Irenic Capital Management LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ITGR	INTEGER HLDGS CORP	1,263,663	$99,109	6.7%	$79.69	0.0%	COM	45826H109
ALKT	ALKAMI TECHNOLOGY INC	2,106,448	$48,596	3.3%	$22.06	0.0%	COM	01644J108
SPSC	SPS COMM INC	452,066	$40,293	2.7%	$92.71	0.0%	COM	78463M107
AIV	APARTMENT INVT & MGMT CO	3,890,324	$23,109	1.6%	$5.94	—	CL A	03748R747
RAL	RALLIANT CORP	332,042	$16,904	1.1%	$46.87	0.0%	COM	750940108
AD	ARRAY DIGITAL INFRASTRUCTURE	235,294	$12,616	0.8%	$40.94	0.0%	COM	911684108
TASK	TASKUS INC	954,425	$11,253	0.8%	$12.78	0.0%	CLASS A COM	87652V109
BLND	BLEND LABS INC	3,114,949	$9,469	0.6%	$3.19	0.0%	CL A	09352U108
CWAN	CLEARWATER ANALYTICS HLDGS I	250,000	$6,030	0.4%	$20.03	0.0%	CL A	185123106
SAC/U	SAFEGUARD ACQUISITION CORP	500,000	$5,043	0.3%	$10.09	—	UNIT 99/99/9999	G77676123
GPACU	GENERAL PURP ACQUISITION COR	500,000	$5,005	0.3%	$10.01	—	UNIT 12/03/2030	G3810N122
PKST	PEAKSTONE REALTY TRUST	336,817	$4,833	0.3%	$14.35	—	COMMON SHARES	39818P799
CTRI	CENTURI HOLDINGS INC	180,000	$4,545	0.3%	$22.36	0.0%	COM SHS	155923105
WSR	WHITESTONE REIT	322,176	$4,475	0.3%	$13.89	—	COM	966084204
SNDA	SONIDA SENIOR LIVING INC	106,125	$3,461	0.2%	$29.65	0.0%	COM	140475203
HVMC	HIGHVIEW MERGER CORP	300,000	$3,000	0.2%	$10.00	0.0%	ORD SH CL A	G4569C101
MLAB	MESA LABS INC	25,000	$1,963	0.1%	$75.96	0.0%	COM	59064R109
FSLR	FIRST SOLAR INC	7,000	$1,829	0.1%	$252.20	0.0%	COM	336433107
WEAV	WEAVE COMMUNICATIONS INC	226,731	$1,721	0.1%	$6.64	0.0%	COM	94724R108
ICLR	ICON PLC	8,000	$1,458	0.1%	$178.08	0.0%	SHS	G4705A100
COO	COOPER COS INC	15,000	$1,229	0.1%	$74.85	0.0%	COM	216648501
AIN	ALBANY INTL CORP	20,000	$1,014	0.1%	$51.55	0.0%	CL A	012348108
ATKR	ATKORE INC	13,977	$884	0.1%	$64.69	0.0%	COM	047649108
LION	LIONSGATE STUDIOS CORP	95,400	$871	0.1%	$7.11	0.0%	COM	53626N102
SARO	STANDARDAERO INC	25,000	$717	0.0%	$27.23	0.0%	COM	85423L103
HSIC	HENRY SCHEIN INC	4,000	$302	0.0%	$70.36	0.0%	COM	806407102
ABUS	ARBUTUS BIOPHARMA CORP	59,853	$288	0.0%	$4.50	0.0%	COM	03879J100
GSM	FERROGLOBE PLC	10,000	$46	0.0%	$4.60	0.0%	SHS	G33856108
HVMCW	HIGHVIEW MERGER CORP	150,000	$41	0.0%	$0.27	—	*W EXP 07/24/203	G4569C119

Increased Positions (8)

— ISHARES TR RUSSELL 2000 ETF 48.7%

Value ($000) $723,932 (+62.5%) Shares 2,940,900 (+59.8%) Est. Cost — Unrealized —

SHC SOTERA HEALTH CO 4.5%

Value ($000) $66,997 (+20.0%) Shares 3,798,026 (+7.0%) Est. Cost $13.04 Unrealized +26.8%

DBD DIEBOLD NIXDORF INC 2.9%

Value ($000) $43,725 (+29.2%) Shares 644,057 (+8.5%) Est. Cost $29.51 Unrealized +111.7%

WK WORKIVA INC 3.2%

Value ($000) $47,611 (+11.3%) Shares 552,010 (+11.1%) Est. Cost $76.46 Unrealized +15.8%

ELME ELME COMMUNITIES 2.2%

Value ($000) $33,226 (+15.9%) Shares 1,909,557 (+12.3%) Est. Cost $16.92 Unrealized —

— BANDWIDTH INC 2.5%

Value ($000) $36,984 (+7.8%) Shares 42,173,000 (+5.0%) Est. Cost $0.73 Unrealized —

RSVR RESERVOIR MEDIA INC 3.0%

Value ($000) $45,315 (-1.8%) Shares 5,986,176 (+5.6%) Est. Cost $6.75 Unrealized +11.0%

