Q3 2025 · 13F-HR
Indaba Capital Management, L.P.holdings as filed
Filed 2025-11-14 · accession 0001011438-25-000573
$60.7M
Reported value
5
Positions
2025-09-30
Period end
The Brief · Indaba Capital Management, L.P. · Q3 2025
AI · grounded in 13F
Indaba Capital Management, L.P. established a new position in ONTF valued at $24.25M. The fund also initiated new holdings in IRONWOOD PHARMACEUTICALS INC [[stock:IRWD 1.5 06/15/26]] for $17.79M and BANDWIDTH INC [[stock:BAND 0.5 04/01/28]] for $11.08M. Additional new positions include SUMMIT HOTEL PPTYS [[stock:INN 1.5 02/15/26]] and ELME.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 68339B104 | ONTF | ON24 INC | $24.3M | 40.0% | 4,240,256 | Common | SOLE |
| 46333XAH1 | IRWD 1.5 06/15/26 | IRONWOOD PHARMACEUTICALS INC | $17.8M | 29.3% | 20,000,000 | Common | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | BANDWIDTH INC | $11.1M | 18.3% | 13,000,000 | Common | SOLE |
| 866082AA8 | INN 1.5 02/15/26 | SUMMIT HOTEL PPTYS | $6.4M | 10.6% | 6,539,000 | Common | SOLE |
| 939653101 | ELME | ELME COMMUNITIES | $1.1M | 1.85% | 66,502 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.