Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LSAK	LESAKA TECHNOLOGIES INC	1,750,380	$8.997M	10.4%	$5.47	-9.2%	COMM	64107N206
—	TRAVELCENTERS OF AMERICA INC	147,152	$5.072M	5.9%	$51.15	—	COMM	89421B109
KVHI	KVH INDUSTRIES INC	571,500	$4.972M	5.7%	$10.04	-18.9%	COMM	482738101
INSE	INSPIRED ENTERTAINMENT INC	530,950	$4.571M	5.3%	$13.20	-22.8%	COMM	45782N108
SATS	ECHOSTAR HOLDING CORP-A	221,800	$4.281M	4.9%	$28.89	-21.8%	COMM	278768106
—	Bluegreen Vacations Holding Co	152,200	$3.799M	4.4%	$34.97	—	COMM	096308101
CNXXW	CONX CORP	231,600	$2.289M	2.6%	$9.88	—	WRNT	212873111
BW	BABCOCK & WILCOX ENTERPR	376,336	$2.269M	2.6%	$8.01	-12.6%	COMM	05614L209
—	SEQUANS COMMUNICATIONS-ADR	815,901	$2.195M	2.5%	$4.49	—	ADRS	817323207
TLT	ISHARES TR	19,000	$2.182M	2.5%	—	—	Call	464287432
—	ATLAS AIR WORLDWIDE HOLDINGS	30,958	$1.91M	2.2%	$94.12	—	COMM	049164205
YTRA	YATRA ONLINE INC	807,600	$1.817M	2.1%	$2.04	-12.4%	COMM	G98338109
—	BENEFITFOCUS INC	221,700	$1.725M	2.0%	$11.51	—	COMM	08180D106
UIS	UNISYS CORP	143,100	$1.721M	2.0%	$19.61	-28.1%	COMM	909214306
DHC	Diversified Healthcare Trust	909,000	$1.654M	1.9%	$2.45	—	REIT	25525P107
DSP	VIANT TECHNOLOGY INC-A	314,900	$1.6M	1.8%	$7.53	-20.5%	COMM	92557A101
EOLS	EVOLUS INC	136,200	$1.58M	1.8%	$6.90	+70.9%	COMM	30052C107
—	COMPOSECURE INC	297,000	$1.544M	1.8%	$5.20	—	WRNT	20459V113
XBI	SPDR S&P BIOTECH ETF	20,000	$1.485M	1.7%	$74.29	—	Call	78464A870
—	LIONS GATE ENTERTAINMENT-A	159,500	$1.485M	1.7%	$16.60	—	COMM	535919401
—	ABSOLUTE SOFTWARE CORPORATIO	149,400	$1.292M	1.5%	$8.70	—	COMM	00386B109
—	PFSWEB INC NEW	102,896	$1.21M	1.4%	$11.43	—	COMM	717098206
—	ENZO BIOCHEM INC	559,500	$1.158M	1.3%	$2.92	—	COMM	294100102
PESI	PERMA-FIX ENVIRONMENTAL SVCS	205,300	$1.066M	1.2%	$6.92	-19.8%	COMM	714157203
ADMA	ADMA BIOLOGICS INC	529,300	$1.048M	1.2%	$1.31	+49.7%	COMM	000899104
III	INFORMATION SERVICES GROUP	149,000	$1.007M	1.2%	$6.91	-21.1%	COMM	45675Y104
—	TILE SHOP HLDGS INC	321,348	$987K	1.1%	$7.13	—	COMM	88677Q109
SHOO	STEVEN MADDEN LTD	30,000	$966K	1.1%	$34.69	0.0%	COMM	556269108
ALLT	ALLOT COMMUNICATIONS LTD	195,800	$957K	1.1%	$8.81	-33.9%	COMM	M0854Q105
FC	FRANKLIN COVEY CO	20,600	$951K	1.1%	$44.35	-10.4%	COMM	353469109
GPGI	COMPOSECURE INC	181,095	$942K	1.1%	$8.16	-30.6%	COMM	20459V105
—	EXTERRAN CORP	213,055	$916K	1.1%	$2.98	—	COMM	30227H106
SCVL	SHOE CARNIVAL INC	39,400	$851K	1.0%	$36.92	-22.9%	COMM	824889109
BAC	BANK OF AMERICA CORP	27,080	$843K	1.0%	$41.02	-20.2%	COMM	060505104
XBI	SPDR S&P BIOTECH ETF	11,200	$832K	1.0%	$74.29	—	ETF	78464A870
