Meteora Capital, LLC (the “Adviser,” “we” or “us”) is a Delaware limited liability
company that commenced business operations in February 2021. The Adviser’s principal
owner is Vikas Mittal.
The Adviser’s investment objective is to achieve consistent returns, independent of stock
market movements. The Adviser seeks to minimize market risks by identifying and
exploiting inefficiencies in the financial markets, thereby generating returns that are not
correlated to stock market performance. Subject to any limitations or restrictions that a
client (as defined below) may impose, the Adviser seeks to ensure that clients are aware of
the risks involved in these portfolio strategies.
The Adviser currently manages a SPAC Strategy (as defined in Item 8) on behalf of the
Funds (as defined below). The SPAC Strategy is described in detail in Item 8.
We currently manage the following private investment funds (each, including any future
investment funds pursuing a substantially similar or overlapping investment strategy, a
“Fund” and, collectively, the “Funds”):
• Meteora Capital Partners, LP
• Meteora Capital Partners Offshore, LP
• Meteora Special Opportunity Fund I, LP (f/k/a Glazer Special Opportunity
Fund i, LP)
• Meteora Special Opportunity Offshore Fund i, LP (f/k/a Glazer Special
Opportunity Offshore Fund i, LP)
Meteora Capital GP, LLC is the general partner for Meteora Capital Partners, LP, Meteora
Capital Partners Offshore, LP, Meteora Special Opportunity Fund i, LP and Meteora
Special Opportunity Offshore Fund i, LP (together the “General Partner”). The General
Partner is owned by Vikas Mittal. Unless and only to the extent that the context otherwise
requires, references to the Adviser, we or us herein are deemed to include references
to the
General Partner as well.
We provide discretionary investment advice to the Funds. In addition, the Adviser provides
discretionary investment advice to other private investment funds and separately managed
accounts. We may in the future provide discretionary and/or non-discretionary investment
advice to other private investment funds and/or separately managed accounts or funds-of-
one, in each case including those in which the Adviser or its affiliates or their respective
partners, members, directors, officers or employees may invest (collectively with the
Funds, the “clients” or the “Meteora Clients”).
Each Fund is managed in accordance with its own investment and trading objectives, as
described in its offering and governing agreements (collectively, the “Fund Documents”).
We generally do not permit investors in the Funds that we manage to impose limitations
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on the investment activities described in the Fund Documents.
Under certain circumstances, we may contract with a client to adhere to limited risk and/or
operating guidelines imposed by the client. We negotiate such arrangements on a case-by-
case basis.
The Adviser has investment discretion over a portion of assets of two funds on behalf of
another registered investment adviser. These Separately Managed Accounts generally are
invested pari parsu with another fund advised by Meteora Capital, LLC for certain
investment opportunities as required by the registered investment advisor of these
Separately Managed Accounts.
As of December 31, 2023, we managed approximately $871.5 million in regulatory assets
under management for our clients on a discretionary basis. Currently, we do not manage
any assets on a non-discretionary basis.