Worth Venture Partners, LLC Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	BILL HOLDINGS INC	7,500,000	$6,691	21.2%	$0.89	—	NOTE 4/0	090043AF7
—	GOSSAMER BIO INC	15,752,000	$6,475	20.5%	$0.41	—	NOTE 5.000% 6/0	38341PAA0
—	FIVE9 INC	5,000,000	$4,361	13.8%	$0.87	—	NOTE 1.000% 3/1	338307AF8
VXX	BARCLAYS BANK PLC	17,174	$613	1.9%	$35.70	—	IPATH S&P 500 SH	06748M196
CECO	CECO ENVIRONMENTAL CORP	7,515	$448	1.4%	$68.79	0.0%	COM	125141101
ENPH	ENPHASE ENERGY INC	8,580	$324	1.0%	$41.25	0.0%	COM	29355A107
INN	SUMMIT HOTEL PPTYS	65,000	$287	0.9%	$4.42	—	COM	866082100
VPG	VISHAY PRECISION GROUP INC	5,925	$257	0.8%	$46.22	0.0%	COM	92835K103
LGIH	LGI HOMES INC	6,300	$249	0.8%	$52.95	0.0%	COM	50187T106
WULF	TERAWULF INC	15,730	$227	0.7%	$14.58	0.0%	COM	88080T104
SM	SM ENERGY COMPANY	7,150	$223	0.7%	$19.89	0.0%	COM	78454L100
SMRT	SMARTRENT INC	115,000	$173	0.5%	$1.72	0.0%	COM CL A	83193G107
SVCO	SILVACO GROUP INC	24,310	$172	0.5%	$4.14	0.0%	COM	82728C102
FOSL	FOSSIL GROUP INC	30,745	$133	0.4%	$3.89	0.0%	COM	34988V106
QUIK	QUICKLOGIC CORP	12,870	$121	0.4%	$7.64	0.0%	COM NEW	74837P405
CREX	CREATIVE REALITIES INC	28,620	$98	0.3%	$3.23	0.0%	COM	22530J309
TII	TITAN MNG CORP	32,175	$96	0.3%	$3.83	0.0%	COM SHS NEW	88831L202
KOPN	KOPIN CORP	39,325	$88	0.3%	$2.59	0.0%	COM	500600101
UROY	URANIUM RTY CORP	17,875	$65	0.2%	$4.33	0.0%	COM	91702V101
USAS	AMERICAS GOLD AND SILVER COR	10,010	$52	0.2%	$7.32	0.0%	COM NEW	03062D803
BZAI	BLAIZE HLDGS INC	28,600	$52	0.2%	$1.64	0.0%	COM	092915107
URG	UR-ENERGY INC	10,725	$16	0.1%	$1.71	0.0%	COM	91688R108

Increased Positions (21)

UAMY UNITED STATES ANTIMONY CORP 1.2%

Value ($000) $390 (+234.7%) Shares 44,650 (+92.5%) Est. Cost $8.05 Unrealized +2.6%

TYGO TIGO ENERGY INC 0.7%

Value ($000) $231 (+208.4%) Shares 61,425 (+13.2%) Est. Cost $2.12 Unrealized +41.1%

WSR WHITESTONE REIT 1.1%

Value ($000) $360 (+69.5%) Shares 22,300 (+45.8%) Est. Cost $14.60 Unrealized —

ELME ELME COMMUNITIES 0.8%

Value ($000) $255 (-31.8%) Shares 127,000 (+490.7%) Est. Cost $4.38 Unrealized —

AHRT AH RLTY TR INC 1.0%

Value ($000) $312 (+55.7%) Shares 56,800 (+87.5%) Est. Cost $7.50 Unrealized —

NB NIOCORP DEVS LTD 0.7%

Value ($000) $223 (+68.7%) Shares 49,934 (+100.5%) Est. Cost $4.70 Unrealized +34.0%

CSR CENTERSPACE 1.8%

Value ($000) $563 (+12.5%) Shares 9,800 (+30.7%) Est. Cost $64.54 Unrealized —

NFGC NEW FOUND GOLD CORP 0.5%

Value ($000) $149 (-28.0%) Shares 76,690 (+10.3%) Est. Cost $2.50 Unrealized +18.5%

INDI INDIE SEMICONDUCTOR INC 1.2%

Value ($000) $381 (+11.4%) Shares 118,200 (+22.2%) Est. Cost $4.14 Unrealized -4.4%

HPP HUDSON PACIFIC PROPERTIES IN 0.5%

Value ($000) $172 (+24.7%) Shares 29,157 (+128.6%) Est. Cost $8.06 Unrealized —

LMND LEMONADE INC 1.0%

Value ($000) $316 (+9.9%) Shares 5,043 (+24.8%) Est. Cost $54.04 Unrealized +39.3%

