Heights Capital Management 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
Estimated average burden
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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	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AGRICULTURE & NAT SOL ACQ CO	SHS CL A	G0131Y100	367,239	35,482	SH		DFND	12	35,482	0	0
AGRICULTURE & NAT SOL ACQ CO	*W EXP 10/01/202	G0131Y118	2,725	10,481	SH		DFND	12	10,481	0	0
AIMFINITY INVESTMENT CORP I	*W EXP 99/99/999	G0135E126	422	21,000	SH		DFND	12	21,000	0	0
AINOS INC	*W EXP 07/29/202	00902F113	2,063	82,500	SH		DFND	12	82,500	0	0
AMERANT BANCORP INC	CL A	023576101	213,700	10,000	SH		DFND	12	10,000	0	0
AMPLITECH GROUP INC	*W EXP 02/26/202	03211Q119	1,866	46,662	SH		DFND	12	46,662	0	0
ANDRETTI ACQUISITION CORP II	UNIT 99/99/9999	G26745110	266,000	26,600	SH		DFND	12	26,600	0	0
ANTELOPE ENTERPRISE HLDGS LT	SHS NEW	G041JN122	18,902	25,036	SH		DFND	12	25,036	0	0
AQUARON ACQUISITION CORP	RIGHT 07/15/2026	03842W113	38,800	194,000	SH		DFND	12	194,000	0	0
ARMADA HOFFLER PPTYS INC	COM	04208T108	379,050	35,000	SH		DFND	12	35,000	0	0
BANZAI INTERNATIONAL INC	*W EXP 12/14/202	06682J118	90	11,072	SH		DFND	12	11,072	0	0
BAYVIEW ACQUISITION CORP	RIGHT 99/99/9999	07323B118	22,200	147,900	SH		DFND	12	147,900	0	0
BELLEVUE LIFE SCNCS AQSTN CO	*W EXP 02/09/202	079174116	2,423	100,942	SH		DFND	12	100,942	0	0
BELLEVUE LIFE SCNCS AQSTN CO	RIGHT 02/09/2028	079174124	17,054	156,176	SH		DFND	12	156,176	0	0
BENEFICIENT	*W EXP 06/07/202	08178Q119	483	67,109	SH		DFND	12	67,109	0	0
BIODESIX INC	COM	09075X108	567,405	318,767	SH		DFND	12	318,767	0	0
BIOMX INC	COM NEW	09090D301	600,808	589,027	SH		DFND	12	589,027	0	0
BLACK SPADE ACQUISITION II C	UNIT 02/15/2029	G1153L125	199,200	20,000	SH		DFND	12	20,000	0	0
BLACKSKY TECHNOLOGY INC	CL A NEW	09263B207	1,357,204	286,330	SH		DFND	12	286,330	0	0
BROAD CAPITAL ACQUISITION CO	RIGHT 01/10/2027	11125B110	12,000	100,000	SH		DFND	12	100,000	0	0
BUKIT JALIL GBL ACQUISITION	ORD SHS	G1676M105	1,091,000	100,000	SH		DFND	12	100,000	0	0
BUKIT JALIL GBL ACQUISITION	*W EXP 12/30/202	G1676M113	1,397	46,579	SH		DFND	12	46,579	0	0
BUKIT JALIL GBL ACQUISITION	RIGHT 12/30/2024	G1676M121	12,000	100,000	SH		DFND	12	100,000	0	0
CANTOR EQUITY PARTNERS INC	SHS CL A	G4491L104	3,006,000	300,000	SH		DFND	12	300,000	0	0
CARGO THERAPEUTICS INC	COM	14179K101	1,157,645	62,745	SH		DFND	12	62,745	0	0
