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      <ns1:sshPrnamt>159988</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>ChampionsGate Acquisition Corp</ns1:nameOfIssuer>
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    <ns1:cusip>G2124S116</ns1:cusip>
    <ns1:figi>BBG01VNW2868</ns1:figi>
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      <ns1:sshPrnamt>160000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>160000</ns1:Sole>
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      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Colombier Acquisition Corp III</ns1:nameOfIssuer>
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    <ns1:cusip>G2284A129</ns1:cusip>
    <ns1:figi>BBG01Y0S3P03</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>125000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>125000</ns1:Sole>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>CAPITALWORKS EMERGING M-CL A</ns1:nameOfIssuer>
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      <ns1:sshPrnamt>192057</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>192057</ns1:Sole>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Canna-Global Acquisition Corp</ns1:nameOfIssuer>
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      <ns1:sshPrnamt>30065</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>30065</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>D Boral Acquisition I Corp</ns1:nameOfIssuer>
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      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>100000</ns1:Sole>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Drugs Made In America Acquisit</ns1:nameOfIssuer>
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    <ns1:cusip>G2847J104</ns1:cusip>
    <ns1:figi>BBG01RQ5FQV1</ns1:figi>
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      <ns1:sshPrnamt>316551</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>316551</ns1:Sole>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Drugs Made In America Acquisit</ns1:nameOfIssuer>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>399391</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>399391</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Roman DBDR Acquisition Corp II</ns1:nameOfIssuer>
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    <ns1:cusip>G7633M104</ns1:cusip>
    <ns1:figi>BBG01S2WD4V7</ns1:figi>
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      <ns1:sshPrnamt>150000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>150000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>DT Cloud Star Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G2853N106</ns1:cusip>
    <ns1:figi>BBG01PQHCXK9</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>69555</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>69555</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Dt Cloud Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>Right</ns1:titleOfClass>
    <ns1:cusip>G28524133</ns1:cusip>
    <ns1:figi>BBG01MCJFXK4</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>8712</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>8712</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Dynamix Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G2949D104</ns1:cusip>
    <ns1:figi>BBG01R5ZG945</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>49514</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>49514</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Eureka Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G32168109</ns1:cusip>
    <ns1:figi>BBG01PP4YLZ5</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>295400</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>295400</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>FG Merger II Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>30334J102</ns1:cusip>
    <ns1:figi>BBG01R78HB10</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>277635</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>277635</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Future Money Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G3700S124</ns1:cusip>
    <ns1:figi>BBG01YYMTSR6</ns1:figi>
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      <ns1:sshPrnamt>175000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>175000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Four Leaf Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>35088F107</ns1:cusip>
    <ns1:figi>BBG019M65CG2</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>50600</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>50600</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Flag Ship Acquisition Corp</ns1:nameOfIssuer>
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    <ns1:cusip>G3530C109</ns1:cusip>
    <ns1:figi>BBG01417YWX9</ns1:figi>
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      <ns1:sshPrnamt>248949</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>248949</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Future Vision II Acquisition C</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G37068106</ns1:cusip>
    <ns1:figi>BBG01QLJMHK2</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>195000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>195000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>GigCapital9 Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G3865B106</ns1:cusip>
    <ns1:figi>BBG01YVBS380</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>150000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>150000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>GSR IV Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G4R12K107</ns1:cusip>
    <ns1:figi>BBG01WH8MM63</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>648959</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>648959</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Harvard Ave Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G4330A129</ns1:cusip>
    <ns1:figi>BBG01S843Y57</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>174957</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>174957</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>HELIX ACQUISITION CORP III</ns1:nameOfIssuer>
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    <ns1:cusip>G4444S107</ns1:cusip>
    <ns1:figi>BBG01YYMT603</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>150000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>150000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>HORIZON SPACE ACQUISITION II C</ns1:nameOfIssuer>
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    <ns1:figi>BBG01S4RV552</ns1:figi>
