Welcome to our dedicated page for Suro Capital news (Ticker: SSSS), a resource for investors and traders seeking the latest updates and insights on Suro Capital stock.
SuRo Capital Corp (Nasdaq: SSSS) provides investors with centralized access to official company announcements and market-moving developments. This resource aggregates all press releases and news coverage related to the closed-end fund's investment activities in high-growth ventures.
Track strategic portfolio decisions, earnings reports, and capital management initiatives including share repurchase programs. Users gain timely insights into equity investments, venture-backed opportunities, and financial performance updates directly from the source.
The curated news collection covers essential updates including:
Investment activity: New portfolio additions and exits
Financial disclosures: Quarterly results and annual reports
Corporate actions: Share repurchase details and tender offers
Market commentary: Management insights on portfolio performance
Bookmark this page for structured access to SuRo Capital's latest developments. Monitor the company's progress in identifying high-potential investments while maintaining disciplined capital allocation strategies.
SuRo Capital Corp. (NASDAQ: SSSS) provided a preliminary update on its investment portfolio for Q2 2024, projecting a net asset value (NAV) of $6.70 to $7.20 per share. The company made a $10 million investment in Canva, Inc. and a $15 million investment in CW Opportunity 2 LP during the quarter. SuRo Capital repurchased 2 million shares at $4.70 each through a Modified Dutch Auction Tender Offer, representing 7.9% of its outstanding shares. The company's liquid assets totaled approximately $57.6 million by June 30, 2024.
SuRo Capital's NAV per share was $7.17 as of March 31, 2024, and estimated at $6.70 to $7.20 as of June 30, 2024. The company held positions in 39 portfolio companies, with nearly $55 million in investable capital and $20.7 million authorized for share repurchases under its Share Repurchase Program. SuRo Capital plans to announce its full Q2 2024 results in August 2024.
SuRo Capital Corp. reported a net asset value of $7.17 per share as of March 31, 2024. The company made $35 million in new investments year-to-date, deployed capital in various new portfolio companies, and conducted a modified Dutch Auction tender offer to repurchase 2.0 million shares of common stock. SuRo Capital continues to focus on enhancing shareholder value and believes the market undervalues its portfolio.
SuRo Capital Corp. will report its financial results for the quarter ended March 31, 2024 on May 8, 2024. A conference call and webcast for investors will be held at 2:00 p.m. PT (5:00 p.m. ET). The call can be accessed via phone or webcast, with a replay available for 12 months.
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