CAYSON ACQUISITION CORP	UNIT 99/99/9999	G1993W125	1,503,000	150,000	SH		DFND	12	150,000	0	0
CEA INDUSTRIES INC	*W EXP 02/11/202	86887P119	2,510	100,000	SH		DFND	12	100,000	0	0
CHENGHE ACQUISITION II CO	CL A ORD SHS	G20873108	501,000	50,000	SH		DFND	12	50,000	0	0
CHENGHE ACQUISITION II CO	*W EXP 05/30/203	G20873116	1,743	24,900	SH		DFND	12	24,900	0	0
CHURCHILL CAPITAL CORP IX	CL A SHS	G21301109	489,978	48,900	SH		DFND	12	48,900	0	0
CLIMATEROCK	RIGHT 10/31/2028	G2311X134	4,515	50,000	SH		DFND	12	50,000	0	0
CONDUIT PHARMACEUTICALS INC	*W EXP 09/22/202	20678X114	932	78,958	SH		DFND	12	78,958	0	0
CROWN LNG HLDGS LTD	*W EXP 07/09/202	G268AP117	3,052	136,232	SH		DFND	12	136,232	0	0
DATA STORAGE CORP	*W EXP 05/18/202	23786R110	15,950	29,000	SH		DFND	12	29,000	0	0
DIH HLDG US INC	*W EXP 04/20/202	23290B114	8,655	216,377	SH		DFND	12	216,377	0	0
DISTOKEN ACQUISITION CORP	*W EXP 11/30/202	G27740102	843	49,868	SH		DFND	12	49,868	0	0
DISTOKEN ACQUISITION CORP	RIGHT 99/99/9999	G27740136	8,800	80,000	SH		DFND	12	80,000	0	0
DT CLOUD ACQUISITION CORP	ORD SHS	G28524117	929,962	90,200	SH		DFND	12	90,200	0	0
DT CLOUD ACQUISITION CORP	RIGHT 02/14/2029	G28524133	25,000	100,000	SH		DFND	12	100,000	0	0
DT CLOUD STAR ACQUISITION CO	UNIT 99/99/9999	G2853N122	1,009,000	100,000	SH		DFND	12	100,000	0	0
DUET ACQUISITION CORP	*W EXP 07/19/202	26431Q114	8,939	458,408	SH		DFND	12	458,408	0	0
ECARX HOLDINGS INC	*W EXP 99/99/999	G29201111	3,012	149,100	SH		DFND	12	149,100	0	0
EMBRACE CHANGE ACQUISITN COR	*W EXP 10/25/202	G3034H125	1,005	68,399	SH		DFND	12	68,399	0	0
EMBRACE CHANGE ACQUISITN COR	RIGHT 10/25/2026	G3034H141	13,035	118,500	SH		DFND	12	118,500	0	0
ENVVENO MEDICAL CORPORATION	COM	29415J106	475,363	141,477	SH		DFND	12	141,477	0	0
EQV VENTURES ACQUISITION COR	UNIT 99/99/9999	G3106N125	929,190	93,574	SH		DFND	12	93,574	0	0
ESS TECH INC	*W EXP 10/08/202	26916J114	21,690	586,218	SH		DFND	12	586,218	0	0
EUREKA ACQUISITION CORP	UNIT 06/25/2029	G32168117	157,388	15,400	SH		DFND	12	15,400	0	0
EVERGREEN CORPORATION	*W EXP 02/08/202	G3312W117	9,199	153,311	SH		DFND	12	153,311	0	0
FLAG SHIP ACQUISITION CORP	ORD SHS	G3530C109	3,149,420	314,000	SH		DFND	12	314,000	0	0
FLAG SHIP ACQUISITION CORP	RIGHT 03/31/2026	G3530C117	37,492	314,000	SH		DFND	12	314,000	0	0
FLUTTER ENTMT PLC	SHS	G3643J108	69,803,030	294,180	SH		DFND	12	294,180	0	0
FORTUNE RISE ACQUISITION COR	*W EXP 12/06/202	34969G110	1,496	54,996	SH		DFND	12	54,996	0	0