AIV APARTMENT INVT & MGMT CO 0.7%

Value ($000) $236 (-10.6%) Shares 57,900 (+30.4%) Est. Cost $6.96 Unrealized —

COLD AMERICOLD REALTY TRUST INC 1.5%

Value ($000) $488 (+5.7%) Shares 42,600 (+18.7%) Est. Cost $12.35 Unrealized —

CTO CTO RLTY GROWTH INC NEW 1.8%

Value ($000) $558 (+3.9%) Shares 30,202 (+3.4%) Est. Cost $19.14 Unrealized —

SRG SERITAGE GROWTH PPTYS 1.2%

Value ($000) $378 (-4.3%) Shares 134,523 (+10.7%) Est. Cost $3.87 Unrealized -14.4%

AREC AMERICAN RES CORP 0.3%

Value ($000) $108 (+16.1%) Shares 44,776 (+19.0%) Est. Cost $1.51 Unrealized +120.8%

MEC MAYVILLE ENGR CO INC 0.9%

Value ($000) $271 (+5.5%) Shares 15,110 (+10.0%) Est. Cost $16.62 Unrealized +19.0%

BHR BRAEMAR HOTELS & RESORTS INC 1.1%

Value ($000) $334 (-4.0%) Shares 141,700 (+16.7%) Est. Cost $2.72 Unrealized —

SPWR SUNPOWER INC 0.5%

Value ($000) $152 (-8.2%) Shares 120,025 (+13.5%) Est. Cost $1.68 Unrealized -2.1%

STRW STRAWBERRY FIELDS REIT INC 0.7%

Value ($000) $227 (-4.1%) Shares 19,061 (+5.5%) Est. Cost $10.81 Unrealized —

NG NOVAGOLD RESOURCES INC 0.8%

Value ($000) $258 (-2.2%) Shares 28,779 (+1.5%) Est. Cost $6.18 Unrealized +66.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UAMY	UNITED STATES ANTIMONY CORP	44,650 (+92.5%)	$390 (+234.7%)	1.2%	$8.05	+2.6%	COM	911549103
TYGO	TIGO ENERGY INC	61,425 (+13.2%)	$231 (+208.4%)	0.7%	$2.12	+41.1%	COM	88675P103
WSR	WHITESTONE REIT	22,300 (+45.8%)	$360 (+69.5%)	1.1%	$14.60	—	COM	966084204
ELME	ELME COMMUNITIES	127,000 (+490.7%)	$255 (-31.8%)	0.8%	$4.38	—	SH BEN INT	939653101
AHRT	AH RLTY TR INC	56,800 (+87.5%)	$312 (+55.7%)	1.0%	$7.50	—	COM	04208T108
NB	NIOCORP DEVS LTD	49,934 (+100.5%)	$223 (+68.7%)	0.7%	$4.70	+34.0%	COM NEW	654484609
CSR	CENTERSPACE	9,800 (+30.7%)	$563 (+12.5%)	1.8%	$64.54	—	COM	15202L107
NFGC	NEW FOUND GOLD CORP	76,690 (+10.3%)	$149 (-28.0%)	0.5%	$2.50	+18.5%	COM	64440N103
INDI	INDIE SEMICONDUCTOR INC	118,200 (+22.2%)	$381 (+11.4%)	1.2%	$4.14	-4.4%	CLASS A COM	45569U101
HPP	HUDSON PACIFIC PROPERTIES IN	29,157 (+128.6%)	$172 (+24.7%)	0.5%	$8.06	—	COM	444097406
LMND	LEMONADE INC	5,043 (+24.8%)	$316 (+9.9%)	1.0%	$54.04	+39.3%	COM	52567D107
AIV	APARTMENT INVT & MGMT CO	57,900 (+30.4%)	$236 (-10.6%)	0.7%	$6.96	—	CL A	03748R747
COLD	AMERICOLD REALTY TRUST INC	42,600 (+18.7%)	$488 (+5.7%)	1.5%	$12.35	—	COM	03064D108
CTO	CTO RLTY GROWTH INC NEW	30,202 (+3.4%)	$558 (+3.9%)	1.8%	$19.14	—	COM	22948Q101
SRG	SERITAGE GROWTH PPTYS	134,523 (+10.7%)	$378 (-4.3%)	1.2%	$3.87	-14.4%	CL A	81752R100
AREC	AMERICAN RES CORP	44,776 (+19.0%)	$108 (+16.1%)	0.3%	$1.51	+120.8%	CL A	02927U208
MEC	MAYVILLE ENGR CO INC	15,110 (+10.0%)	$271 (+5.5%)	0.9%	$16.62	+19.0%	COM	578605107
BHR	BRAEMAR HOTELS & RESORTS INC	141,700 (+16.7%)	$334 (-4.0%)	1.1%	$2.72	—	COM	10482B101
SPWR	SUNPOWER INC	120,025 (+13.5%)	$152 (-8.2%)	0.5%	$1.68	-2.1%	COM	20460L104
STRW	STRAWBERRY FIELDS REIT INC	19,061 (+5.5%)	$227 (-4.1%)	0.7%	$10.81	—	COM	863182101
NG	NOVAGOLD RESOURCES INC	28,779 (+1.5%)	$258 (-2.2%)	0.8%	$6.18	+66.4%	COM NEW	66987E206

