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.
180 Degree Capital Corp. (NASDAQ:TURN) has issued a letter to the Board of Directors of Comscore, Inc. (SCOR), demanding significant changes to governance practices. Key demands include ceasing the payment of Series B Preferred Stock dividends in additional shares and reducing director compensation. The letter criticizes the performance of SCOR's stock, which has decreased by 65.7% since March 2021, compared to a 19.4% decline in the Russell 2000 Index. It further calls for the removal of Lead Independent Director Brent Rosenthal and the appointment of Jon Carpenter to the Board. The letter accuses the current Board of focusing on personal gains at the expense of common stockholders and emphasizes the need for alignment between preferred and common stockholder interests.
180 Degree Capital Corp. (NASDAQ:TURN) announced a preliminary gross total return of +5.7% for its public and related portfolio in Q1 2023, outperforming the Russell Microcap Index, which reported a -2.9% return. As of March 31, 2023, the company expects its cash and securities to represent around 88% of its assets, indicating financial stability. The company anticipates a 20% increase in cash and public securities compared to its closing stock price. This transition to public investments is nearly complete, likely reducing the stock price’s discount to net asset value (NAV). A quarterly update call is planned for mid-May 2023.
180 Degree Capital Corp. (NASDAQ: TURN) has initiated a campaign urging the resignation of Brent Rosenthal from SCOR's Board of Directors, demanding a board member with capital markets success to defend common shareholder rights. With a 6% stake in SCOR, 180 seeks transparency in the potential for a special dividend and advocates for reduced board fees and a smaller board size due to perceived excessive compensation. The firm argues that current compensation structures favor board members over common shareholders and threatens legal action if fiduciary duties are disregarded. 180 believes that converting preferred dividends to common stock could unlock value for all stakeholders.
180 Degree Capital Corp. (NASDAQ:TURN) reported a significant increase in its estimated net asset value per share (NAV) to $7.08 as of February 23, 2023, marking a 12% rise from the end of 2022. The company's holdings are now comprised of 87% public assets and only 13% legacy private companies, which has contributed to a gross total return of approximately 14.8% from the end of 2022. The performance outpaces the Russell Microcap Index’s return of 7.0%. CEO Kevin M. Rendino expressed optimism for 2023 following a challenging previous year. A conference call will be held on February 28, 2023, to discuss Q4 2022 results and Q1 2023 developments.
180 Degree Capital Corp. (TURN) reported a net asset value (NAV) of $6.32 per share as of December 31, 2022, declining from $8.10 due to significant write-downs in its legacy private portfolio, particularly from AgBiome and D-Wave Quantum. The legacy portfolio caused 71% of the NAV decline. Despite a tough 2022, the NAV increased to approximately $7.08 as of February 23, 2023. The company holds 86% of total investment assets in public markets and expects cash payments from TARA Biosystems' acquisition totaling $2.4 million in 2023-2024. A conference call to discuss Q4 2022 results is scheduled for February 28, 2023.
180 Degree Capital Corp. (NASDAQ: TURN) will release its fourth quarter 2022 financial results on February 27, 2023, post-market close. A conference call is scheduled for February 28, 2023, at 9 am ET to discuss these results and Q1 2023 updates. Investors can join the call using the U.S. domestic number (609) 746-1082, with international numbers available on their website. This registered closed-end fund specializes in investing in undervalued small-cap companies, aiming for substantial turnarounds. More details can be found at www.180degreecapital.com.
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.