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      <ns1:sshPrnamt>4957</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>4957</ns1:Sole>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Infinite Eagle Acquisition Cor</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
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    <ns1:figi>BBG01YPNHG84</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>10000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>10000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Inflection Point Acquisition C</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G47875102</ns1:cusip>
    <ns1:figi>BBG01TVPGK30</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>1259054</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>1259054</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Inflection Point Acquisition C</ns1:nameOfIssuer>
    <ns1:titleOfClass>Right</ns1:titleOfClass>
    <ns1:cusip>G47875110</ns1:cusip>
    <ns1:figi>BBG01VKD2015</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>130000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>130000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Inflection Point Acquisition C</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G6001J107</ns1:cusip>
    <ns1:figi>BBG01SH1JG28</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>1247</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>1247</ns1:Sole>
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      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Inflection Point Acquisition C</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G4790S123</ns1:cusip>
    <ns1:figi>BBG01Z8CLZ96</ns1:figi>
    <ns1:value>2570480</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>254000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>254000</ns1:Sole>
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      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Jena Acquisition Corp II</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G5093B105</ns1:cusip>
    <ns1:figi>BBG01V9XZP13</ns1:figi>
    <ns1:value>1022500</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>100000</ns1:Sole>
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      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Jena Acquisition Corp II</ns1:nameOfIssuer>
    <ns1:titleOfClass>Right</ns1:titleOfClass>
    <ns1:cusip>G5093B113</ns1:cusip>
    <ns1:figi>BBG01V9V6KK9</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>100000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Karbon Capital Partners Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G5225W126</ns1:cusip>
    <ns1:figi>BBG01XQCY8P9</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>40000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>40000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Kochav Defense Acquisition Cor</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G5304D106</ns1:cusip>
    <ns1:figi>BBG01W7CXGY5</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>99974</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>99974</ns1:Sole>
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      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Kochav Defense Acquisition Cor</ns1:nameOfIssuer>
    <ns1:titleOfClass>Right</ns1:titleOfClass>
    <ns1:cusip>G5304D114</ns1:cusip>
    <ns1:figi>BBG01W7CXQS0</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>40350</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>40350</ns1:Sole>
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      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>K&amp;F Growth Acquisition Corp II</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G52258111</ns1:cusip>
    <ns1:figi>BBG01SMTHN28</ns1:figi>
    <ns1:value>1043000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>100000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>K&amp;F Growth Acquisition Corp II</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G52258103</ns1:cusip>
    <ns1:figi>BBG01QLQ71W5</ns1:figi>
    <ns1:value>1053950</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>98500</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>98500</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>CSLM Digital Asset Acquisition</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G2584S101</ns1:cusip>
    <ns1:figi>BBG01VP284X5</ns1:figi>
    <ns1:value>1556200</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>155000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>155000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>CSLM DIGITAL ASSET ACQU - A</ns1:nameOfIssuer>
    <ns1:titleOfClass>Warrant</ns1:titleOfClass>
    <ns1:cusip>G2584S119</ns1:cusip>
    <ns1:figi>BBG01XBVDSZ1</ns1:figi>
    <ns1:value>47501</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>190004</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>190004</ns1:Sole>
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      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Rice Acquisition Corp 3</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G7553X122</ns1:cusip>
    <ns1:figi>BBG01X0FFG73</ns1:figi>
    <ns1:value>371000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>35000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>35000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Keen Vision Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G52443119</ns1:cusip>
    <ns1:figi>BBG01HN1BWF4</ns1:figi>
    <ns1:value>2761849</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>228252</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>228252</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Legato Merger Corp III</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G5451A103</ns1:cusip>
    <ns1:figi>BBG01LDZ6ZN1</ns1:figi>
    <ns1:value>7270764</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>661580</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>661580</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Live Oak Acquisition Corp V</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G5509P102</ns1:cusip>
    <ns1:figi>BBG01SRKGPB8</ns1:figi>
    <ns1:value>1040000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>100000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Launch One Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G5S86M100</ns1:cusip>
    <ns1:figi>BBG01NB11W74</ns1:figi>
    <ns1:value>1606500</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>150000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>150000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Launchpad Cadenza Acquisition</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G6001S123</ns1:cusip>
