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SuRo Capital Corp. Second Quarter 2025 Preliminary Investment Portfolio Update

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SuRo Capital Corp. (Nasdaq: SSSS) reported its strongest quarter since inception, with estimated Q2 2025 NAV between $9.00 and $9.50 per share, representing over 35% uplift from Q1's $6.66 per share.

Key portfolio developments include CoreWeave's successful IPO, OpenAI's $40B financing at $300B valuation, and a new $5.0M investment in Plaid. The company realized significant exits, generating $25.3M from CoreWeave and $15.9M from ServiceTitan.

The Board declared a $0.25 per share cash dividend payable July 31, 2025, with additional dividends anticipated throughout the year. As of June 30, 2025, SuRo Capital held positions in 36 portfolio companies and maintained $52.4M in liquid assets.

SuRo Capital Corp. (Nasdaq: SSSS) ha riportato il suo trimestre più forte dalla fondazione, con un NAV stimato per il secondo trimestre 2025 compreso tra $9,00 e $9,50 per azione, rappresentando un aumento di oltre il 35% rispetto ai $6,66 per azione del primo trimestre.

Gli sviluppi chiave del portafoglio includono il successo dell'IPO di CoreWeave, il finanziamento di OpenAI da 40 miliardi di dollari con una valutazione di 300 miliardi di dollari, e un nuovo investimento di $5,0 milioni in Plaid. La società ha realizzato uscite significative, generando $25,3 milioni da CoreWeave e $15,9 milioni da ServiceTitan.

Il Consiglio ha dichiarato un dividendo in contanti di $0,25 per azione pagabile il 31 luglio 2025, con ulteriori dividendi previsti nel corso dell'anno. Al 30 giugno 2025, SuRo Capital deteneva posizioni in 36 società del portafoglio e manteneva $52,4 milioni in attività liquide.

SuRo Capital Corp. (Nasdaq: SSSS) reportó su trimestre más fuerte desde su creación, con un NAV estimado para el segundo trimestre de 2025 entre $9.00 y $9.50 por acción, lo que representa un aumento de más del 35% respecto a los $6.66 por acción del primer trimestre.

Los desarrollos clave en la cartera incluyen la exitosa salida a bolsa de CoreWeave, la financiación de OpenAI por $40 mil millones con una valoración de $300 mil millones, y una nueva inversión de $5.0 millones en Plaid. La compañía realizó salidas significativas, generando $25.3 millones de CoreWeave y $15.9 millones de ServiceTitan.

El Consejo declaró un dividendo en efectivo de $0.25 por acción pagadero el 31 de julio de 2025, con dividendos adicionales anticipados durante el año. Al 30 de junio de 2025, SuRo Capital mantenía posiciones en 36 compañías de cartera y conservaba $52.4 millones en activos líquidos.

SuRo Capital Corp. (나스닥: SSSS)는 설립 이래 가장 강력한 분기 실적을 보고했으며, 2025년 2분기 예상 NAV는 주당 $9.00에서 $9.50 사이로 1분기 주당 $6.66 대비 35% 이상 상승했습니다.

주요 포트폴리오 발전 사항으로는 CoreWeave의 성공적인 IPO, OpenAI의 400억 달러 자금 조달 및 3,000억 달러 평가 가치, 그리고 Plaid에 대한 500만 달러 신규 투자가 포함됩니다. 회사는 CoreWeave에서 $2,530만, ServiceTitan에서 $1,590만의 상당한 엑시트를 실현했습니다.

이사회는 2025년 7월 31일 지급 예정인 주당 $0.25 현금 배당금을 선언했으며, 연중 추가 배당도 예상됩니다. 2025년 6월 30일 기준으로 SuRo Capital은 36개 포트폴리오 기업에 투자하고 있으며, $5,240만 상당의 유동 자산을 보유하고 있습니다.

