# Solas Capital Management, LLC: Form 13F holdings

An institutional investment manager in DARIEN, CT. SEC CIK 1604867.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $186.6m
- Positions: 21 (21 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1604867/000160486726000017/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [FENNEC PHARMACEUTICALS INC (FENC)](/companies/fenc.md) | COM | $20.3m | 10.9% | 1,889,366 |  | Reduced −592,832 |
| [EPSILON ENERGY LTD (EPSN)](/companies/epsn.md) | COM | $18.8m | 10.1% | 3,470,761 |  | Unchanged |
| [ALPHA COGNITION INC (ACOG)](/companies/acog.md) | COM NEW | $13.9m | 7.4% | 1,924,617 |  | Unchanged |
| [SONIDA SENIOR LIVING INC (SNDA)](/companies/snda.md) | COM | $13.8m | 7.4% | 337,679 |  | Reduced −108,200 |
| [LEE ENTERPRISES INC (LEE)](/companies/lee.md) | COM | $13.7m | 7.4% | 1,549,944 |  | Reduced −134,542 |
| [INSPERITY INC (NSP)](/companies/nsp.md) | COM | $11.6m | 6.2% | 281,852 |  | Added +30,000 |
| [GROCERY OUTLET HLDG CORP (GO)](/companies/go.md) | COM | $11.4m | 6.1% | 1,139,058 |  | Reduced −256,127 |
| [ADVANSIX INC (ASIX)](/companies/asix.md) | COM | $11.4m | 6.1% | 571,324 |  | Added +54,295 |
| [ADVANCE AUTO PARTS INC (AAP)](/companies/aap.md) | COM | $10.5m | 5.6% | 169,163 |  | Unchanged |
| [KYNDRYL HLDGS INC (KD)](/companies/kd.md) | COMMON STOCK | $10.4m | 5.5% | 915,443 |  | Unchanged |
| [MOLINA HEALTHCARE INC (MOH)](/companies/moh.md) | COM | $9.2m | 4.9% | 40,219 |  | Reduced −28,500 |
| [EURONET WORLDWIDE INC (EEFT)](/companies/eeft.md) | COM | $9.1m | 4.9% | 124,988 |  | Added +53,000 |
| [SANUWAVE HEALTH INC (SNWV)](/companies/snwv.md) | COM | $6.1m | 3.3% | 610,968 |  | Added +323,454 |
| [SEAPORT ENTMT GROUP INC (SEG)](/companies/seg.md) | COMMON STOCK | $5.7m | 3.0% | 212,892 |  | Reduced −10,026 |
| BURFORD CAPITAL LIMITED | ORD SHS | $5.0m | 2.7% | 1,210,944 |  | Added +230,000 |
| [MAIA BIOTECHNOLOGY INC (MAIA)](/companies/maia.md) | COM | $4.4m | 2.3% | 3,030,845 |  | Reduced −1,266,159 |
| [ENVIRI CORP (NVRI)](/companies/nvri.md) | COM ADDED | $4.0m | 2.2% | 183,333 |  | New +183,333 |
| [LUXEXPERIENCE BV (LUXE)](/companies/luxe.md) | SPONSORED ADS | $2.6m | 1.4% | 344,529 |  | New +344,529 |
| ALIGHT INC | COM CL A | $2.4m | 1.3% | 4,253,822 |  | Unchanged |
| [MODULAR MED INC (MODD)](/companies/modd.md) | COM NEW | $2.0m | 1.1% | 438,095 |  | Added +150,000 |
| [HAIN CELESTIAL GROUP INC (HAIN)](/companies/hain.md) | COM | $479.6k | 0.3% | 856,064 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [ALGOMA STL GROUP INC (ASTL)](/companies/astl.md) | COM | $0 | 0.0% | 0 |  | Sold out −1,047,454 |
| ENVIRI CORP | COM | $0 | 0.0% | 0 |  | Sold out −201,205 |
| [MERCER INTL INC (MERC)](/companies/merc.md) | COM | $0 | 0.0% | 0 |  | Sold out −790,338 |

Source: SEC EDGAR, Form 13F-HR, accession 0001604867-26-000017. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.