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180 Degree Capital Corp. news centers on the company’s completed all-stock business combination with Mount Logan Capital Inc. and the related corporate-status change for the former TURN-listed issuer. Coverage includes shareholder voting matters, proxy solicitation activity over board elections, material agreements, capital-structure disclosures, NAV-related shareholder value issues, governance matters, and operating and financial results tied to the company’s closed-end vehicle status before the combination.
180 Degree Capital Corp. (NASDAQ: TURN) has announced a definitive agreement for the acquisition of one of its privately held life science portfolio companies. The deal is expected to close in mid-to-late May 2020, with 180 set to receive approximately $4.4 million in cash and an additional $400,000 held in escrow for one year. Future payments could total up to $81 million, dependent on undisclosed milestones, with the first expected in 2-3 years. The transaction is viewed as significant for TURN and its shareholders, with potential for a 4x to 5x increase in the company's value in Q2 2020.
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