SuRo Capital Corp. (Nasdaq : SSSS) a rapporté son trimestre le plus solide depuis sa création, avec une VNI estimée pour le T2 2025 entre 9,00 $ et 9,50 $ par action, soit une hausse de plus de 35 % par rapport aux 6,66 $ par action du T1.

Les développements clés du portefeuille incluent l'introduction en bourse réussie de CoreWeave, le financement de 40 milliards de dollars d'OpenAI à une valorisation de 300 milliards de dollars, et un nouvel investissement de 5,0 millions de dollars dans Plaid. La société a réalisé des sorties significatives, générant 25,3 millions de dollars de CoreWeave et 15,9 millions de dollars de ServiceTitan.

Le conseil d'administration a déclaré un dividende en espèces de 0,25 $ par action payable le 31 juillet 2025, avec d'autres dividendes attendus au cours de l'année. Au 30 juin 2025, SuRo Capital détenait des positions dans 36 sociétés du portefeuille et maintenait 52,4 millions de dollars d'actifs liquides.

SuRo Capital Corp. (Nasdaq: SSSS) meldete das stärkste Quartal seit Gründung mit einem geschätzten NAV für das zweite Quartal 2025 zwischen , was eine Steigerung von über 35 % gegenüber den $6,66 pro Aktie im ersten Quartal bedeutet.

Wesentliche Portfolio-Entwicklungen umfassen den erfolgreichen Börsengang von CoreWeave, die 40-Milliarden-Dollar-Finanzierung von OpenAI bei einer Bewertung von 300 Milliarden Dollar sowie eine neue 5,0-Millionen-Dollar-Investition in Plaid. Das Unternehmen realisierte bedeutende Exits und erzielte 25,3 Millionen Dollar aus CoreWeave und 15,9 Millionen Dollar aus ServiceTitan.

Der Vorstand erklärte eine Bardividende von $0,25 pro Aktie, zahlbar am 31. Juli 2025, mit weiteren Dividenden, die im Laufe des Jahres erwartet werden. Zum 30. Juni 2025 hielt SuRo Capital Positionen in 36 Portfoliounternehmen und verfügte über 52,4 Millionen Dollar an liquiden Mitteln.

Positive
  • NAV per share increased over 35% in Q2 2025, marking the best quarter since inception
  • Successful exits generating $41.2M total proceeds from CoreWeave ($25.3M) and ServiceTitan ($15.9M)
  • Strategic $5.0M investment in Plaid, reaching approximately 50% of U.S. adults
  • Declaration of $0.25 per share cash dividend with additional dividends anticipated
  • Strong liquid position of $52.4M as of June 30, 2025
Negative
  • 7% origination fee required for Plaid investment
  • Portfolio concentration risk with significant exposure to AI and fintech sectors

Insights

SuRo Capital reports best-ever quarter with 35%+ NAV growth to $9.00-$9.50/share, driven by AI investments like CoreWeave's IPO.

SuRo Capital's preliminary Q2 2025 update reveals an exceptional performance period with estimated NAV jumping to $9.00-$9.50 per share from $6.66 in March 2025 – representing over 35% quarter-over-quarter growth. This marks their strongest quarter since inception.

The stellar performance was primarily driven by AI infrastructure investments, particularly CoreWeave's successful IPO and subsequent market performance. The company capitalized on this momentum by selling their direct position in CoreWeave for $25.3 million, generating a $15.3 million realized gain. They also fully exited their ServiceTitan position for $15.9 million with a $5.9 million profit.

The Board declared a $0.25 per share cash dividend (payable July 31), directly resulting from these successful public securities monetizations, with management indicating more dividends may follow this year based on continued portfolio activity.

On the investment front, SuRo completed a new $5 million investment in fintech platform Plaid, while benefiting from valuation increases in portfolio companies including OpenAI's landmark $40 billion round at a $300 billion valuation. Their portfolio now contains 36 companies (33 private, 3 public).

The company maintains strong liquidity with approximately $52.4 million in cash and public securities as of June 30, 2025. This positions them well for continued investment in high-growth private companies while returning capital to shareholders through dividends.