Exited Positions (19)

AIOT POWERFLEET INC 1.1%

Value ($000) $337 Shares 63,290 Est. Cost $4.85 Unrealized -0.2%

SEZL SEZZLE INC 1.0%

Value ($000) $328 Shares 5,173 Est. Cost $98.58 Unrealized -31.6%

DAVE DAVE INC 1.0%

Value ($000) $304 Shares 1,375 Est. Cost $167.09 Unrealized +12.5%

RDCM RADCOM LTD 0.7%

Value ($000) $227 Shares 17,365 Est. Cost $10.52 Unrealized +17.4%

LPTH LIGHTPATH TECHNOLOGIES INC 0.7%

Value ($000) $211 Shares 19,555 Est. Cost $8.10 Unrealized +44.5%

RDW REDWIRE CORPORATION 0.6%

Value ($000) $192 Shares 25,225 Est. Cost $7.34 Unrealized +38.6%

UUUU ENERGY FUELS INC 0.6%

Value ($000) $189 Shares 13,020 Est. Cost $16.97 Unrealized +27.3%

ARLO ARLO TECHNOLOGIES INC 0.6%

Value ($000) $189 Shares 13,500 Est. Cost $17.00 Unrealized -24.7%

PERI PERION NETWORK LTD 0.6%

Value ($000) $185 Shares 19,339 Est. Cost $9.58 Unrealized -6.4%

NPWR NET POWER INC 0.6%

Value ($000) $183 Shares 80,250 Est. Cost $2.73 Unrealized -14.5%

UMAC UNUSUAL MACHS INC 0.5%

Value ($000) $149 Shares 11,705 Est. Cost $10.53 Unrealized +38.4%

OPRX OPTIMIZERX CORP 0.4%

Value ($000) $132 Shares 10,750 Est. Cost $15.86 Unrealized -31.8%

TE T1 ENERGY INC 0.4%

Value ($000) $129 Shares 19,305 Est. Cost $4.41 Unrealized +72.0%

VUZI VUZIX CORP 0.4%

Value ($000) $122 Shares 32,175 Est. Cost $2.36 Unrealized +23.9%

PLUG PLUG POWER INC 0.4%

Value ($000) $114 Shares 57,800 Est. Cost $2.14 Unrealized +0.4%

AMPX AMPRIUS TECHNOLOGIES INC 0.3%

Value ($000) $86 Shares 10,875 Est. Cost $11.43 Unrealized -5.0%

DPRO DRAGANFLY INC. 0.2%

Value ($000) $74 Shares 10,725 Est. Cost $8.44 Unrealized -3.0%

LUNG PULMONX CORP 0.2%

Value ($000) $72 Shares 32,525 Est. Cost $1.88 Unrealized -7.8%

CRNT CERAGON NETWORKS LTD 0.1%

Value ($000) $46 Shares 22,138 Est. Cost $2.20 Unrealized +3.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AIOT	POWERFLEET INC	63,290	$337	1.1%	$4.85	-0.2%	—	73931J109
SEZL	SEZZLE INC	5,173	$328	1.0%	$98.58	-31.6%	—	78435P105
DAVE	DAVE INC	1,375	$304	1.0%	$167.09	+12.5%	—	23834J201
RDCM	RADCOM LTD	17,365	$227	0.7%	$10.52	+17.4%	—	M81865111
LPTH	LIGHTPATH TECHNOLOGIES INC	19,555	$211	0.7%	$8.10	+44.5%	—	532257805
RDW	REDWIRE CORPORATION	25,225	$192	0.6%	$7.34	+38.6%	—	75776W103
UUUU	ENERGY FUELS INC	13,020	$189	0.6%	$16.97	+27.3%	—	292671708
ARLO	ARLO TECHNOLOGIES INC	13,500	$189	0.6%	$17.00	-24.7%	—	04206A101
PERI	PERION NETWORK LTD	19,339	$185	0.6%	$9.58	-6.4%	—	M78673114
NPWR	NET POWER INC	80,250	$183	0.6%	$2.73	-14.5%	—	64107A105
UMAC	UNUSUAL MACHS INC	11,705	$149	0.5%	$10.53	+38.4%	—	91532F102
OPRX	OPTIMIZERX CORP	10,750	$132	0.4%	$15.86	-31.8%	—	68401U204
TE	T1 ENERGY INC	19,305	$129	0.4%	$4.41	+72.0%	—	35834F104
VUZI	VUZIX CORP	32,175	$122	0.4%	$2.36	+23.9%	—	92921W300
PLUG	PLUG POWER INC	57,800	$114	0.4%	$2.14	+0.4%	—	72919P202
AMPX	AMPRIUS TECHNOLOGIES INC	10,875	$86	0.3%	$11.43	-5.0%	—	03214Q108
DPRO	DRAGANFLY INC.	10,725	$74	0.2%	$8.44	-3.0%	—	26142Q304
LUNG	PULMONX CORP	32,525	$72	0.2%	$1.88	-7.8%	—	745848101
CRNT	CERAGON NETWORKS LTD	22,138	$46	0.1%	$2.20	+3.6%	—	M22013102