    <ns1:figi>BBG01YGST8Q8</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>50000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>50000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Lightwave Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G5490M100</ns1:cusip>
    <ns1:figi>BBG01V8BY795</ns1:figi>
    <ns1:value>249043</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>24500</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>24500</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Melar Acquisition Corp I</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G6004G100</ns1:cusip>
    <ns1:figi>BBG01NC85NV7</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>11</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>11</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>M3-Brigade Acquisition V Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G63212107</ns1:cusip>
    <ns1:figi>BBG01N69YRR6</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>146347</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>146347</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Yorkville Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G98659116</ns1:cusip>
    <ns1:figi>BBG01TJCZ9B8</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>442231</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>442231</ns1:Sole>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>M Evo Global Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G6071J128</ns1:cusip>
    <ns1:figi>BBG01Z2DZMP6</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>150000</ns1:sshPrnamt>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>150000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Mountain Lake Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G6301L125</ns1:cusip>
    <ns1:figi>BBG01YT5N6D8</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>150000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
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      <ns1:Sole>150000</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Mountain Lake Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G6301B101</ns1:cusip>
    <ns1:figi>BBG01RCM9N07</ns1:figi>
    <ns1:value>3291077</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>312540</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>312540</ns1:Sole>
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      <ns1:None>0</ns1:None>
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  <ns1:infoTable>
    <ns1:nameOfIssuer>Mountain Lake Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>Right</ns1:titleOfClass>
    <ns1:cusip>G6301B127</ns1:cusip>
    <ns1:figi>BBG01S2WHRQ8</ns1:figi>
    <ns1:value>26000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>100000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Muzero Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G8775A122</ns1:cusip>
    <ns1:figi>BBG01YW56Q30</ns1:figi>
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    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>125000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>125000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>MOZAYYX Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G63113123</ns1:cusip>
    <ns1:figi>BBG01ZZX1071</ns1:figi>
    <ns1:value>39780</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>4000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>4000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>New Providence Acquisition Cor</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G6476A102</ns1:cusip>
    <ns1:figi>BBG00ZVC8VM0</ns1:figi>
    <ns1:value>2565000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>250000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>250000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>New America Acquisition I Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>023634207</ns1:cusip>
    <ns1:figi>BBG01WHWB097</ns1:figi>
    <ns1:value>2076000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>200000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>200000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Oak Woods Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>67190B104</ns1:cusip>
    <ns1:figi>BBG01G2R5D61</ns1:figi>
    <ns1:value>323267</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>26493</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>26493</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Oxley Bridge Acquisition Ltd</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G6858G107</ns1:cusip>
    <ns1:figi>BBG01VF4MK06</ns1:figi>
    <ns1:value>1015000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>100000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>1RT Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G6757R105</ns1:cusip>
    <ns1:figi>BBG01VKB0L51</ns1:figi>
    <ns1:value>507084</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>49959</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>49959</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>1RT ACQUISITION CORP-A</ns1:nameOfIssuer>
    <ns1:titleOfClass>Warrant</ns1:titleOfClass>
    <ns1:cusip>G6757R113</ns1:cusip>
    <ns1:figi>BBG01VPVCPS5</ns1:figi>
    <ns1:value>11238</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>25250</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>25250</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Pono Capital Four Inc</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G71702123</ns1:cusip>
    <ns1:figi>BBG01ZZWMLT0</ns1:figi>
    <ns1:value>499000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>50000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>50000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Quartzsea Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G7314B104</ns1:cusip>
    <ns1:figi>BBG01SRPKJ80</ns1:figi>
    <ns1:value>428685</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>41339</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>41339</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Quantumsphere Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G7387B106</ns1:cusip>
    <ns1:figi>BBG01WHBT9P7</ns1:figi>
    <ns1:value>1012000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>100000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Quantumsphere Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>Right</ns1:titleOfClass>
    <ns1:cusip>G7387B114</ns1:cusip>
    <ns1:figi>BBG01WHBTJH4</ns1:figi>
    <ns1:value>40687</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>184900</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>184900</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Republic Digital Acquisition C</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G7515A103</ns1:cusip>
    <ns1:figi>BBG01SNGSNL2</ns1:figi>