Net Asset Value Anticipated to be $9.00 to $9.50 Per Share

Board of Directors Declares $0.25 Per Share Cash Dividend

NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today provided the following preliminary update on its investment portfolio for the second quarter ended June 30, 2025.

“The second quarter was SuRo Capital’s best quarter since inception, as measured by the appreciation in NAV per share,” said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital. “Our performance was largely driven by the public and private markets recognizing the value proposition of AI infrastructure companies. CoreWeave’s IPO, coupled with its post-IPO performance, led the way. Additionally, OpenAI announced a landmark $40.0 billion financing round at a $300.0 billion post-money valuation, the largest private capital raise ever by a technology company. It has been reported that Canva is preparing for a secondary tender at a $37.0 billion valuation and Colombier Acquisition Corp. II is nearing completion of a proposed merger with GrabAGun, further building on SuRo Capital’s SPAC sponsor strategy success. These developments resulted in an NAV per share uplift of over 35% for the quarter,” Klein added.

Mr. Klein further emphasized, “Beyond these high-profile capital raises, we remain committed to backing some of the world’s most innovative and sought-after private companies ahead of their public market debuts. In April, we completed a new $5.0 million investment in Plaid (through a wholly owned SPV), a market-leading fintech platform that enables secure, seamless connectivity between financial applications and consumers, with an estimated reach of 1 in every 2 adults in the U.S.”

“As a result of this strong performance and momentum across our portfolio, we are pleased to announce that our Board of Directors has declared an initial dividend of $0.25 per share. This dividend is driven by successful monetizations of SuRo Capital’s public securities. Based on ongoing portfolio activity, we anticipate declaring additional dividends throughout the year. As always, we will keep you informed about our dividend strategy as we gain more clarity on the timing and magnitude,” Mr. Klein concluded.

As previously reported, SuRo Capital’s net assets totaled approximately $156.8 million, or $6.66 per share, at March 31, 2025, and approximately $162.3 million, or $6.94 per share at June 30, 2024. As of June 30, 2025, SuRo Capital’s net asset value is estimated to be between $9.00 and $9.50 per share.

Investment Portfolio Update

As of June 30, 2025, SuRo Capital held positions in 36 portfolio companies – 33 privately held and 3 publicly held.

During the three months ended June 30, 2025, SuRo Capital made the following investment:

Portfolio CompanyInvestmentTransaction DateAmount(1)
Plaid Inc.(2)Class A Common Shares4/4/2025$5.0 million

___________________
(1)   Amount invested does not include capitalized costs, origination fees, or prepaid expenses.
(2)   SuRo Capital’s investment in the Class A Common Shares of Plaid Inc. was made through 1789 Capital Nirvana II LP, an SPV in which SuRo Capital is the Sole Limited Partner. SuRo Capital paid a 7% origination fee at the time of investment.

During the three months ended June 30, 2025, SuRo Capital exited and received proceeds from the following investments:

Portfolio CompanyTransaction
Date
QuantityAverage Net
Share Price
(1)
Net
Proceeds
Realized
Gain
CoreWeave, Inc.(2)Various222,240$113.99$25.3 million$15.3 million
ServiceTitan, Inc.(3)Various151,515$105.07$15.9 million$5.9 million

__________________
(1)   The average net share price is the net share price realized after deducting all commissions and fees on the sale(s), if applicable.
(2)   As of June 20, 2025, SuRo Capital had sold the entirety of its directly held CoreWeave, Inc. public common shares. As of June 30, 2025 SuRo Capital continues to hold the entirety of its interest in CW Opportunity 2 LP.
(3)   As of June 27, 2025, SuRo Capital had sold its entire position in ServiceTitan, Inc. public common shares.

SuRo Capital’s liquid assets were approximately $52.4 million as of June 30, 2025, consisting of cash and directly-held securities of publicly traded portfolio companies.

As of June 30, 2025, there were 23,888,107 shares of the Company’s common stock outstanding.

