— EPICQUEST EDUCATN GRP INTL L 0.3%

Value $147K Shares 667,108 Est. Cost $0.44 Unrealized —

— REVIVA PHARMACEUTCLS HLDGS INC 0.3%

Value $115K Shares 4,113 Est. Cost — Unrealized —

PMCB PHARMACYTE BIOTECH INC 0.2%

Value $72,400 Shares 100,000 Est. Cost $0.90 Unrealized -10.9%

OGEN ORAGENICS INC 0.1%

Value $48,355 Shares 61,740 Est. Cost $1.26 Unrealized -36.3%

LMFA LM FDG AMER INC 0.0%

Value $11,745 Shares 26,459 Est. Cost $1.93 Unrealized -79.3%

— EOS ENERGY ENTERPRISES INC 0.0%

Value $1,626 Shares 3,251 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES TR	564	$13.88M	30.8%	—	—	CALL	464287905
—	BIG TREE CLOUD HLDGS LTD	5,769,988	$1.572M	3.5%	$25.60	-80.5%	—	G1263B108
EMPD	EMPERY DIGITAL INC	341,857	$1.561M	3.5%	$7.80	-44.3%	—	92864V608
BLNK	BLINK CHARGING CO	2,125,958	$1.418M	3.1%	$1.45	-47.7%	—	09354A100
—	BITCOIN DEPOT INC	1,001,384	$1.292M	2.9%	$15.34	-51.2%	—	09174P105
ABVX	ABIVAX SA	7,026	$947K	2.1%	$134.85	—	—	00370M103
—	REVELATION BIOSCIENCES INC	605,702	$484K	1.1%	$1.01	—	—	76135L705
ZONE	CLEANCORE SOLUTIONS INC	1,448,598	$377K	0.8%	$0.84	-60.4%	—	184492106
JZXN	JIUZI HOLDINGS INC	187,951	$325K	0.7%	$1.73	—	—	G51400151
GVH	GLOBAVEND HOLDINGS LIMITED	178,645	$257K	0.6%	$4.28	-71.8%	—	G3R39B116
TIRX	TIAN RUIXIANG HLDGS LTD	624,551	$226K	0.5%	$0.36	—	—	G8884K136
NVA	NOVA MINERALS LTD	29,858	$182K	0.4%	$6.10	—	—	66982D104
NUWE	NUWELLIS INC	89,685	$156K	0.3%	$4.39	-46.5%	—	67113Y702
—	EPICQUEST EDUCATN GRP INTL L	667,108	$147K	0.3%	$0.44	—	—	G3104J100
—	REVIVA PHARMACEUTCLS HLDGS INC	4,113	$115K	0.3%	—	—	PUT	76152G950
PMCB	PHARMACYTE BIOTECH INC	100,000	$72,400	0.2%	$0.90	-10.9%	—	71715X203
OGEN	ORAGENICS INC	61,740	$48,355	0.1%	$1.26	-36.3%	—	684023609
LMFA	LM FDG AMER INC	26,459	$11,745	0.0%	$1.93	-79.3%	—	502074503
—	EOS ENERGY ENTERPRISES INC	3,251	$1,626	0.0%	—	—	PUT	29415C951

Decreased Positions (8)

— ISHARES TR 16.5%

Value $7.44M (-53.5%) Shares 300 (-53.8%) Est. Cost — Unrealized —

— ABIVAX SA 1.9%

Value $857K (-60.3%) Shares 77 (-51.9%) Est. Cost — Unrealized —

LYRA LYRA THERAPEUTICS INC 0.1%

Value $51,103 (-90.5%) Shares 104,059 (-40.6%) Est. Cost $7.39 Unrealized -72.5%

TPST TEMPEST THERAPEUTICS INC 0.1%

Value $29,284 (-94.3%) Shares 17,856 (-90.0%) Est. Cost $7.07 Unrealized -63.3%

CPOP POP CULTURE GROUP CO LTD 0.4%

Value $201K (-49.9%) Shares 664,449 (-30.5%) Est. Cost $1.07 Unrealized -62.2%

— GEVO INC 3.2%

Value $1.434M (+14.3%) Shares 5,252 (-16.3%) Est. Cost — Unrealized —

BNBX BNB PLUS CORP 0.0%

Value $8,666 (-87.0%) Shares 13,541 (-74.9%) Est. Cost $3.19 Unrealized -61.5%

BCTXZ BRIACELL THERAPEUTICS CORP 0.1%

Value $28,945 (-62.5%) Shares 206,753 (-22.3%) Est. Cost $1.06 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES TR	300 (-53.8%)	$7.44M (-53.5%)	16.5%	—	—	PUT	464287955
—	ABIVAX SA	77 (-51.9%)	$857K (-60.3%)	1.9%	—	—	CALL	00370M903
LYRA	LYRA THERAPEUTICS INC	104,059 (-40.6%)	$51,103 (-90.5%)	0.1%	$7.39	-72.5%	COM	55234L204
TPST	TEMPEST THERAPEUTICS INC	17,856 (-90.0%)	$29,284 (-94.3%)	0.1%	$7.07	-63.3%	COM	87978U207
CPOP	POP CULTURE GROUP CO LTD	664,449 (-30.5%)	$201K (-49.9%)	0.4%	$1.07	-62.2%	SHS	G71700119
—	GEVO INC	5,252 (-16.3%)	$1.434M (+14.3%)	3.2%	—	—	PUT	374396956
BNBX	BNB PLUS CORP	13,541 (-74.9%)	$8,666 (-87.0%)	0.0%	$3.19	-61.5%	COM	03815U607
BCTXZ	BRIACELL THERAPEUTICS CORP	206,753 (-22.3%)	$28,945 (-62.5%)	0.1%	$1.06	—	*W	107930117