180 Degree Capital Corp Stock Price, News & Analysis

180 Degree Capital Corp. (NASDAQ: TURN) has completed its business combination with Mount Logan Capital Inc. under revised terms that deliver 110% of Net Asset Value (NAV) to TURN shareholders. Marlton Partners, owning 5.8% of TURN's stock, expressed satisfaction with the revised deal terms, which include a 60-day tender offer for partial liquidity.

The improved terms came after pressure from Marlton on management since the deal's January announcement. Since Marlton's director nominations in December 2024, TURN's share price has increased by 35.5%, outperforming both the S&P 500 (8.8%) and Russell 2000 (2.78%).

Mount Logan Capital and 180 Degree Capital (NASDAQ: TURN) have successfully completed their strategic all-stock business combination. The merged entity will operate as Mount Logan Capital Inc. (MLCI) and begin trading on NASDAQ on September 15, 2025.

The transaction, valued at US$122.7 million (US$9.43 per share), results in Mount Logan shareholders owning 56.4% and 180 Degree Capital shareholders holding 43.6% of the combined company, with approximately 13 million shares outstanding. The new company plans to launch a US$15 million tender offer, with additional repurchases of up to US$10 million expected over the following 24 months.

180 Degree Capital Corp. (NASDAQ:TURN) announced the successful approval of its proposed all-stock merger with Mount Logan Capital Inc. at a special shareholder meeting. The key voting results showed strong shareholder support with 87.0% approval (6,989,936 votes) for the Business Combination Proposal, 87.2% approval for the Deregistration Proposal, and 82.8% approval for the New Mount Logan Equity Incentive Plan.

The merger agreement, dated January 16, 2025, involves multiple entities including Yukon New Parent, Inc., Polar Merger Sub, Inc., and Moose Merger Sub, LLC. The transaction will result in the formation of New Mount Logan, with shareholders of both companies exchanging their shares in the combined entity.

The total number of shares eligible to vote was 10,000,141, with significant participation from shareholders despite 19.7% broker non-votes across all proposals.

180 Degree Capital (NASDAQ: TURN) and Mount Logan Capital announced revised terms for their business combination, offering enhanced value to shareholders. Under the new terms, TURN shareholders will receive New Mount Logan shares valued at 110% of TURN's NAV at closing, up from the previous 100%.

New Mount Logan commits to provide $25 million in shareholder liquidity programs, with $15 million to be launched within 60 days of closing and $10 million staged over 24 months. The price per share for these programs will be at or above the Closing Merger Value, representing a premium of at least 17% to TURN's August 15 closing price of $4.42.

Currently, nearly 63% of TURN's outstanding shares have voted in favor of the combination, representing about 95% of votes cast. The shareholder meetings are scheduled for August 22, 2025.

Marlton Partners, owning approximately 5.8% of 180 Degree Capital Corp. (NASDAQ: TURN), has filed a preliminary proxy statement to nominate four independent director candidates for election at the company's Special Meeting on September 15, 2025.

The nominees include James C. Elbaor, Gabriel Gliksberg, Aaron Morris, and Andrew Greenberg. As long-term shareholders, Marlton aims to enhance TURN's governance and ensure proper management of shareholder capital. The proxy filing represents a significant step in their ongoing engagement with the company, which began over a year ago.

180 Degree Capital (NASDAQ: TURN) and Mount Logan Capital have reported strong shareholder support for their proposed business combination. As of August 14, 2025, over 57% of TURN's outstanding shares have been voted in favor of the merger, representing more than 90% of the approximately 63% of shares that participated in the vote.

Mount Logan has also received sufficient proxy votes exceeding the required thresholds for approval. Both companies will hold special shareholder meetings on August 22, 2025 to formally approve the combination. The companies' management teams continue engaging with shareholders and express confidence in achieving the required voting threshold for completing the transaction.

180 Degree Capital Corp. (NASDAQ: TURN) reported that its portfolio company, Synchronoss Technologies (SNCR), has received $30.2 million of its expected $33.9 million tax refund, with the remaining $3.7 million anticipated before Labor Day 2025.

SNCR will use 75% of the proceeds ($25.4 million) to pay down its term loan facility, reducing annual interest expenses by $2.9 million. This will decrease SNCR's total debt to $173.4 million, with net debt of approximately $143 million.

180 Degree Capital, which owns approximately 890,000 SNCR shares, reported positive portfolio performance with +22.8% gross performance and +10% NAV growth year-to-date, outperforming the Russell Microcap Index. The company's estimated NAV stands at $5.10 per share as of July 25, 2025.

180 Degree Capital Corp. (NASDAQ:TURN) has filed definitive proxy materials for its proposed all-stock merger with Mount Logan Capital Inc. The company has scheduled a Special Meeting of Shareholders for August 22, 2025, with a record date of July 8, 2025, to vote on the Business Combination.

The company will host a shareholder call on July 15, 2025, at 1 PM ET featuring CEO Kevin Rendino, President Daniel Wolfe, and Mount Logan CEO Ted Goldthorpe to discuss both Q2 2025 preliminary results and the proposed merger. Management expressed optimism about strong initial shareholder support and Mount Logan's growth prospects, including enhanced visibility and liquidity through a NASDAQ listing.

180 Degree Capital Corp. (NASDAQ:TURN) reported preliminary Q2 2025 results and provided updates on its proposed merger with Mount Logan Capital Inc. The company announced a preliminary NAV per share of $4.80 as of June 30, 2025, representing an 8.6% increase from the previous quarter and a 3.4% year-to-date gain.

The company filed an amended preliminary joint proxy statement for its all-stock merger with Mount Logan Capital. Post-merger, the entity will operate as Mount Logan Capital Inc. under the symbol "MLCI". TURN shareholders will receive proportionate ownership based on NAV at closing, relative to Mount Logan's $67.4 million valuation. The company's public investment portfolio achieved a 16.0% gross total return in H1 2025, outperforming the Russell Microcap Index's -1.1% return.