Decreased Positions (10)

APPS DIGITAL TURBINE INC 0.2%

Value ($000) $62 (-85.5%) Shares 21,423 (-74.8%) Est. Cost $5.02 Unrealized -4.8%

YCBD CBDMD INC 0.4%

Value ($000) $137 (-62.1%) Shares 184,796 (-31.1%) Est. Cost $1.01 Unrealized -8.7%

NOK NOKIA CORP 0.9%

Value ($000) $287 (-42.0%) Shares 35,750 (-53.3%) Est. Cost $6.11 Unrealized —

OPRA OPERA LTD 1.4%

Value ($000) $448 (-30.1%) Shares 31,405 (-30.6%) Est. Cost $19.36 Unrealized —

ZETA ZETA GLOBAL HOLDINGS CORP 0.6%

Value ($000) $202 (-39.9%) Shares 12,680 (-23.2%) Est. Cost $17.96 Unrealized +7.0%

ALCO ALICO INC 0.8%

Value ($000) $262 (-28.4%) Shares 6,338 (-36.9%) Est. Cost $27.94 Unrealized +42.4%

ADTN ADTRAN HOLDINGS INC 1.9%

Value ($000) $615 (+17.0%) Shares 48,908 (-19.1%) Est. Cost $8.59 Unrealized +11.5%

ALM ALMONTY INDS INC 2.2%

Value ($000) $681 (+12.6%) Shares 47,012 (-31.5%) Est. Cost $5.12 Unrealized +132.3%

VIAV VIAVI SOLUTIONS INC 1.1%

Value ($000) $352 (+19.5%) Shares 10,576 (-36.0%) Est. Cost $11.00 Unrealized +108.8%

PPTA PERPETUA RESOURCES CORP 1.5%

Value ($000) $458 (+6.9%) Shares 16,294 (-8.0%) Est. Cost $14.59 Unrealized +107.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APPS	DIGITAL TURBINE INC	21,423 (-74.8%)	$62 (-85.5%)	0.2%	$5.02	-4.8%	COM NEW	25400W102
YCBD	CBDMD INC	184,796 (-31.1%)	$137 (-62.1%)	0.4%	$1.01	-8.7%	COM SHS	12482W408
NOK	NOKIA CORP	35,750 (-53.3%)	$287 (-42.0%)	0.9%	$6.11	—	SPONSORED ADR	654902204
OPRA	OPERA LTD	31,405 (-30.6%)	$448 (-30.1%)	1.4%	$19.36	—	SPONSORED ADS	68373M107
ZETA	ZETA GLOBAL HOLDINGS CORP	12,680 (-23.2%)	$202 (-39.9%)	0.6%	$17.96	+7.0%	CL A	98956A105
ALCO	ALICO INC	6,338 (-36.9%)	$262 (-28.4%)	0.8%	$27.94	+42.4%	COM	016230104
ADTN	ADTRAN HOLDINGS INC	48,908 (-19.1%)	$615 (+17.0%)	1.9%	$8.59	+11.5%	COM	00486H105
ALM	ALMONTY INDS INC	47,012 (-31.5%)	$681 (+12.6%)	2.2%	$5.12	+132.3%	COM NEW	020398707
VIAV	VIAVI SOLUTIONS INC	10,576 (-36.0%)	$352 (+19.5%)	1.1%	$11.00	+108.8%	COM	925550105
PPTA	PERPETUA RESOURCES CORP	16,294 (-8.0%)	$458 (+6.9%)	1.5%	$14.59	+107.6%	COM	714266103

Unchanged Positions (2)

WY WEYERHAEUSER CO 0.8%

Value ($000) $237 Shares 9,700 Est. Cost $25.12 Unrealized -5.3%

CUBE CUBESMART 0.7%

Value ($000) $227 Shares 6,200 Est. Cost $42.17 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WY	WEYERHAEUSER CO	9,700	$237	0.8%	$25.12	-5.3%	COM NEW	962166104
CUBE	CUBESMART	6,200	$227	0.7%	$42.17	—	COM	229663109