Solas Capital Management, LLC Diversified Active

Location: Darien, CT

CIK: 0001604867 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value: $178M (100.0% shares, 0.0% debt)

Holdings (21)

EPSN EPSILON ENERGY LTD 15.0%

Value $26.61M Shares 3,768,467 Share Price $7.06 * Est. Cost/Share $3.04 Unrealized @ Report Date +106.7%

SNWV SANUWAVE HEALTH INC 11.6%

Value $20.66M Shares 584,048 Share Price $35.37 * Est. Cost/Share $28.49 Unrealized @ Report Date 0.0%

GO GROCERY OUTLET HLDG CORP 7.7%

Value $13.74M Shares 982,515 Share Price $13.98 * Est. Cost/Share $14.79 Unrealized @ Report Date 0.0%

FENC FENNEC PHARMACEUTICALS INC 7.7%

Value $13.71M Shares 2,250,919 Share Price $6.09 * Est. Cost/Share $6.02 Unrealized @ Report Date +6.7%

SNDA SONIDA SENIOR LIVING INC 6.8%

Value $12.12M Shares 520,360 Share Price $23.29 Est. Cost/Share $21.46 Unrealized @ Report Date +10.5%

AAP ADVANCE AUTO PARTS INC 6.3%

Value $11.11M Shares 283,395 Share Price $39.21 * Est. Cost/Share $55.13 Unrealized @ Report Date -24.0%

PARR PAR PAC HOLDINGS INC 5.6%

Value $9.89M Shares 693,577 Share Price $14.26 * Est. Cost/Share $17.93 Unrealized @ Report Date -12.5%

WOOF PETCO HEALTH & WELLNESS CO I 5.1%

Value $9.15M Shares 3,000,000 Share Price $3.05 * Est. Cost/Share $3.13 Unrealized @ Report Date 0.0%

AMBP ARDAGH METAL PACKAGING S A 5.1%

Value $9.102M Shares 3,013,910 Share Price $3.02 * Est. Cost/Share $3.66 Unrealized @ Report Date -29.4%

— WALGREENS BOOTS ALLIANCE INC 4.9%

Value $8.788M Shares 786,787 Share Price $11.17 Est. Cost/Share $16.65 Unrealized @ Report Date —

ASTL ALGOMA STL GROUP INC 4.5%

Value $7.917M Shares 1,460,646 Share Price $5.42 * Est. Cost/Share $8.15 Unrealized @ Report Date -9.2%

ACOG ALPHA COGNITION INC 3.9%

Value $6.961M Shares 1,393,328 Share Price $5.00 * Est. Cost/Share $5.61 Unrealized @ Report Date +4.0%

MERC MERCER INTL INC 3.5%

Value $6.305M Shares 1,025,157 Share Price $6.15 * Est. Cost/Share $6.27 Unrealized @ Report Date +3.7%

LEE LEE ENTERPRISES INC 2.8%

Value $5.005M Shares 482,212 Share Price $10.38 * Est. Cost/Share $16.76 Unrealized @ Report Date -33.0%

— ZIMVIE INC 2.1%

Value $3.678M Shares 340,536 Share Price $10.80 Est. Cost/Share $15.94 Unrealized @ Report Date —

MODD MODULAR MED INC 2.0%

Value $3.519M Shares 3,243,475 Share Price $1.08 Est. Cost/Share $1.88 Unrealized @ Report Date -40.8%

CTRN CITI TRENDS INC 1.9%

Value $3.352M Shares 151,412 Share Price $22.14 * Est. Cost/Share $17.85 Unrealized @ Report Date +38.5%

— CONTEXTLOGIC INC 1.4%

Value $2.479M Shares 355,154 Share Price $6.98 Est. Cost/Share $6.48 Unrealized @ Report Date —

SPWH SPORTSMANS WHSE HLDGS INC 1.0%

Value $1.841M Shares 1,852,091 Share Price $0.99 * Est. Cost/Share $4.89 Unrealized @ Report Date -65.5%

— MURAL ONCOLOGY PUB LTD CO 0.6%

Value $1.119M Shares 887,995 Share Price $1.26 Est. Cost/Share $4.17 Unrealized @ Report Date —

KD KYNDRYL HLDGS INC 0.4%

Value $705K Shares 22,445 Share Price $31.40 * Est. Cost/Share $17.57 Unrealized @ Report Date +113.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EPSN	EPSILON ENERGY LTD	3,768,467	$26.61M	15.0%	$7.06 *	$3.04	+106.7%	COM	294375209
SNWV	SANUWAVE HEALTH INC	584,048	$20.66M	11.6%	$35.37 *	$28.49	0.0%	COM	80303D305
GO	GROCERY OUTLET HLDG CORP	982,515	$13.74M	7.7%	$13.98 *	$14.79	0.0%	COM	39874R101
FENC	FENNEC PHARMACEUTICALS INC	2,250,919	$13.71M	7.7%	$6.09 *	$6.02	+6.7%	COM	31447P100
SNDA	SONIDA SENIOR LIVING INC	520,360	$12.12M	6.8%	$23.29	$21.46	+10.5%	COM	140475203
AAP	ADVANCE AUTO PARTS INC	283,395	$11.11M	6.3%	$39.21 *	$55.13	-24.0%	COM	00751Y106
PARR	PAR PAC HOLDINGS INC	693,577	$9.89M	5.6%	$14.26 *	$17.93	-12.5%	COM NEW	69888T207
WOOF	PETCO HEALTH & WELLNESS CO I	3,000,000	$9.15M	5.1%	$3.05 *	$3.13	0.0%	COM	71601V105
AMBP	ARDAGH METAL PACKAGING S A	3,013,910	$9.102M	5.1%	$3.02 *	$3.66	-29.4%	ORD SHS	L02235106
—	WALGREENS BOOTS ALLIANCE INC	786,787	$8.788M	4.9%	$11.17	$16.65	—	COM	931427108
ASTL	ALGOMA STL GROUP INC	1,460,646	$7.917M	4.5%	$5.42 *	$8.15	-9.2%	COM	015658107
ACOG	ALPHA COGNITION INC	1,393,328	$6.961M	3.9%	$5.00 *	$5.61	+4.0%	COM NEW	02074J501
MERC	MERCER INTL INC	1,025,157	$6.305M	3.5%	$6.15 *	$6.27	+3.7%	COM	588056101
LEE	LEE ENTERPRISES INC	482,212	$5.005M	2.8%	$10.38 *	$16.76	-33.0%	COM	523768406
—	ZIMVIE INC	340,536	$3.678M	2.1%	$10.80	$15.94	—	COM	98888T107
MODD	MODULAR MED INC	3,243,475	$3.519M	2.0%	$1.08	$1.88	-40.8%	COM NEW	60785L207
CTRN	CITI TRENDS INC	151,412	$3.352M	1.9%	$22.14 *	$17.85	+38.5%	COM	17306X102
—	CONTEXTLOGIC INC	355,154	$2.479M	1.4%	$6.98	$6.48	—	CL A NEW	21077C305
SPWH	SPORTSMANS WHSE HLDGS INC	1,852,091	$1.841M	1.0%	$0.99 *	$4.89	-65.5%	COM	84920Y106
—	MURAL ONCOLOGY PUB LTD CO	887,995	$1.119M	0.6%	$1.26	$4.17	—	ORD SHS	G63365103
KD	KYNDRYL HLDGS INC	22,445	$705K	0.4%	$31.40 *	$17.57	+113.3%	COMMON STOCK	50155Q100