180 Degree Capital Corp Stock Price, News & Analysis

180 Degree Capital Corp. (NASDAQ:TURN) announced Parabellum Acquisition Corp.'s intent to merge with EnOcean GmbH, creating EnOcean Holdings, N.V. The merger values EnOcean at an equity value of $120 million, with 180 Degree holding about 825,000 shares and 2.7 million warrants post-transaction. Parabellum's trust account currently has $146.5 million in proceeds available. The deal, approved by both parties, is expected to close in the first half of 2023, pending customary conditions, including Parabellum shareholder approval.

180 Degree Capital Corp. (NASDAQ: TURN) reported financial results for Q3 2022, highlighting a 3.0% decline in net asset value (NAV) and a -2.9% gross total return for its public and related portfolio. The company noted that approximately 80% of its total assets are in cash and public securities, with $17.5 million in legacy private holdings. Despite the challenging market conditions, management expressed confidence in their strategy and intentions to grow assets to at least $200 million. A conference call to discuss these results is scheduled for November 8, 2022.

MONTCLAIR, N.J., Nov. 04, 2022 - 180 Degree Capital Corp. (NASDAQ: TURN) is set to announce its Q3 2022 financial results on November 7, 2022, after market close. A conference call will follow on November 8, 2022, at 9 AM ET to discuss these results and updates for Q4 2022. Interested parties can join via U.S. and international dial-ins or through a webcast. The company focuses on investing in undervalued small companies, aiming for significant share price turnarounds through constructive activism. More details are available on their investor relations website.

180 Degree Capital Corp. (NASDAQ:TURN) reported preliminary results for Q3 2022, with cash and securities totaling $67.5 million or $6.51 per share. The net asset value (NAV) per share is expected to be approximately $8.06-$8.10, showing a minor decrease from the previous quarter. Despite the challenging market, the company believes it has flexibility for value creation and substantial upside potential in its holdings. Management has increased their personal investments in the company, underscoring their commitment to shareholder interests.

180 Degree Capital Corp. (NASDAQ: TURN) reported a challenging Q2 2022, with a 14.9% decline in net asset value (NAV) and a -19.0% total return in its public portfolio. Despite positive developments in some holdings, the overall market conditions led to significant value drops. The company remains optimistic about future investments, aiming for a NAV of $200 million over time. Recent transactions include selling milestone payments for $12.3 million and holding shares in newly listed D-Wave Quantum, Inc.

180 Degree Capital Corp. (NASDAQ: TURN) will report its Q2 2022 financial results on August 8, 2022, after market close. A conference call to discuss these results and updates from Q3 2022 will be held on August 9, 2022, at 9am ET. Investors can join the discussion using the U.S. domestic dial-in number (609) 746-1082 or via webcast. The company focuses on investing in and offering assistance to undervalued small public companies, aiming for significant turnarounds in their valuations.

180 Degree Capital Corp. (NASDAQ: TURN) reported preliminary Q2 2022 financial results, revealing a net asset value per share (NAV) decline of approximately 14.5-15% to around $8.30-8.35, less severe than the 19% decline in the Russell Microcap Index. The company holds $62.7 million in cash and securities, approximately $6.04 per share. CEO Kevin Rendino emphasized the importance of maintaining cash reserves during market volatility. The official Q2 update call is scheduled for August 9, 2022.

180 Degree Capital Corp. (NASDAQ:TURN) issued an open letter to Comscore's Board and Preferred Stockholders highlighting concerns over governance and fiduciary duties. The letter calls for alignment of interests between common and preferred stockholders, improvements in Board independence, completion of CEO transition, and renegotiation of a significant contract with Charter. The company emphasizes the need for decisive actions to enhance shareholder value and ensure the Board prioritizes the interests of common stockholders over preferred stockholders, as mandated by Delaware law.

180 Degree Capital Corp. (NASDAQ:TURN) announced the receipt of $12.3 million in cash, equivalent to $1.19 per share, following the sale of its rights to potential future milestone payments from Eli Lilly's acquisition of Petra Pharma Corporation. CEO Kevin M. Rendino noted that this addition strengthens the company's balance sheet, allowing it to pursue attractive investment opportunities that could yield over 100% returns in three years. This milestone represents significant progress in 180's financial strategy since its inception in 2017.