Solas Capital Management, LLC Diversified Active

Location: Darien, CT

CIK: 0001604867 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 14, 2026

Total Value: $187M (100.0% shares, 0.0% debt)

Holdings (21)

New Positions (2)

NVRI ENVIRI CORP 2.2%

Value $4.024M Shares 183,333 Est. Cost — Unrealized —

LUXE LUXEXPERIENCE BV 1.4%

Value $2.56M Shares 344,529 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVRI	ENVIRI CORP	183,333	$4.024M	2.2%	—	—	COM ADDED	29390K102
LUXE	LUXEXPERIENCE BV	344,529	$2.56M	1.4%	—	—	SPONSORED ADS	55406W103

Increased Positions (6)

NSP INSPERITY INC 6.2%

Value $11.64M (+71.0%) Shares 281,852 (+11.9%) Est. Cost — Unrealized —

EEFT EURONET WORLDWIDE INC 4.9%

Value $9.148M (+91.5%) Shares 124,988 (+73.6%) Est. Cost — Unrealized —

ASIX ADVANSIX INC 6.1%

Value $11.36M (-10.0%) Shares 571,324 (+10.5%) Est. Cost — Unrealized —

SNWV SANUWAVE HEALTH INC 3.3%

Value $6.11M (+22.9%) Shares 610,968 (+112.5%) Est. Cost — Unrealized —

BUR BURFORD CAPITAL LIMITED 2.7%

Value $4.965M (+12.0%) Shares 1,210,944 (+23.4%) Est. Cost — Unrealized —

MODD MODULAR MED INC 1.1%

Value $1.971M (+29.6%) Shares 438,095 (+52.1%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NSP	INSPERITY INC	281,852 (+11.9%)	$11.64M (+71.0%)	6.2%	—	—	COM	45778Q107
EEFT	EURONET WORLDWIDE INC	124,988 (+73.6%)	$9.148M (+91.5%)	4.9%	—	—	COM	298736109
ASIX	ADVANSIX INC	571,324 (+10.5%)	$11.36M (-10.0%)	6.1%	—	—	COM	00773T101
SNWV	SANUWAVE HEALTH INC	610,968 (+112.5%)	$6.11M (+22.9%)	3.3%	—	—	COM	80303D305
BUR	BURFORD CAPITAL LIMITED	1,210,944 (+23.4%)	$4.965M (+12.0%)	2.7%	—	—	ORD SHS	G17977110
MODD	MODULAR MED INC	438,095 (+52.1%)	$1.971M (+29.6%)	1.1%	—	—	COM NEW	60785L306

Exited Positions (3)

ASTL ALGOMA STL GROUP INC 2.3%

Value $4.326M Shares 1,047,454 Est. Cost — Unrealized —

NVRI ENVIRI CORP 2.1%

Value $3.948M Shares 201,205 Est. Cost — Unrealized —

MERC MERCER INTL INC 0.6%

Value $1.122M Shares 790,338 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ASTL	ALGOMA STL GROUP INC	1,047,454	$4.326M	2.3%	—	—	—	015658107
NVRI	ENVIRI CORP	201,205	$3.948M	2.1%	—	—	—	415864107
MERC	MERCER INTL INC	790,338	$1.122M	0.6%	—	—	—	588056101

Decreased Positions (7)

FENC FENNEC PHARMACEUTICALS INC 10.9%

Value $20.31M (+33.0%) Shares 1,889,366 (-23.9%) Est. Cost — Unrealized —

MAIA MAIA BIOTECHNOLOGY INC 2.3%

Value $4.364M (-27.5%) Shares 3,030,845 (-29.5%) Est. Cost — Unrealized —

GO GROCERY OUTLET HLDG CORP 6.1%

Value $11.37M (+15.6%) Shares 1,139,058 (-18.4%) Est. Cost — Unrealized —

SEG SEAPORT ENTMT GROUP INC 3.0%

Value $5.663M (+18.3%) Shares 212,892 (-4.5%) Est. Cost — Unrealized —

SNDA SONIDA SENIOR LIVING INC 7.4%

Value $13.78M (-4.2%) Shares 337,679 (-24.3%) Est. Cost — Unrealized —

LEE LEE ENTERPRISES INC 7.4%

Value $13.73M (-1.5%) Shares 1,549,944 (-8.0%) Est. Cost — Unrealized —

MOH MOLINA HEALTHCARE INC 4.9%

Value $9.198M (+0.4%) Shares 40,219 (-41.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FENC	FENNEC PHARMACEUTICALS INC	1,889,366 (-23.9%)	$20.31M (+33.0%)	10.9%	—	—	COM	31447P100
MAIA	MAIA BIOTECHNOLOGY INC	3,030,845 (-29.5%)	$4.364M (-27.5%)	2.3%	—	—	COM	552641102
GO	GROCERY OUTLET HLDG CORP	1,139,058 (-18.4%)	$11.37M (+15.6%)	6.1%	—	—	COM	39874R101
SEG	SEAPORT ENTMT GROUP INC	212,892 (-4.5%)	$5.663M (+18.3%)	3.0%	—	—	COMMON STOCK	812215200
SNDA	SONIDA SENIOR LIVING INC	337,679 (-24.3%)	$13.78M (-4.2%)	7.4%	—	—	COM	140475203
LEE	LEE ENTERPRISES INC	1,549,944 (-8.0%)	$13.73M (-1.5%)	7.4%	—	—	COM	523768406
MOH	MOLINA HEALTHCARE INC	40,219 (-41.5%)	$9.198M (+0.4%)	4.9%	—	—	COM	60855R100

Unchanged Positions (6)

ACOG ALPHA COGNITION INC 7.4%

Value $13.9M Shares 1,924,617 Est. Cost — Unrealized —

EPSN EPSILON ENERGY LTD 10.1%

Value $18.78M Shares 3,470,761 Est. Cost — Unrealized —

KD KYNDRYL HLDGS INC 5.5%

Value $10.35M Shares 915,443 Est. Cost — Unrealized —

AAP ADVANCE AUTO PARTS INC 5.6%

Value $10.53M Shares 169,163 Est. Cost — Unrealized —

HAIN HAIN CELESTIAL GROUP INC 0.3%

Value $480K Shares 856,064 Est. Cost — Unrealized —

ALIT ALIGHT INC 1.3%

Value $2.382M Shares 4,253,822 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ACOG	ALPHA COGNITION INC	1,924,617	$13.9M	7.4%	—	—	COM NEW	02074J501
EPSN	EPSILON ENERGY LTD	3,470,761	$18.78M	10.1%	—	—	COM	294375209
KD	KYNDRYL HLDGS INC	915,443	$10.35M	5.5%	—	—	COMMON STOCK	50155Q100
AAP	ADVANCE AUTO PARTS INC	169,163	$10.53M	5.6%	—	—	COM	00751Y106
HAIN	HAIN CELESTIAL GROUP INC	856,064	$480K	0.3%	—	—	COM	405217100
ALIT	ALIGHT INC	4,253,822	$2.382M	1.3%	—	—	COM CL A	01626W101