Solas Capital Management, LLC (the “Adviser”, “Solas” or “we”) is a Delaware limited liability company and has its principal place of business in Darien, Connecticut. The Adviser has been in the investment advisory business since 2004. The Adviser currently provides investment advisory services to a private investment fund which is offered to sophisticated investors, a private investment fund that is offered to a particular investor and its affiliates and a sleeve of a pooled investment vehicle operated by a third party. The private investment funds and pooled investment vehicle are sometimes referred to together as “Clients.” The Adviser may provide investment advisory services to other funds, pooled investment vehicles and to separately managed accounts in the future. Frederick Tucker Golden (the “Portfolio Manager”) indirectly owns and controls the Adviser and the General Partner (defined below) and has overall responsibility for investment decisions regarding the Clients’ portfolios. The private investment funds we manage are Solas Capital Partners, LP and Solas Capital Partners II, LP, each a Delaware limited partnership (each a “Fund” and together, the “Funds”). Solas Capital, LLC (the “General Partner”), an affiliate of the Adviser, serves as each Fund’s general partner. The interests in the Funds are offered on a private placement basis, pursuant to Section 3(c)(1) of the Investment Company Act of 1940, as amended, (the “Investment Company Act”) to persons who generally are “accredited investors” as defined under the Securities Act of 1933, as amended, and “qualified clients” as defined under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and subject to certain other conditions, which are set forth in the applicable Fund’s Offering Documents (defined below). Solas has discretion with respect to investment decisions made for the Funds, and with respect to the selection of brokers, dealers and other counterparties for such transactions, and the amount of commissions or other compensation to be paid by the Funds. Solas provides investment advisory services to the Funds tailored towards the particular investment objectives, restrictions, and strategies described in the applicable Fund’s Offering Documents. Please refer to Item 8 of this brochure for a more

detailed description of the Adviser’s investment strategies, as well as a description of the types of securities and other investments purchased by the Funds under the management of the Adviser. Investment advice is provided directly to the Funds, not individually to its underlying investors. All discussions of a Fund in this brochure, including but not limited to its investments, the strategies used in managing the Fund, the fees and other costs associated with an investment in the Fund, and conflicts of interest faced by the Adviser and its affiliates in connection with management of the Fund are qualified in their entirety by reference to the Fund’s confidential offering memorandum, limited partnership agreement and other governing documents (referred to collectively as “Offering Documents”). In addition to the Funds, Solas provides investment advisory services to a sleeve of a pooled investment vehicle operated by a third party (the “Pool”). These services are provided on a discretionary basis, as set forth in a written investment advisory agreement. Solas invests the Pool’s assets in accordance with the same investment objectives and strategies and similar restrictions applicable to the Funds. As well, the Pool is subject to similar terms and conditions that are applicable to the Funds. Solas also provides investment research and position sizing, which is anonymized through an intermediary, on a delayed basis to a third-party investment manager. In return, Solas receives compensation based on a variety of factors, including the fees generated by such third-party investment manager and performance of positions for which Solas provided information. Solas also receives research credits to be applied toward certain portfolio optimization and risk management software products. Separately managed account Clients may impose, in the written investment advisory agreements, reasonable restrictions, objectives, and/or guidelines on investing in certain securities or types of securities. As of December 31, 2023, Solas had discretionary Regulatory Assets Under Management of approximately $599,105,000 which is attributable to the Funds and Pool. Solas does not manage any assets on a non- discretionary basis.