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) is a publicly traded investment fund that focuses on high-growth, venture-backed private companies, with a portfolio that spans AI infrastructure, emerging consumer brands, fintech, and software solutions for consumer and enterprise markets. The SuRo Capital news feed on this page aggregates company-issued updates, portfolio developments, and other disclosures that help investors follow how the fund is executing its strategy.
Readers can expect news items covering SuRo Capital’s quarterly and annual financial results, preliminary portfolio updates, and changes in net asset value (NAV). The company regularly reports on its positions in privately held and publicly held portfolio companies, the concentration of its largest holdings, and notable liquidity events. Press releases often highlight activity in AI and AI infrastructure investments, including exposure to CoreWeave, OpenAI (through ARK Type One Deep Ventures Fund LLC), TensorWave (via Magnetar Opportunity 2025-4 LP), and related digital infrastructure opportunities.
News coverage also includes announcements of new and follow-on investments, such as capital deployed into Plaid via a special purpose vehicle, HL Digital Assets Inc. for exposure to the HYPE digital token of Hyperliquid, and other venture-backed companies. In addition, SuRo Capital reports on realized gains and exits, including sales of public securities and distributions from SPVs, as well as cash dividends declared by its Board of Directors and information about share repurchase and note repurchase programs.
For investors tracking SSSS news, this page provides a centralized view of SuRo Capital’s official communications, including SEC-related press releases furnished on Form 8-K. It is a useful resource for monitoring how the company’s portfolio, AI-focused investments, capital allocation decisions, and distribution policies evolve over time.
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.
SuRo Capital Corp. has authorized an additional $15 million for its Share Repurchase Program, raising the total to $55 million since the program began in August 2017. Currently, approximately $25 million remains available for repurchase until October 31, 2022. This decision comes as the company sees its stock trading at a significant discount relative to its net asset value, signaling the board's commitment to enhancing shareholder value through effective capital deployment.
SuRo Capital Corp. (SSSS) reported its financial results for 2021, announcing a Net Asset Value (NAV) of $11.72 per share as of December 31, 2021. The Board declared a $0.11 cash dividend for April 2022, contributing to total distributions of $8.00 per share for the year. The company realized $218.7 million in net gains on investments and distributed over $212 million to shareholders. However, net investment losses were approximately $(9.9 million). The firm raised $75 million through non-convertible debts, enhancing its investment capacity.