[SCHEDULE 13G] SYNCHRONOSS TECHNOLOGIES INC SEC Filing
Mount Logan Capital Inc. filed a Schedule 13G reporting ownership linked to 180 Degree Capital's recent business combination that closed on September 12, 2025. The filing states the reporting person holds an aggregate position of approximately 7.5% of Synchronoss Technologies (CUSIP 87157B400). The filing records shared voting and dispositive power over the reported shares and notes that certain securities assigned to 180 Degree Capital (restricted shares and options originally held by Kevin M. Rendino) remain unvested and therefore are excluded from the aggregate amount. The statement also indicates former 180 Degree Capital executives no longer exercise voting or dispositive authority over the reported shares.
- Reported 7.5% ownership of Synchronoss Technologies, a clearly disclosed, material minority stake
- Acquisition via an all-stock business combination with 180 Degree Capital is transparently disclosed
- Certification that the position was not acquired to influence control (Schedule 13G filing)
- Inconsistency in share counts appears in the filing (867,899 in one table vs. 866,788 in Item 4), which could cause confusion
- Certain assigned securities are unvested and excluded from the reported aggregate, meaning full economic exposure is not reflected
Insights
TL;DR: Mount Logan reports a meaningful 7.5% stake tied to a recent business combination, with shared control over the position.
The filing shows Mount Logan Capital acquired its position via an all-stock business combination with 180 Degree Capital that closed on September 12, 2025. The reporting person discloses shared voting and dispositive power over the stake and quantifies the holding as representing 7.5% of the class. This is a non-active Schedule 13G filing, certified to indicate the position was not acquired to influence control. The disclosure of assigned restricted shares and options that remain unvested is material for calculating fully diluted influence but the filing includes only vested/owned shares in the aggregate reported amount.
TL;DR: Governance impact appears limited—shared control reported and former executives no longer control the shares.
The schedule emphasizes that voting and dispositive authority over the reported shares is shared, and that former 180 Degree Capital officers (Kevin Rendino and Daniel Wolfe) no longer retain voting or dispositive authority for these shares. The filing also references Assignment and Assumption Agreements transferring control to 180 Degree Capital (now Mount Logan), and notes certain assigned securities remain unvested and excluded from the reported aggregate. These factors suggest the reported stake does not currently represent unilateral control of Synchronoss.