Welcome to our dedicated page for 180 Degree Capital news (Ticker: TURN), a resource for investors and traders seeking the latest updates and insights on 180 Degree Capital stock.
The news feed for 180 Degree Capital Corp. (NASDAQ: TURN) captures the company’s transition from a standalone closed-end fund focused on constructive activism in small public companies to its role in a completed business combination with Mount Logan Capital Inc. Investors can review announcements that describe how TURN invested in substantially undervalued small, publicly traded companies and sought to drive a 180-degree turn in share price performance through active engagement with management teams and boards.
Coverage includes detailed updates on the all-stock strategic Business Combination between 180 Degree Capital and Mount Logan, which closed on September 12, 2025. News items explain shareholder approval of the merger, the structure of the combined company as Mount Logan Capital Inc., and the expectation that the surviving Delaware corporation trades on The Nasdaq Capital Market under the ticker symbol "MLCI." Articles also describe how TURN shareholders receive shares in the combined entity based on 180 Degree Capital’s net asset value and a specified valuation for Mount Logan.
Readers will find reports on proxy filings, special shareholder meetings, and voting results related to the merger, as well as commentary from significant TURN shareholders about the transaction terms and the premium to net asset value embedded in revised merger conditions. Additional updates highlight 180 Degree Capital’s communications about its net asset value, portfolio performance, and developments at portfolio companies, including how such events affect TURN’s NAV heading into the Business Combination.
By following this news stream, users can trace TURN’s historical activism-focused investment activities, the negotiation and approval of its combination with Mount Logan, and the creation of a broader alternative asset management and insurance solutions platform. This makes the TURN news page a useful archive for understanding both the company’s legacy as a closed-end fund and the context for its integration into Mount Logan Capital Inc.
Marlton Partners L.P., owning approximately 5.2% of 180 Degree Capital Corp. (NASDAQ: TURN), has nominated four independent director candidates for election to TURN's Board at a Special Meeting scheduled for September 15, 2025. The nominees are James C. Elbaor, Gabriel Gliksberg, Aaron Morris, and Andrew Greenberg.
The Special Meeting was called following Marlton's formal demand on June 17, 2025, addressing TURN's failure to hold an annual shareholder meeting since April 2024. The meeting date aligns with TURN's regulatory timeline for its proposed sale to Mount Logan Capital Inc.
Marlton criticizes TURN's performance under current Chairman and CEO Kevin Rendino's leadership since 2017, citing concerns including the rejection of Source Capital's offer at 101% of TURN NAV, a proposed no-premium sale of the Company, and over $6 million spent on deal-related expenses and management retention bonuses. The activist investor aims to restore TURN's credibility, narrow the NAV discount, and ensure better stewardship of shareholder capital.
180 Degree Capital (NASDAQ:TURN) announced the rescheduling of its special meeting for director elections to September 15, 2025. The date change follows discussions with shareholders who submitted a demand request on June 17, 2025, considering the company's focus on minimizing expenses ahead of its proposed all-stock merger with Mount Logan Capital Inc.
The company expects to secure regulatory approvals and hold a special meeting for the Business Combination approval before the new director election meeting date. The agreement includes provisions for seeking consent from demanding shareholders for any future date changes and providing notice to Marlton Partners before filing preliminary proxy materials.
180 Degree Capital Corp. (NASDAQ: TURN) reported a preliminary net asset value per share (NAV) of $4.42 as of March 31, 2025. The company achieved a gross total return of +4.5% in Q1 2025, outperforming the Russell Microcap Index by approximately 1900 basis points. However, the net total return was -4.7% due to expenses related to the proposed merger with Mount Logan Capital.
Key portfolio updates include:
- Successful exits from Intevac (IVAC) and Brightcove (BCOV) investments
- Strong performance in public investments, with notable gains in companies like Synchronoss Technologies (+13.4%) and Ascent Industries (+13.2%)
- Operating expenses declined by over 30% from Q1 2024
- Additional $300,000 in professional fees due to efforts opposing the Business Combination
The company initiated positions in three new publicly traded companies during Q1 2025. Despite Q2 2025 starting with headwinds from potential tariffs and recession concerns, the company maintains strong relative performance versus its benchmark.
FAQ
What is the current stock price of 180 Degree Capital (TURN)?
What is the market cap of 180 Degree Capital (TURN)?
