UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2024
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Two Seas Capital LP
Address:
32 ELM PLACE, 3RD FLOOR
RYE, NY 10580
Form 13F File Number:
028-22002

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Lawrence V. Palermo
Title:
Chief Financial Officer
Phone:
646.420.4504


Signature, Place, and Date of Signing:

/s/ Lawrence V. Palermo
                         [Signature]
Rye, NEW YORK
                 [City, State]
02-14-2025
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
34
Form 13F Information table Value Total:
1157330770
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ADAPTIMMUNE THERAPEUTICS PLCSPONDS ADR00653A1077,991,69314,835,146SHSOLE14,835,146 0 0
ALPHABET INCCAP STK CL A02079K3054,732,50025,000SHSOLE25,000 0 0
APPLIED DIGITAL CORPCOM NEW0381692075,062,165662,587SHSOLE662,587 0 0
ARBUTUS BIOPHARMA CORPCOM03879J10028,582,9268,740,956SHSOLE8,740,956 0 0
ARDELYX INCCOM0396971079,406,5591,855,337SHSOLE1,855,337 0 0
AVADEL PHARMACEUTICALS PLCCOM SHSG2968710345,155,6794,296,449SHSOLE4,296,449 0 0
BIT DIGITAL INCSHSG1144A1051,940,873662,414SHSOLE662,414 0 0
BITDEER TECHNOLOGIES GROUPCL A ORD SHSG114481009,383,717433,028SHSOLE433,028 0 0
CALUMET INCCOM13142810439,269,0151,783,334SHSOLE1,783,334 0 0
CALUMET INCCOM1314281048,808,000400,000SHCallSOLE400,000 0 0
CONSTELLATION ENERGY CORPCOM21037T10922,027,15898,463SHSOLE98,463 0 0
CORE SCIENTIFIC INC NEW*W EXP 01/23/20221874A1142,312,046280,248SHSOLE280,248 0 0
CORE SCIENTIFIC INC NEWCOM21874A10687,572,0766,232,888SHSOLE6,232,888 0 0
ESPERION THERAPEUTICS INC NECOM29664W10513,707,9166,230,871SHSOLE6,230,871 0 0
ESPERION THERAPEUTICS INC NENOTE 4.000%11/129664WAB15,162,1945,315,000PRNSOLE5,315,000 0 0
GANNETT CO INCCOM36472T1092,530,000500,000SHSOLE500,000 0 0
GANNETT CO INCCOM36472T1095,772,9541,140,900SHCallSOLE1,140,900 0 0
GANNETT CO INCCOM36472T1093,613,852714,200SHCallSOLE714,200 0 0
GANNETT CO INCCOM36472T1093,368,442665,700SHCallSOLE665,700 0 0
HUT 8 CORPCOM44812J1049,769,796476,808SHSOLE476,808 0 0
IMMUNOVANT INCCOM45258J10237,442,6791,511,614SHSOLE1,511,614 0 0
INDIVIOR PLCORDG4766E116154,846,89912,457,514SHSOLE12,457,514 0 0
INVESCO QQQ TRUNIT SER 146090E103101,734,770199,000SHPutSOLE199,000 0 0
IREN LIMITEDORDINARY SHARESQ4982L1098,445,200860,000SHSOLE860,000 0 0
META PLATFORMS INCCL A30303M10210,841,30318,516SHSOLE18,516 0 0
ODYSSEY MARINE EXPL INCCOM NEW6761182011,835,3152,549,049SHSOLE2,549,049 0 0
ROIVANT SCIENCES LTDSHSG76279101120,285,15710,167,807SHSOLE10,167,807 0 0
SABLE OFFSHORE CORPCOM SHS78574H1043,630,062158,518SHSOLE158,518 0 0
SONOS INCCOM83570H1087,955,077528,928SHSOLE528,928 0 0
SOTERA HEALTH COCOM83601L10239,619,1402,896,136SHSOLE2,896,136 0 0
SPDR S&P 500 ETF TRTR UNIT78462F103117,216,000200,000SHCallSOLE200,000 0 0
TALEN ENERGY CORPCOM87422Q109114,530,658568,475SHSOLE568,475 0 0
TALEN ENERGY CORPCOM87422Q10970,514,500350,000SHCallSOLE350,000 0 0
VISTRA CORPCOM92840M10252,264,449379,085SHSOLE379,085 0 0