MRVI MARAVAI LIFESCIENCES HLDGS I 0.0%

Value ($000) $262 (+342.0%) Shares 80,668 (+290.3%) Est. Cost $3.04 Unrealized +10.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES TR RUSSELL 2000 ETF	2,940,900 (+59.8%)	$723,932 (+62.5%)	48.7%	—	—	PUT	464287955
SHC	SOTERA HEALTH CO	3,798,026 (+7.0%)	$66,997 (+20.0%)	4.5%	$13.04	+26.8%	COM	83601L102
DBD	DIEBOLD NIXDORF INC	644,057 (+8.5%)	$43,725 (+29.2%)	2.9%	$29.51	+111.7%	COM SHS	253651202
WK	WORKIVA INC	552,010 (+11.1%)	$47,611 (+11.3%)	3.2%	$76.46	+15.8%	COM CL A	98139A105
ELME	ELME COMMUNITIES	1,909,557 (+12.3%)	$33,226 (+15.9%)	2.2%	$16.92	—	SH BEN INT	939653101
—	BANDWIDTH INC	42,173,000 (+5.0%)	$36,984 (+7.8%)	2.5%	$0.73	—	NOTE 0.500% 4/0	05988JAD5
RSVR	RESERVOIR MEDIA INC	5,986,176 (+5.6%)	$45,315 (-1.8%)	3.0%	$6.75	+11.0%	COM	76119X105
MRVI	MARAVAI LIFESCIENCES HLDGS I	80,668 (+290.3%)	$262 (+342.0%)	0.0%	$3.04	+10.7%	COM CL A	56600D107

Exited Positions (4)

GO GROCERY OUTLET HLDG CORP 1.2%

Value ($000) $17,764 Shares 1,106,789 Est. Cost $14.22 Unrealized -11.5%

NSA NATIONAL STORAGE AFFILIATES 0.8%

Value ($000) $12,173 Shares 402,822 Est. Cost $30.22 Unrealized —

HVMCU HIGHVIEW MERGER CORP 0.2%

Value ($000) $3,036 Shares 300,000 Est. Cost $10.12 Unrealized —

— JAMF HLDG CORP 0.1%

Value ($000) $963 Shares 90,000 Est. Cost $10.70 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GO	GROCERY OUTLET HLDG CORP	1,106,789	$17,764	1.2%	$14.22	-11.5%	—	39874R101
NSA	NATIONAL STORAGE AFFILIATES	402,822	$12,173	0.8%	$30.22	—	—	637870106
HVMCU	HIGHVIEW MERGER CORP	300,000	$3,036	0.2%	$10.12	—	—	G4569C127
—	JAMF HLDG CORP	90,000	$963	0.1%	$10.70	—	—	47074L105

Decreased Positions (2)

PZZA PAPA JOHNS INTL INC 0.8%

Value ($000) $12,513 (-75.8%) Shares 325,108 (-69.7%) Est. Cost $44.95 Unrealized -3.6%

SGRY SURGERY PARTNERS INC 0.1%

Value ($000) $1,307 (-94.7%) Shares 84,620 (-92.5%) Est. Cost $22.29 Unrealized -17.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PZZA	PAPA JOHNS INTL INC	325,108 (-69.7%)	$12,513 (-75.8%)	0.8%	$44.95	-3.6%	COM	698813102
SGRY	SURGERY PARTNERS INC	84,620 (-92.5%)	$1,307 (-94.7%)	0.1%	$22.29	-17.5%	COM	86881A100

Unchanged Positions (7)

TBPH THERAVANCE BIOPHARMA INC 3.5%

Value ($000) $51,657 Shares 2,760,948 Est. Cost $10.53 Unrealized +57.5%

SITC SITE CTRS CORP 1.1%

Value ($000) $16,727 Shares 2,605,378 Est. Cost $12.17 Unrealized —

— HILLENBRAND INC 2.9%

Value ($000) $42,873 Shares 1,351,604 Est. Cost $27.04 Unrealized —

NWS NEWS CORP NEW 1.2%

Value ($000) $17,595 Shares 593,809 Est. Cost $17.22 Unrealized +73.1%

FWRD FORWARD AIR CORP 2.1%

Value ($000) $30,745 Shares 1,229,819 Est. Cost $17.76 Unrealized +26.7%

— ARRAY TECHNOLOGIES INC 0.2%

Value ($000) $2,736 Shares 3,000,000 Est. Cost $0.74 Unrealized —

SHY ISHARES TR 0.2%

Value ($000) $2,485 Shares 30,000 Est. Cost $82.58 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TBPH	THERAVANCE BIOPHARMA INC	2,760,948	$51,657	3.5%	$10.53	+57.5%	COM	G8807B106
SITC	SITE CTRS CORP	2,605,378	$16,727	1.1%	$12.17	—	COM	82981J851
—	HILLENBRAND INC	1,351,604	$42,873	2.9%	$27.04	—	COM	431571108
NWS	NEWS CORP NEW	593,809	$17,595	1.2%	$17.22	+73.1%	CL B	65249B208
FWRD	FORWARD AIR CORP	1,229,819	$30,745	2.1%	$17.76	+26.7%	COM	34986A104
—	ARRAY TECHNOLOGIES INC	3,000,000	$2,736	0.2%	$0.74	—	NOTE 1.000%12/0	04271TAB6
SHY	ISHARES TR	30,000	$2,485	0.2%	$82.58	—	1 3 YR TREAS BD	464287457