FOUR LEAF ACQUISITION CORP	COM CL A	35088F107	535,921	49,122	SH		DFND	12	49,122	0	0
FOUR LEAF ACQUISITION CORP	*W EXP 03/15/202	35088F115	4,146	69,100	SH		DFND	12	69,100	0	0
FUTURE VISION II ACQUISITION	UNIT 06/20/2029	G37068122	3,256,500	325,000	SH		DFND	12	325,000	0	0
FUTURETECH II ACQUISITION CO	*W EXP 08/18/202	36119D111	1,046	42,859	SH		DFND	12	42,859	0	0
GEOVAX LABS INC	*W EXP 09/29/202	373678119	5,941	53,960	SH		DFND	12	53,960	0	0
GLOBAL BLOCKCHAIN ACQUI CORP	RIGHT 05/09/2027	37961B112	48,188	625,000	SH		DFND	12	625,000	0	0
GLOBAL BLOCKCHAIN ACQUI CORP	*W EXP 05/09/202	37961B120	8,044	475,965	SH		DFND	12	475,965	0	0
GLOBAL LIGHTS ACQUISITION CO	ORD SHS	G3937F101	558,083	53,354	SH		DFND	12	53,354	0	0
GLOBAL LIGHTS ACQUISITION CO	RIGHT 11/14/2024	G3937F119	13,982	99,800	SH		DFND	12	99,800	0	0
GLOBAL STAR ACQUISITION INC	*W EXP 07/15/202	37962G110	1,448	72,389	SH		DFND	12	72,389	0	0
GLOBAL STAR ACQUISITION INC	RIGHT 06/21/2024	37962G128	15,600	120,000	SH		DFND	12	120,000	0	0
GLOBALINK INVT INC	RIGHT 12/06/2026	37892F117	6,537	54,478	SH		DFND	12	54,478	0	0
GOLD ROYALTY CORP	*W EXP 05/31/202	38071H122	74,819	249,397	SH		DFND	12	249,397	0	0
GOLDEN STAR ACQUISITION CORP	USD ORD SHS	G4023C101	392,716	36,029	SH		DFND	12	36,029	0	0
GOLDENSTONE ACQUISITION LTD	COM	38136Y102	1,232,966	109,890	SH		DFND	12	109,890	0	0
GOLDENSTONE ACQUISITION LTD	*W EXP 07/15/202	38136Y110	2,696	107,827	SH		DFND	12	107,827	0	0
GOLDENSTONE ACQUISITION LTD	RIGHT 07/15/2026	38136Y128	28,500	150,000	SH		DFND	12	150,000	0	0
GP-ACT III ACQUISITION CORP	CL A	G4035N103	4,636,800	460,000	SH		DFND	12	460,000	0	0
GP-ACT III ACQUISITION CORP	*W EXP 05/13/202	G4035N129	22,231	202,101	SH		DFND	12	202,101	0	0
GRIID INFRASTRUCTURE INC	*W EXP 12/29/202	398501114	1,255	37,472	SH		DFND	12	37,472	0	0
HAYMAKER ACQUISITION CORP IV	CLASS A	G4375F108	2,079,521	195,077	SH		DFND	12	195,077	0	0
HCM II ACQUISITION CORP	UNIT 99/99/9999	G43658114	799,200	80,000	SH		DFND	12	80,000	0	0
HHG CAPITAL CORPORATION	*W EXP 02/25/202	G4R23P129	113	18,475	SH		DFND	12	18,475	0	0
HHG CAPITAL CORPORATION	RIGHT 02/25/2026	G4R23P145	5,949	96,567	SH		DFND	12	96,567	0	0
HUDSON ACQUISITION I CORP	RIGHT 99/99/9999	44364H118	40,306	197,000	SH		DFND	12	197,000	0	0
HYCROFT MINING HOLDING CORP	*W EXP 10/06/202	44862P133	416	15,174	SH		DFND	12	15,174	0	0
IB ACQUISITION CORP	COM SHS	44934N108	2,500,000	250,000	SH		DFND	12	250,000	0	0
IB ACQUISITION CORP	RIGHT 09/28/2025	44934N116	17,525	250,000	SH		DFND	12	250,000	0	0
