The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
A-MARK PRECIOUS METALS INC COM 00181T107   2,472,298 55,985 SH   SOLE   55,985 0 0
APPLIED DIGITAL CORP COM NEW 038169207   347,828 42,161 SH   SOLE   42,161 0 0
ARKO CORP COM 041242108   12,212,090 1,739,614 SH   SOLE   1,739,614 0 0
ARLO TECHNOLOGIES INC COM 04206A101   17,120,052 1,413,712 SH   SOLE   1,413,712 0 0
BOWLERO CORP CL A COM 10258P102   1,427,514 121,594 SH   SOLE   121,594 0 0
BUILD-A-BEAR WORKSHOP INC COM 120076104   16,112,622 468,799 SH   SOLE   468,799 0 0
CAVA GROUP INC COM 148929102   30,033,625 242,500 SH Put SOLE   242,500 0 0
CAVCO INDS INC DEL COM 149568107   28,928,040 67,551 SH   SOLE   67,551 0 0
CLEAN HARBORS INC COM 184496107   14,758,087 61,057 SH   SOLE   61,057 0 0
COMPASS INC CL A 20464U100   12,987,752 2,125,655 SH   SOLE   2,125,655 0 0
COMPOSECURE HOLDINGS LLC DEBT 7.000%12/1 20459XAB7   3,695,885 2,626,000 SH   SOLE   2,626,000 0 0
COMPOSECURE INC COM CL A 20459V105   29,577,419 2,109,659 SH   SOLE   2,109,659 0 0
COMPOSECURE INC *W EXP 12/27/202 20459V113   719,927 51,350 SH   SOLE   51,350 0 0
CONTEXTLOGIC INC CL A NEW 21077C305   335,557 61,570 SH   SOLE   61,570 0 0
DONEGAL GROUP INC CL A 257701201   1,062,754 72,100 SH   SOLE   72,100 0 0
EMERALD HOLDING INC COM 29103W104   10,362,873 2,076,728 SH   SOLE   2,076,728 0 0
FATHOM HOLDINGS INC COM 31189V109   2,821,660 1,089,444 SH   SOLE   1,089,444 0 0
GANNETT CO INC COM 36472T109   17,047,798 3,033,416 SH   SOLE   3,033,416 0 0
GLOBAL INDEMNITY GROUP LLC COM CL A 37959R103   6,638,257 199,767 SH   SOLE   199,767 0 0
GLOBALSTAR INC COM 378973408   556,322 448,647 SH   SOLE   448,647 0 0
GROWGENERATION CORP COM 39986L109   374,371 175,761 SH   SOLE   175,761 0 0
HYDROFARM HLDGS GROUP INC COM 44888K209   265,095 384,753 SH   SOLE   384,753 0 0
INSPIRED ENTMT INC COM 45782N108   18,228,843 1,966,434 SH   SOLE   1,966,434 0 0
LAZYDAYS HLDGS INC COM 52110H100   1,556,673 1,037,782 SH   SOLE   1,037,782 0 0
LEE ENTERPRISES INC COM 523768406   1,862,250 213,806 SH   SOLE   213,806 0 0
LIMBACH HLDGS INC COM 53263P105   8,864,147 117,003 SH   SOLE   117,003 0 0
LOANDEPOT INC COM CL A 53946R106   13,555,272 4,965,301 SH   SOLE   4,965,301 0 0
MANITEX INTL INC COM 563420108   2,197,952 390,400 SH   SOLE   390,400 0 0
MIMEDX GROUP INC COM 602496101   21,271,922 3,599,310 SH   SOLE   3,599,310 0 0
NEBIUS GROUP N.V. SHS CLASS A N97284108   1,790,796 341,104 SH   SOLE   341,104 0 0
NETWORK-1 TECHNOLOGIES INC COM 64121N109   631,606 451,147 SH   SOLE   451,147 0 0
NEURONETICS INC COM 64131A105   998,579 1,314,266 SH   SOLE   1,314,266 0 0
NEXTDOOR HOLDINGS INC COM CL A 65345M108   15,398,895 6,209,232 SH   SOLE   6,209,232 0 0
NORTH AMERN CONSTR GROUP LTD COM 656811106   34,810,069 1,861,501 SH   SOLE   1,861,501 0 0
OPEN LENDING CORP COM 68373J104   15,826,320 2,586,000 SH   SOLE   2,586,000 0 0
ORASURE TECHNOLOGIES INC COM 68554V108   10,555,538 2,472,023 SH   SOLE   2,472,023 0 0
PERMA-PIPE INTL HLDGS INC COM 714167103   1,617,503 124,615 SH   SOLE   124,615 0 0
PRIMEENERGY RESOURCES CORP COM 74158E104   808,335 5,866 SH   SOLE   5,866 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105   5,130,568 1,386,640 SH   SOLE   1,386,640 0 0
SNDL INC COM 83307B101   16,956,396 8,231,260 SH   SOLE   8,231,260 0 0
SPORTSMANS WHSE HLDGS INC COM 84920Y106   6,823,344 2,517,839 SH   SOLE   2,517,839 0 0
SWK HLDGS CORP COM NEW 78501P203   6,601,979 381,838 SH   SOLE   381,838 0 0
TILE SHOP HLDGS INC COM 88677Q109   1,070,157 162,391 SH   SOLE   162,391 0 0
TIPTREE INC COM 88822Q103   14,822,612 757,415 SH   SOLE   757,415 0 0
TRANSACT TECHNOLOGIES INC COM 892918103   193,627 39,841 SH   SOLE   39,841 0 0
TRUECAR INC COM 89785L107   25,442,491 7,374,635 SH   SOLE   7,374,635 0 0
UNIVERSAL TECHNICAL INST INC COM 913915104   24,212,002 1,489,053 SH   SOLE   1,489,053 0 0
VIAD CORP COM 92552R406   24,755,664 690,920 SH   SOLE   690,920 0 0
WINMARK CORP COM 974250102   842,446 2,200 SH   SOLE   2,200 0 0