    <ns1:value>818318</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>79992</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>79992</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>REPUBLIC DIGITAL ACQUIS-CL A</ns1:nameOfIssuer>
    <ns1:titleOfClass>Warrant</ns1:titleOfClass>
    <ns1:cusip>G7515A129</ns1:cusip>
    <ns1:figi>BBG01SP75S16</ns1:figi>
    <ns1:value>24193</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>54996</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>54996</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>RF Acquisition Corp III</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G7537X115</ns1:cusip>
    <ns1:figi>BBG01Y1R7LN4</ns1:figi>
    <ns1:value>841500</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>85000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>85000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Renatus Tactical Acquisition C</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G7490F101</ns1:cusip>
    <ns1:figi>BBG01V40DVX6</ns1:figi>
    <ns1:value>308400</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>30000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>30000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>RENATUS TACTICAL ACQUISITI-A</ns1:nameOfIssuer>
    <ns1:titleOfClass>Warrant</ns1:titleOfClass>
    <ns1:cusip>G7490F127</ns1:cusip>
    <ns1:figi>BBG01VF3P2H7</ns1:figi>
    <ns1:value>4214</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>9158</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>9158</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Silverbox Corp IV</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G81354105</ns1:cusip>
    <ns1:figi>BBG01PDGS495</ns1:figi>
    <ns1:value>3256224</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>304320</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>304320</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SC II Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G7866D128</ns1:cusip>
    <ns1:figi>BBG01Y0C5GT5</ns1:figi>
    <ns1:value>1277500</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>125000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>125000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SHARONAI HOLDINGS INC</ns1:nameOfIssuer>
    <ns1:titleOfClass>Warrant</ns1:titleOfClass>
    <ns1:cusip>778920116</ns1:cusip>
    <ns1:figi>BBG0142PJLT4</ns1:figi>
    <ns1:value>85</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>170150</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>170150</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SIM Acquisition Corp I</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G8431T101</ns1:cusip>
    <ns1:figi>BBG01P0HWBP8</ns1:figi>
    <ns1:value>1072000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>100000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Soulpower Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G82745103</ns1:cusip>
    <ns1:figi>BBG01T4P0H89</ns1:figi>
    <ns1:value>5921425</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>577700</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>577700</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Mercer Park Opportunities Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>Right</ns1:titleOfClass>
    <ns1:cusip>G6002A196</ns1:cusip>
    <ns1:figi>BBG01PKNMVX1</ns1:figi>
    <ns1:value>115230</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>250500</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>250500</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SPACSphere Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G8T088125</ns1:cusip>
    <ns1:figi>BBG01XG59K30</ns1:figi>
    <ns1:value>2517500</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>250000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>250000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>SUMA Acquisition Corp</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G8557R129</ns1:cusip>
    <ns1:figi>BBG01ZQZMZF7</ns1:figi>
    <ns1:value>1002000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>100000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>100000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
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  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Target Global Acquisition I Co</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G8675N109</ns1:cusip>
    <ns1:figi>BBG00ZHZNJ36</ns1:figi>
    <ns1:value>157608</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>14996</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
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    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>14996</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Texas Ventures Acquisition III</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G8772L105</ns1:cusip>
    <ns1:figi>BBG01S7MDRL4</ns1:figi>
    <ns1:value>1145342</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>110235</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>110235</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Vine Hill Capital Investment C</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G93Y09107</ns1:cusip>
    <ns1:figi>BBG01NWVLN73</ns1:figi>
    <ns1:value>2208292</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>206201</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>206201</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>WEN ACQUISITION CORP-A</ns1:nameOfIssuer>
    <ns1:titleOfClass>Warrant</ns1:titleOfClass>
    <ns1:cusip>G9R39C111</ns1:cusip>
    <ns1:figi>BBG01V2FNHR2</ns1:figi>
    <ns1:value>6905</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>20000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>20000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Armada Acquisition Corp II</ns1:nameOfIssuer>
    <ns1:titleOfClass>COM</ns1:titleOfClass>
    <ns1:cusip>G0R38G104</ns1:cusip>
    <ns1:figi>BBG01T2RPZN3</ns1:figi>
    <ns1:value>4771550</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>462808</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>462808</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
  <ns1:infoTable>
    <ns1:nameOfIssuer>Xsolla SPAC 1</ns1:nameOfIssuer>
    <ns1:titleOfClass>UNIT</ns1:titleOfClass>
    <ns1:cusip>G9833K128</ns1:cusip>
    <ns1:figi>BBG01XV8CYW1</ns1:figi>
    <ns1:value>2970000</ns1:value>
    <ns1:shrsOrPrnAmt>
      <ns1:sshPrnamt>300000</ns1:sshPrnamt>
      <ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
    </ns1:shrsOrPrnAmt>
    <ns1:investmentDiscretion>DFND</ns1:investmentDiscretion>
    <ns1:votingAuthority>
      <ns1:Sole>300000</ns1:Sole>
      <ns1:Shared>0</ns1:Shared>
      <ns1:None>0</ns1:None>
    </ns1:votingAuthority>
  </ns1:infoTable>
</ns1:informationTable>