INMUNE BIO INC	COM	45782T105	328,671	60,978	SH		DFND	12	60,978	0	0
INNOVATIVE EYEWEAR INC	COM NEW	45791D208	171,025	20,482	SH		DFND	12	20,482	0	0
INSIGHT ACQUISITION CORP	*W EXP 08/26/202	45784L118	1,396	27,340	SH		DFND	12	27,340	0	0
IRON HORSE ACQUISITIONS CORP	COM	462837105	1,681,788	165,043	SH		DFND	12	165,043	0	0
IRON HORSE ACQUISITIONS CORP	*W EXP 99/99/999	462837113	6,140	200,000	SH		DFND	12	200,000	0	0
IRON HORSE ACQUISITIONS CORP	RIGHT 99/99/9999	462837121	34,000	200,000	SH		DFND	12	200,000	0	0
IVEDA SOLUTIONS INC	*W EXP 04/01/202	46583A113	1,091	54,000	SH		DFND	12	54,000	0	0
KAIROUS ACQUISITION CORP LTD	RIGHT 09/15/2026	G52131136	3,970	56,630	SH		DFND	12	56,630	0	0
KEEN VISION ACQUISITION CORP	SHS	G52443119	988,618	91,879	SH		DFND	12	91,879	0	0
KEEN VISION ACQUISITION CORP	*W EXP 03/15/202	G52443127	2,210	45,940	SH		DFND	12	45,940	0	0
LEMONADE INC	*W EXP 02/09/202	52567D115	2,846	88,946	SH		DFND	12	88,946	0	0
LEXARIA BIOSCIENCE CORP	*W EXP 01/14/202	52886N117	37,910	41,251	SH		DFND	12	41,251	0	0
LIONHEART HOLDINGS	SHS CL A	G5501C109	1,000,000	100,000	SH		DFND	12	100,000	0	0
LIONHEART HOLDINGS	*W EXP 06/07/203	G5501C117	3,965	50,000	SH		DFND	12	50,000	0	0
M3BRIGADE ACQUISITION V CORP	UNIT 99/99/9999	G63212123	1,003,000	100,000	SH		DFND	12	100,000	0	0
MARS ACQUISITION CORP	RIGHT 99/99/9999	G5870E124	34,875	155,000	SH		DFND	12	155,000	0	0
MDXHEALTH SA	SHS NEW	B5950S113	676,000	325,000	SH		DFND	12	325,000	0	0
MELAR ACQUISITION CORP. I	SHS CL A	G6004G100	999,500	100,000	SH		DFND	12	100,000	0	0
MELAR ACQUISITION CORP. I	*W EXP 06/01/203	G6004G118	6,875	50,000	SH		DFND	12	50,000	0	0
METAL SKY STAR ACQUISITION C	RIGHT 12/31/2025	G6053N113	2,756	55,000	SH		DFND	12	55,000	0	0
METAL SKY STAR ACQUISITION C	*W EXP 03/31/202	G6053N121	462	55,000	SH		DFND	12	55,000	0	0
NABORS ENERGY TRANSITION COR	CL A	G6363K106	530,317	49,795	SH		DFND	12	49,795	0	0
NOCO NOCO INC	*W EXP 08/25/202	G7243P117	1,240	124,026	SH		DFND	12	124,026	0	0
NORTHVIEW ACQUISITION CORP	RIGHT 99/99/9999	66718N129	22,352	437,419	SH		DFND	12	437,419	0	0
NOVA VISION ACQUISITION CORP	*W EXP 12/31/202	G6759A118	4,626	102,811	SH		DFND	12	102,811	0	0
NOVA VISION ACQUISITION CORP	RIGHT 99/99/9999	G6759A134	46,107	188,193	SH		DFND	12	188,193	0	0
NYXOAH S A	SHS	B6S7WD106	1,429,196	149,654	SH		DFND	12	149,654	0	0
OAK WOODS ACQUISITION CORP	CL A	67190B104	999,000	90,000	SH		DFND	12	90,000	0	0
