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
ALGOMA STL GROUP INC COM 015658107   6,265,875 612,500 SH   SOLE   612,500 0 0
ARCOSA INC COM 039653100   7,757,148 81,861 SH   SOLE   81,861 0 0
ARDENT HEALTH PARTNERS INC COM 03980N107   5,763,968 313,600 SH   SOLE   313,600 0 0
BARNES GROUP INC COM 067806109   10,953,333 271,055 SH   SOLE   271,055 0 0
BCE INC COM NEW 05534B760   6,090,000 175,000 SH   SOLE   175,000 0 0
BROOKDALE SR LIVING INC COM 112463104   8,176,830 1,204,246 SH   SOLE   1,204,246 0 0
CADELER A S SPON ADR 12738K109   2,831,132 100,466 SH   SOLE   100,466 0 0
CAVCO INDS INC DEL COM 149568107   8,136,560 19,000 SH   SOLE   19,000 0 0
CELESTICA INC COM 15101Q207   8,230,320 161,000 SH   SOLE   161,000 0 0
CELESTICA INC COM 15101Q207   3,067,200 60,000 SH Call SOLE   60,000 0 0
CONTEXTLOGIC INC CL A NEW 21077C305   4,508,976 827,335 SH   SOLE   827,335 0 0
DOCEBO INC COM 25609L105   6,258,101 141,586 SH   SOLE   141,586 0 0
DUPONT DE NEMOURS INC COM 26614N102   6,603,051 74,100 SH   SOLE   74,100 0 0
ENVIRI CORP COM 415864107   1,034,000 100,000 SH   SOLE   100,000 0 0
ENVIRI CORP COM 415864107   2,688,400 260,000 SH Call SOLE   260,000 0 0
FERROGLOBE PLC SHS G33856108   6,550,752 1,411,800 SH   SOLE   1,411,800 0 0
GARRETT MOTION INC COM 366505105   4,908,000 600,000 SH   SOLE   600,000 0 0
GOLAR LNG LTD SHS G9456A100   10,236,631 278,472 SH   SOLE   278,472 0 0
GRANITE CONSTR INC COM 387328107   1,704,520 21,500 SH Put SOLE   21,500 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101   7,696,359 260,100 SH   SOLE   260,100 0 0
HARROW INC COM 415858109   2,023,200 45,000 SH Put SOLE   45,000 0 0
I3 VERTICALS INC COM CL A 46571Y107   7,924,273 371,857 SH   SOLE   371,857 0 0
INTERNATIONAL PAPER CO COM 460146103   4,611,440 94,400 SH   SOLE   94,400 0 0
MDU RES GROUP INC COM 552690109   18,216,686 664,600 SH   SOLE   664,600 0 0
NORTH AMERN CONSTR GROUP LTD COM 656811106   1,088,340 58,200 SH   SOLE   58,200 0 0
ORTHOFIX MED INC COM 68752M108   10,239,004 655,506 SH   SOLE   655,506 0 0
PRECISION DRILLING CORP COM NEW 74022D407   2,934,540 47,600 SH   SOLE   47,600 0 0
PROFICIENT AUTO LOGISTICS INC COM 74317M104   2,653,078 187,100 SH   SOLE   187,100 0 0
REV GROUP INC COM 749527107   5,880,815 209,580 SH   SOLE   209,580 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   110,161,920 192,000 SH Put SOLE   192,000 0 0
STONERIDGE INC COM 86183P102   2,837,325 253,559 SH   SOLE   253,559 0 0
TALEN ENERGY CORP COM 87422Q109   748,608 4,200 SH   SOLE   4,200 0 0
TRANSALTA CORP COM 89346D107   4,685,828 452,300 SH   SOLE   452,300 0 0