Solas Capital Management, LLC Diversified Active

CIK: 0001604867 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 16, 2022

Total Value ($000): $165,146 (100.0% shares, 0.0% debt)

Holdings (23)

EPSN EPSILON ENERGY LTD 16.6%

Value ($000) $27,413 Shares 4,250,137 Est. Cost $2.77 Unrealized +75.3%

— GARRETT MOTION INC 9.4%

Value ($000) $15,484 Shares 1,897,367 Est. Cost $8.16 Unrealized —

PARR PAR PAC HOLDINGS INC 7.1%

Value ($000) $11,700 Shares 898,591 Est. Cost $15.02 Unrealized -5.2%

— THE AARONS COMPANY INC 6.2%

Value ($000) $10,205 Shares 508,200 Est. Cost $23.03 Unrealized —

FLEX FLEX LTD 6.0%

Value ($000) $9,961 Shares 537,000 Est. Cost $12.78 Unrealized 0.0%

— THE ODP CORP 6.0%

Value ($000) $9,853 Shares 215,000 Est. Cost $44.17 Unrealized —

LILAK LIBERTY LATIN AMERICA LTD 5.1%

Value ($000) $8,391 Shares 875,000 Est. Cost $10.55 Unrealized -0.9%

KELYA KELLY SVCS INC 4.9%

Value ($000) $8,155 Shares 376,000 Est. Cost $18.85 Unrealized -3.8%

— AUDACY INC 4.3%

Value ($000) $7,106 Shares 2,458,900 Est. Cost $3.61 Unrealized —

ASTL ALGOMA STL GROUP INC 4.1%

Value ($000) $6,750 Shares 600,000 Est. Cost $8.97 Unrealized 0.0%

BJRI BJS RESTAURANTS INC 4.0%

Value ($000) $6,651 Shares 235,000 Est. Cost $30.43 Unrealized 0.0%

FENC FENNEC PHARMACEUTICALS INC 3.9%

Value ($000) $6,416 Shares 1,145,796 Est. Cost $4.61 Unrealized +9.3%

— HILL INTL INC 3.7%

Value ($000) $6,113 Shares 3,750,000 Est. Cost $2.09 Unrealized —

SNDA SONIDA SENIOR LIVING INC 3.6%

Value ($000) $5,895 Shares 177,935 Est. Cost $31.03 Unrealized +1.0%

SLVM SYLVAMO CORP 2.8%

Value ($000) $4,659 Shares 140,000 Est. Cost $26.31 Unrealized +13.9%

CVEO CIVEO CORP CDA 2.5%

Value ($000) $4,077 Shares 172,711 Est. Cost $20.53 Unrealized 0.0%

LEE LEE ENTERPRISES INC 2.4%

Value ($000) $4,038 Shares 150,000 Est. Cost $20.69 Unrealized +61.8%

ONL ORION OFFICE REIT INC 2.2%

Value ($000) $3,560 Shares 254,300 Est. Cost $14.00 Unrealized —

GIFI GULF IS FABRICATION INC 2.1%

Value ($000) $3,456 Shares 881,717 Est. Cost $3.97 Unrealized +0.3%

ARDX ARDELYX INC 1.8%

Value ($000) $2,943 Shares 2,750,000 Est. Cost $1.19 Unrealized -24.8%

MODD MODULAR MED INC 1.2%

Value ($000) $1,989 Shares 452,152 Est. Cost $3.90 Unrealized 0.0%

SWKH SWK HLDGS CORP 0.2%

Value ($000) $262 Shares 15,510 Est. Cost $10.16 Unrealized +46.1%

— PROCESSA PHARMACEUTICALS INC 0.0%

Value ($000) $69 Shares 22,844 Est. Cost $6.60 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EPSN	EPSILON ENERGY LTD	4,250,137	$27,413	16.6%	$2.77	+75.3%	COM	294375209
—	GARRETT MOTION INC	1,897,367	$15,484	9.4%	$8.16	—	PFD CONV SER A	366505204
PARR	PAR PAC HOLDINGS INC	898,591	$11,700	7.1%	$15.02	-5.2%	COM NEW	69888T207
—	THE AARONS COMPANY INC	508,200	$10,205	6.2%	$23.03	—	COM	00258W108
FLEX	FLEX LTD	537,000	$9,961	6.0%	$12.78	0.0%	ORD	Y2573F102
—	THE ODP CORP	215,000	$9,853	6.0%	$44.17	—	COM	88337F105
LILAK	LIBERTY LATIN AMERICA LTD	875,000	$8,391	5.1%	$10.55	-0.9%	COM CL C	G9001E128
KELYA	KELLY SVCS INC	376,000	$8,155	4.9%	$18.85	-3.8%	CL A	488152208
—	AUDACY INC	2,458,900	$7,106	4.3%	$3.61	—	CL A	05070N103
ASTL	ALGOMA STL GROUP INC	600,000	$6,750	4.1%	$8.97	0.0%	COM	015658107
BJRI	BJS RESTAURANTS INC	235,000	$6,651	4.0%	$30.43	0.0%	COM	09180C106
FENC	FENNEC PHARMACEUTICALS INC	1,145,796	$6,416	3.9%	$4.61	+9.3%	COM	31447P100
—	HILL INTL INC	3,750,000	$6,113	3.7%	$2.09	—	COM	431466101
SNDA	SONIDA SENIOR LIVING INC	177,935	$5,895	3.6%	$31.03	+1.0%	COM	140475203
SLVM	SYLVAMO CORP	140,000	$4,659	2.8%	$26.31	+13.9%	COMMON STOCK	871332102
CVEO	CIVEO CORP CDA	172,711	$4,077	2.5%	$20.53	0.0%	COM NEW	17878Y207
LEE	LEE ENTERPRISES INC	150,000	$4,038	2.4%	$20.69	+61.8%	COM	523768406
ONL	ORION OFFICE REIT INC	254,300	$3,560	2.2%	$14.00	—	COM	68629Y103
GIFI	GULF IS FABRICATION INC	881,717	$3,456	2.1%	$3.97	+0.3%	COM	402307102
ARDX	ARDELYX INC	2,750,000	$2,943	1.8%	$1.19	-24.8%	COM	039697107
MODD	MODULAR MED INC	452,152	$1,989	1.2%	$3.90	0.0%	COM NEW	60785L207
SWKH	SWK HLDGS CORP	15,510	$262	0.2%	$10.16	+46.1%	COM NEW	78501P203
—	PROCESSA PHARMACEUTICALS INC	22,844	$69	0.0%	$6.60	—	COM NEW	74275C205