—	XCEL BRANDS INC	693,629	$818K	0.9%	$1.21	—	COMM	98400M101
—	SPARK NETWORKS SE-ADR-W/I	251,700	$803K	0.9%	$3.14	—	ADRS	846517100
—	VERTEX ENERGY INC	73,000	$768K	0.9%	$6.02	—	COMM	92534K107
STKS	ONE GROUP HOSPITALITY INC	94,989	$700K	0.8%	$12.61	—	COMM	88338K103
OEC	ORION ENGINEERED CARBONS SAR	45,000	$699K	0.8%	$18.63	-10.1%	COMM	L72967109
—	TECHPRECISION CORP	450,000	$682K	0.8%	$1.69	—	COMM	878739101
FPH	FIVE POINT HOLDINGS LLC-CL A	169,000	$661K	0.8%	$6.75	-23.6%	COMM	33833Q106
—	INTEVAC INC	131,755	$638K	0.7%	$4.71	—	COMM	461148108
RELL	RICHARDSON ELEC LTD	41,200	$604K	0.7%	$10.97	+12.4%	COMM	763165107
FTHM	FATHOM HOLDINGS INC	72,500	$568K	0.7%	$19.63	-56.8%	COMM	31189V109
CSSEQ	CHICKEN SOUP FOR THE SOUL EN	72,726	$539K	0.6%	$15.32	-50.0%	COMM	16842Q100
PCYO	PURE CYCLE CORP	50,200	$529K	0.6%	$5.59	+93.4%	COMM	746228303
LTRX	LANTRONIX INC	94,138	$506K	0.6%	$7.58	-23.9%	COMM	516548203
RICK	RCI HOSPITALITY HOLDINGS INC	10,200	$493K	0.6%	$27.78	+106.8%	COMM	74934Q108
RDNW	RUMBLEON INC-B	32,297	$475K	0.5%	$32.31	-39.5%	COMM	781386305
CNDT	CONDUENT INC	110,000	$475K	0.5%	$5.83	-13.9%	COMM	206787103
—	DISH NETWORK CORP CL A	23,300	$418K	0.5%	$44.15	—	COMM	25470M109
SPB	SPECTRUM BRANDS HOLDINGS INC	5,000	$410K	0.5%	$91.94	-6.7%	Call	84790A105
AIOT	POWERFLEET INC	170,000	$369K	0.4%	$6.24	-59.3%	COMM	73931J109
—	AUDACY INC	373,000	$351K	0.4%	$2.57	—	COMM	05070N103
ZVOI	ZOVIO INC	320,712	$311K	0.4%	$1.23	-33.6%	COMM	98979V102
ITRN	ITURAN LOCATION AND CONTROL	10,800	$265K	0.3%	$26.25	-10.6%	COMM	M6158M104
TNA	SMALL CAP BULL 3X SHARES	7,900	$259K	0.3%	$32.78	—	ETF	25459W847
VUZI	VUZIX CORP	35,000	$249K	0.3%	$6.56	-10.4%	COMM	92921W300
—	POWERSCHOOL HOLDINGS INC-A	19,500	$235K	0.3%	$16.20	—	COMM	73939C106
ALLT	ALLOT COMMUNICATIONS LTD	45,700	$223K	0.3%	$8.81	-33.9%	Call	M0854Q105
DSP	VIANT TECHNOLOGY INC-A	35,000	$178K	0.2%	$7.53	-20.5%	Call	92557A101
—	INSEEGO CORP	89,000	$168K	0.2%	$5.83	—	COMM	45782B104
—	BENEFITFOCUS INC	20,000	$156K	0.2%	$11.51	—	Call	08180D106
DHC	Diversified Healthcare Trust	80,000	$146K	0.2%	$2.45	—	Call	25525P107
—	PERFORMANT FINANCIAL CORP	50,100	$132K	0.2%	$3.11	—	COMM	71377E105
UIS	UNISYS CORP	10,000	$120K	0.1%	$19.61	-28.1%	Call	909214306
TACT	TRANSACT TECHNOLOGIES INC	29,733	$118K	0.1%	$12.27	-54.9%	COMM	892918103
—	AVAYA HOLDINGS CORP	41,000	$92,000	0.1%	$2.24	—	COMM	05351X101
—	AUDACY INC	75,000	$71,000	0.1%	$2.57	—	Call	05070N103
SATS	ECHOSTAR HOLDING CORP-A	3,000	$58,000	0.1%	$28.89	-21.8%	Call	278768106
—	TRAVELCENTERS OF AMERICA INC	1,000	$34,000	0.0%	$51.15	—	Call	89421B109