Overview
Armistice Capital, LLC (“Armistice”), a Delaware limited liability company, is an investment management
firm located in New York that commenced operations on May 1, 2012. Steven J. Boyd (the “Managing
Member”) is Armistice’s principal and majority owner. Armistice provides discretionary investment
advisory services to private investment funds (the “Funds” or the “Advisory Clients”), which include:
Armistice Capital Fund LP, a Delaware limited partnership that launched on July 1, 2012 (the “Domestic
Fund”); Armistice Capital Offshore Fund Ltd., an exempted company incorporated under the laws of the
Cayman Islands that launched on August 1, 2012 (the “Offshore Fund”); and Armistice Capital Master
Fund Ltd., an exempted company incorporated under the laws of the Cayman Islands (the “Master Fund”)
that launched on July 1, 2012.
The Domestic Fund and the Offshore Fund (together, the “Feeder Funds”) invest substantially all of their
assets in the Master Fund, through a master-feeder fund structure.
It should also be noted that Armistice Capital GP, LLC (the “General Partner”), an affiliate of Armistice,
is also majority owned by Mr. Boyd and acts as General Partner to the Domestic Fund.
The Feeder Funds, through their investments in the Master Fund, seek to achieve long-term capital
appreciation by employing an opportunistic global long/short strategy for investing primarily in equity
securities, equity-related instruments, debt investments, and other assets. In all
of its investing activities,
the Funds seek to emphasize capital preservation and seek to mitigate risk through various hedging
strategies at both the position and portfolio levels. To achieve this objective, the Funds seek to focus on
strategic value, event, and thematic investment opportunities (both long and short) in a variety of industries.
It should be noted that the Funds invest a portion of their assets in illiquid investments (with some
limitation), including, investments in securities of non-public companies.
While it is anticipated that the Funds will continue to invest primarily in equities and equity-related
securities in the both the U.S. and non-U.S. markets, Armistice has broad and flexible investment authority
with respect to the Funds.
The Funds have entered into and may in the future enter into agreements (“Side Letters”) with certain
prospective or existing investors whereby such investors are subject to terms and conditions that are more
advantageous than those set forth in the respective Fund’s offering documents. The modifications are solely
at the discretion of Armistice and may, among other things, be based on the size of the investor’s investment
in the Funds, an agreement by an investor to maintain such investment in the Funds for a significant period
of time, or other similar commitment by an investor to the Funds.
As of December 31, 2023, Armistice managed approximately $5,911,150,000of regulatory assets on a
discretionary basis.