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) 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.
180 Degree Capital Corp. (NASDAQ: TURN) recently issued an open letter expressing concerns about Comscore, Inc. (SCOR) following its removal from the Russell indices, which led to significant value loss for common stockholders. Holding a substantial stake in SCOR, 180 Degree Capital criticized the Board's alignment with preferred stockholders' interests, noting that the structure incentivizes cash extraction from the company without benefiting common shareholders. They advocate for converting preferred shares to common stock to restore value and maintain index membership.
180 Degree Capital Corp. (NASDAQ:TURN) reported a challenging Q1 2022, with an 8% decline in NAV and a -14.8% gross total return from its public portfolio. However, the company's legacy private portfolio rose by $3.3 million. Positive developments included the sale of Petra Pharma milestone payments and a $76.6 million first payment from TARA Biosystems, translating to $7.38 per share. CEO Kevin Rendino emphasized the firm's focus on identifying small-cap investment opportunities despite current market volatility.
180 Degree Capital Corp. (NASDAQ: TURN) will announce its Q1 2022 financial results on May 11, 2022, after market close. A conference call is scheduled for May 12, 2022, at 9 AM ET to discuss these results and updates for Q2 2022. Investors can access the call via U.S. Dial-In at (609) 746-1082 or through international numbers listed online. The meeting will also be webcast, with materials available post-call on the company's investor relations site. 180 Degree Capital focuses on investing in undervalued small companies to drive share price turnarounds.
On April 28, 2022, 180 Degree Capital Corp. (NASDAQ: TURN) announced the sale of its rights to potential future milestone payments from Eli Lilly's acquisition of Petra Pharma for $12.3 million, equating to $1.19 per share. These milestone payments were valued at $7.6 million as of December 31, 2021. The sale reflects 180's strategic shift towards public market investments, positioning them to hold approximately 83% of its cash and investments in cash and public securities. The company aims to reduce the discount of its stock to its net asset value (NAV).
180 Degree Capital Corp. (NASDAQ:TURN) announced that its private portfolio holding, TARA Biosystems, was acquired by Valo Health, LLC. The acquisition will provide 180 with approximately $2.7 million in cash over the next 24 months, with an opportunity for an additional $3.3 million based on milestone achievements. CEO Kevin M. Rendino emphasized this event as a step towards monetizing their private portfolio, aiming for liquidity and growth in cash assets. The firm aims to convert all assets into cash and public companies.