Difesa Capital (“Difesa”), founded in 2019, was established to generate consistent uncorrelated net returns and preserve investor capital by employing arbitrage strategies to extract value from equity linked securities, with a focus on special purpose acquisition companies (“SPACs”), as well as convertible securities and warrants.

STRATEGY FOCUSED ON UNCORRELATED RETURNS

Seeks to offer uncorrelated returns through SPAC and equity linked arbitrage strategies

EQUITY LINKED ARBITRAGE ACROSS ASSET CLASSES

Interdisciplinary skillset tapped to effectively operate across well-known arbitrage strategies – e.g. SPAC arbitrage, warrant arbitrage, merger arbitrage, convertible arbitrage, and credit

SPACS PRESENT A COMPELLING ASYMMETRIC RETURN PROFILE

Provides fixed income-like returns (return of principal if no M&A deal is made, or if investor puts its common to the sponsor) and attractive equity upside through warrants that can be hedged

ACROSS-THE-BOARD PROFICIENCY IN KEY SECURITIES

Utilizes well established quantitative analysis of warrants, equity linked preferreds and bonds and shareholder rights

STRONG UNDERWRITING PROCESSES

Well vetted replicable underwriting process to evaluate multiple security classes leveraging the team’s broad experiences across strategies