OAK WOODS ACQUISITION CORP	*W EXP 99/99/999	67190B112	2,945	73,615	SH		DFND	12	73,615	0	0
OAK WOODS ACQUISITION CORP	RIGHT 03/23/2028	67190B120	24,480	90,000	SH		DFND	12	90,000	0	0
OATLY GROUP AB	NOTE 9.250% 9/1	67421JAC2	7,988,083	11,010,908	PRN		DFND	12	0	0	0
ONDAS HLDGS INC	COM NEW	68236H204	745,521	966,953	SH		DFND	12	966,953	0	0
PROMIS NEUROSCIENCES INC	COM NEW	74346M406	483,618	386,894	SH		DFND	12	386,894	0	0
QOMOLANGMA ACQUISITION CORP	*W EXP 09/29/202	74738V113	717	49,799	SH		DFND	12	49,799	0	0
QOMOLANGMA ACQUISITION CORP	RIGHT 09/29/2027	74738V121	10,000	50,000	SH		DFND	12	50,000	0	0
ROYALTY MGMT HLDG CORP	*W EXP 05/28/202	02369M110	3,594	359,353	SH		DFND	12	359,353	0	0
RYVYL INC	COM	39366L307	35,884	27,185	SH		DFND	12	27,185	0	0
SABLE OFFSHORE CORP	COM SHS	78574H104	6,498,250	275,000	SH		DFND	12	275,000	0	0
SAVERONE 2014 LTD	*W EXP 06/02/202	80516T113	3,200	40,000	SH		DFND	12	40,000	0	0
SCILEX HOLDING CO	COM	80880W106	215,860	233,463	SH		DFND	12	233,463	0	0
SPLASH BEVERAGE GROUP INC	*W EXP 06/15/202	84862C112	2,918	288,884	SH		DFND	12	288,884	0	0
SURGEPAYS INC	*W EXP 10/22/202	86882L113	3,175	197,185	SH		DFND	12	197,185	0	0
SURROZEN INC	COM NEW	86889P208	353,088	29,999	SH		DFND	12	29,999	0	0
TECHNOLOGY & TELECOM ACQ COR	*W EXP 04/15/202	G87119114	4,278	178,270	SH		DFND	12	178,270	0	0
TENON MEDICAL INC	*W EXP 06/16/202	88066N113	30,482	999,400	SH		DFND	12	999,400	0	0
THERIVA BIOLOGICS INC	COM NEW	87164U508	195,902	141,958	SH		DFND	12	141,958	0	0
TMT ACQUISITION CORP	RIGHT 03/27/2028	G89229135	4,618	16,916	SH		DFND	12	16,916	0	0
TRAILBLAZER MERGER CORP I	RIGHT 04/21/2028	89278D125	20,800	130,000	SH		DFND	12	130,000	0	0
VERIFYME INC	*W EXP 06/22/202	92346X115	4,065	67,870	SH		DFND	12	67,870	0	0
VERSUS SYSTEMS INC	*W EXP 01/15/202	92535P147	5,500	100,000	SH		DFND	12	100,000	0	0
VINE HILL CAP INVT CORP.	UNIT 09/06/2026	G93Y09123	557,900	55,790	SH		DFND	12	55,790	0	0
VOYAGER ACQUISITION CORP	UNIT 99/99/9999	G93A7H120	2,500,000	250,000	SH		DFND	12	250,000	0	0
WESTERN ACQSTN VENTURES CORP	*W EXP 99/99/999	95758L115	9,552	438,185	SH		DFND	12	438,185	0	0
WINVEST ACQUISITION CORP	*W EXP 08/09/202	97655B117	3,517	258,629	SH		DFND	12	258,629	0	0
WINVEST ACQUISITION CORP	RIGHT 99/99/9999	97655B125	46,447	290,295	SH		DFND	12	290,295	0	0
YHN ACQUISITION I LTD	UNIT 08/15/2029	G1514D119	290,580	29,000	SH		DFND	12	29,000	0	0
YOTTA ACQUISITION CORPORATIO	RIGHT 03/15/2027	98741Y129	4,505	50,000	SH		DFND	12	50,000	0	0