Recent Dividend Declarations and Certain Information Regarding the Dividends

On July 3, 2025, SuRo Capital’s Board of Directors declared a dividend of $0.25 per share payable on July 31, 2025 to the Company’s common stockholders of record as of the close of business on July 21, 2025. The dividend will be paid in cash.

The date of declaration and amount of any dividends, including any future dividends, are subject to the sole discretion of SuRo Capital’s Board of Directors.

The aggregate amount of the dividends declared and paid by SuRo Capital will be fully taxable to stockholders. The tax character of SuRo Capital’s dividends cannot be finally determined until the close of SuRo Capital’s taxable year (December 31). SuRo Capital will report the actual tax characteristics of each year’s dividends annually to stockholders and the IRS on Form 1099-DIV subsequent to year-end.

Registered stockholders with questions regarding declared dividends may call Equiniti Trust Company, LLC at 800-937-5449.

Preliminary Estimates and Guidance

The preliminary financial estimates provided herein are unaudited and have been prepared by, and are the responsibility of, the management of SuRo Capital. Neither our independent registered public accounting firm, nor any other independent accountants, have audited, reviewed, compiled, or performed any procedures with respect to the preliminary financial data included herein. Actual results may differ materially.

The Company expects to announce its second quarter ended June 30, 2025 results in August 2025.

Forward-Looking Statements

Statements included herein, including statements regarding SuRo Capital's beliefs, expectations, intentions, or strategies for the future, may constitute “forward-looking statements”. SuRo Capital cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. All forward-looking statements involve a number of risks and uncertainties, including the impact of any market volatility that may be detrimental to our business, our portfolio companies, our industry, and the global economy, that could cause actual results to differ materially from the plans, intentions, and expectations reflected in or suggested by the forward-looking statements. Risk factors, cautionary statements, and other conditions which could cause SuRo Capital's actual results to differ from management's current expectations are contained in SuRo Capital's filings with the Securities and Exchange Commission. SuRo Capital undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date of this press release.

About SuRo Capital Corp.

SuRo Capital Corp. (Nasdaq: SSSS) is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. The fund seeks to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach, as well as to provide investors with access to such companies through its publicly traded common stock. Since inception, SuRo Capital has served as the public's gateway to venture capital, offering unique access to some of the world’s most innovative and sought-after private companies before they become publicly traded. SuRo Capital’s diverse portfolio encompasses high-growth sectors including AI infrastructure, emerging consumer brands, and cutting-edge software solutions for both consumer and enterprise markets, among others. SuRo Capital is headquartered in New York, NY and has an office in San Francisco, CA. Connect with the company on X, LinkedIn, and at www.surocap.com.

Contact
SuRo Capital Corp.
(212) 931-6331
IR@surocap.com

Media Contact
Deborah Kostroun
Zito Partners
SuRoCapitalPR@zitopartners.com


FAQ

What is SuRo Capital's (SSSS) estimated NAV per share for Q2 2025?

SuRo Capital's NAV is estimated to be between $9.00 and $9.50 per share for Q2 2025, representing over 35% increase from Q1's $6.66 per share.

How much dividend did SSSS declare for July 2025?

SuRo Capital declared a cash dividend of $0.25 per share, payable on July 31, 2025, to stockholders of record as of July 21, 2025.

What major portfolio exits did SuRo Capital (SSSS) complete in Q2 2025?

SuRo Capital completed two major exits: CoreWeave for $25.3M (realizing $15.3M gain) and ServiceTitan for $15.9M (realizing $5.9M gain).

How many portfolio companies does SuRo Capital (SSSS) hold as of Q2 2025?

As of June 30, 2025, SuRo Capital held positions in 36 portfolio companies, consisting of 33 privately held and 3 publicly held companies.

What new investment did SSSS make in Q2 2025?

SuRo Capital made a $5.0 million investment in Plaid Inc. through its wholly owned SPV (1789 Capital Nirvana II LP) in April 2025.
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