Suro Capital Corp Stock Price, News & Analysis

SuRo Capital Corp. (SSSS) announced the results of its modified Dutch Auction Tender Offer, concluding on September 2, 2022. The company will repurchase 2 million shares, representing 6.6% of outstanding shares, at a price of $6.60 each on a pro-rata basis. This purchase price reflects 71.4% of the net asset value (NAV) per share as of June 30, 2022. The repurchase will utilize a part of SuRo Capital's cash reserves, with payment expected around September 12, 2022. The final proration factor for the tender offer is approximately 75.0%. Further details can be sought from the information agent.

SuRo Capital Corp. has concluded a modified Dutch Auction Tender Offer to repurchase 2 million shares at $6.60 each, representing 6.6% of its outstanding shares. The Tender Offer expired on September 2, 2022, and the purchase price reflects 71.4% of the net asset value per share as of June 30, 2022. The repurchase will be funded using available cash, with payment expected around September 12, 2022. The proration factor for shares tendered was approximately 66.7%.

SuRo Capital Corp. (SSSS) announced a modified Dutch Auction Tender Offer to repurchase up to 2 million shares of its common stock priced between $6.00 and $7.00 per share. This initiative aims to enhance shareholder value and will end on September 2, 2022. If fully subscribed, the offer will account for approximately 6.60% of outstanding shares. Stockholders can withdraw shares before the offer's expiration, and the Board may consider future offers depending on market conditions. The Tender Offer is not contingent on a minimum number of shares being tendered.

SuRo Capital Corp. (Nasdaq: SSSS) reported a net asset value of $9.24 per share as of June 30, 2022, down from $12.22 per share in March 2022 and $16.56 per share in June 2021. The company experienced a net investment loss of $3.8 million and a significant reduction in net assets by $94.3 million during the quarter. A modified Dutch Auction Tender Offer will commence on August 8, 2022, to buy back up to 2 million shares at $6.00 to $7.00 each. SuRo maintains over $150 million in cash, indicating a readiness to capitalize on future investment opportunities.

SuRo Capital Corp. (Nasdaq: SSSS) is set to release its financial results for the quarter ending June 30, 2022, on August 3, 2022, after U.S. market close. A conference call for investors will take place at 2:00 p.m. PT (5:00 p.m. ET) on the same day, with participation details provided. The company focuses on investing in high-growth, venture-backed private companies, aiming to build a diverse portfolio while offering public access through its stock. The firm is headquartered in New York with an office in San Francisco.

SuRo Capital Corp. (SSSS) announced a preliminary update on its investment portfolio for Q2 2022, citing a projected net asset value (NAV) of $9.00 to $9.50 per share, down from $12.22 per share in Q1 2022 and $16.56 in Q2 2021. The company has maintained over 40% of its assets in cash, navigating a challenging market and capitalizing on investment opportunities, including new stakes in Whoop, Inc. and EDGE Markets, Inc. A share repurchase program has also been expanded, with over 1 million shares repurchased for around $8.3 million since March 2022.

SuRo Capital Corp. (SSSS) reported a net asset value (NAV) of $12.22 per share as of March 31, 2022, reflecting a rise from $11.72 per share at December 31, 2021, but down from $18.01 per share a year prior. The company declared $0.11 per share in dividends and repurchased over 580,000 shares worth approximately $5 million as part of its $55 million share repurchase program. Despite market volatility, SuRo maintains a conservative capital deployment approach and holds $170 million in investable funds.

SuRo Capital Corp. (Nasdaq: SSSS) will disclose its financial results for the quarter ending March 31, 2022, after the U.S. market closes on May 4, 2022. A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) to discuss these results, accessible via phone or a live webcast on their website. Following the call, a replay will be available until May 11, 2022. SuRo Capital focuses on investing in high-growth, venture-backed private companies, aimed at creating a diversified portfolio for its shareholders.

SuRo Capital Corp. (SSSS) has announced a preliminary estimate of its net asset value (NAV) for Q1 2022, anticipated to be between $11.85 and $12.55 per share, reflecting the impact of a $0.11 dividend. This compares to a NAV of $11.72 per share as of December 31, 2021. The company has repurchased over 280,000 shares for approximately $2.4 million amid significant market volatility, with an expanded share repurchase program of $55 million authorized. Q1 results are expected to be released in early May 2022.