Solas Capital Management, LLC

Solas Capital Management, LLC, established in 2004, is a registered investment adviser specializing in providing investment advisory services to private investment funds and pooled investment vehicles. The firm's investment strategy focuses on fundamental value in equity and equity-related securities, aiming for absolute returns and capital preservation. Solas manages discretionary Regulatory Assets Under Management of approximately $599,371,000 as of December 31, 2024. The firm charges a 1.5% annual management fee and earns a 20% performance allocation for the private investment funds it manages. Clients typically have a minimum initial investment of $500,000 for the funds, which may be waived at the firm's discretion. Solas does not compensate third parties for client referrals and has not been involved in any legal or disciplinary events. The firm exercises investment discretion over client assets and has implemented Proxy Voting Policies and Procedures to address conflicts of interest. Solas provides detailed financial information and disclosures to ensure transparency and compliance with regulatory requirements.