Financial Data and Key Metrics Changes - The company ended Q3 2024 with a net asset value (NAV) of $157.4 million, or $6.73 per share, down from $6.94 in Q2 2024 [19][69] - The decrease in NAV per share was primarily driven by a $0.59 per share decrease from net realized losses on portfolio investments, a $0.14 per share decrease due to net investment loss, and a $0.01 per share decrease from realized loss on the partial repurchase of 6% notes due 2026 [69] Business Line Data and Key Metrics Changes - AI investments now represent 18% of the company's gross assets at the end of Q3 2024, increasing to approximately 23% after additional investments post-quarter [10][11] - The top five positions accounted for approximately 47% of the investment portfolio at fair value, while the top ten positions accounted for about 75% [20] Market Data and Key Metrics Changes - AI startups accounted for 31% of total global venture funding in Q3 2024, with OpenAI's $6.6 billion financing being the largest venture capital deal of all time [11][22] - CoreWeave is positioned for significant revenue growth, with estimated revenues of $500 million for 2023, $2 billion for 2024, and $8 billion for 2025 [33] Company Strategy and Development Direction - The company aims to democratize access to venture capital opportunities, focusing on late-stage investments in AI and technology companies [7][8] - The strategy includes prioritizing industry-agnostic infrastructure investments over unproven applications, positioning the company to capitalize on the growth of AI [12][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the potential reopening of the IPO market, highlighting several portfolio companies that are well-positioned for IPOs [51] - The company believes it is strategically positioned to benefit from a revitalized IPO market, with a balanced portfolio of late-stage companies [51] Other Important Information - The company has executed a note purchase agreement for 6.5% convertible notes due 2029, with plans to issue up to $75 million in aggregate principal amount [61][64] - The share repurchase program has been expanded to $64.3 million, with approximately $25 million remaining authorized [71] Q&A Session Summary - There were no questions during the Q&A session, and the operator concluded the call [73]

Financial Performance - As of September 30, 2024, SuRo Capital's net asset value is estimated to be between $6.50 and $7.00 per share, compared to approximately $8.41 per share at September 30, 2023[8]. - The company reported net assets of approximately $162.3 million at June 30, 2024, indicating a significant increase in net assets year-over-year[8]. Investment Activities - The company held positions in 36 portfolio companies as of September 30, 2024, including 32 privately held and 4 publicly held[9]. - During Q3 2024, SuRo Capital invested $17.5 million in OpenAI Global, LLC and $5.0 million in CoreWeave, Inc.[10]. - The company exited investments in OneValley, Inc. and Churchill Sponsor VII LLC, realizing net proceeds of $3.0 million and incurring a loss of $6.6 million, respectively[11]. - The company has made investments in accordance with its investment strategy, focusing on high-potential portfolio companies[7]. Debt and Financing - The total outstanding principal amount of the company's Convertible Notes is now $30.0 million after issuing an additional $5.0 million in October 2024[5]. - Interest on the Convertible Notes is paid quarterly at a rate of 6.50% per year, with the first payment made on September 30, 2024[6]. Future Outlook - SuRo Capital expects to announce its third quarter results in November 2024[12]. - Forward-looking statements indicate potential risks and uncertainties that could affect future performance, including market volatility[14].

Core Insights - SuRo Capital Corp. reported a net asset value of $6.73 per share as of September 30, 2024, down from $6.94 per share at June 30, 2024, and $8.41 per share at September 30, 2023 [1][11][29] - The company has made significant investments in AI, including a $17.5 million investment in OpenAI and a $5.0 million investment in CoreWeave during the third quarter of 2024 [3][7] - The total fair value of SuRo Capital's investment portfolio was approximately $199.3 million, with 37 portfolio companies, of which 33 are privately held [4][24] Financial Performance - For the quarter ended September 30, 2024, SuRo Capital reported a net investment loss of $3.2 million and a net realized loss on investments of $13.7 million [11][26] - The net change in unrealized appreciation of investments was $11.6 million, contributing to a net decrease in net assets of $5.5 million for the quarter [11][27] - The company’s liquid assets were approximately $39.5 million as of September 30, 2024, consisting of cash and publicly traded securities [13] Investment Strategy - SuRo Capital has focused on high-growth sectors, particularly in AI infrastructure and software solutions, positioning itself to capitalize on potential IPO opportunities [2][3] - The company has executed a disciplined approach to capital deployment, with a notable increase in investment activity during 2024 [3][4] - The top five investments accounted for approximately 47% of the total portfolio fair value, indicating a concentrated investment strategy [4][5] Recent Transactions - Subsequent to the quarter-end, SuRo Capital invested an additional $5.0 million in CoreWeave and $12.0 million in VAST, further expanding its AI infrastructure portfolio [9][10] - The company has also engaged in a note repurchase program, repurchasing a portion of its 6.00% Notes due 2026 [17][18] Shareholder Returns - The company has authorized a share repurchase program, allowing for the repurchase of up to $64.3 million in common stock, with approximately $25.0 million remaining for future purchases [19][20] - Since the inception of the share repurchase program in August 2017, SuRo Capital has repurchased over 6.0 million shares for approximately $39.3 million [20]

Core Points - SuRo Capital Corp. will report its financial results for the quarter ended September 30, 2024, after the U.S. market closes on November 7, 2024 [1] - A conference call and webcast for investors will be held at 2:00 p.m. PT (5:00 p.m. ET) on the same day [2] - The company is a publicly traded investment fund focused on high-growth, venture-backed private companies [4] Financial Reporting - The financial results announcement is scheduled for November 7, 2024, after market close [1] - A live conference call will be accessible to U.S. participants at 866-580-3963 and international participants at +1 786-697-3501, with a conference ID of 9289675 [2] - An archived replay of the conference call will be available until November 14, 2024 [3] Company Overview - SuRo Capital Corp. is headquartered in New York, NY, with an additional office in San Francisco, CA [4] - The company aims to create a portfolio of high-growth emerging private companies through a disciplined investment approach [4] - Investors can access these companies through SuRo Capital's publicly traded common stock [4]

Analyst Background - Dan Plettner specializes in qualitative investigative research methods focusing on Closed-End Funds and underfollowed securities [1] - Dan Plettner has been investing since his teen years and completed his undergraduate degree Magna Cum Laude from Miami University [1] - He won the "NSD award" as a retail Financial Advisor at Morgan Stanley Dean Witter and later served as a Closed-End Fund Product Specialist at Morgan Stanley's International Headquarters in Manhattan [1] - Dan Plettner attained his MBA from New York University [1] Investment Position - The analyst holds a beneficial long position in SSSS through stock ownership, options, or other derivatives [2] - SSSS represents over 5% of the analyst's overall investing portfolio [3] - The analyst is more likely to net harvest some gains rather than further increase the percentage allocation in SSSS [3] - The analyst expects to remain long on SSSS for some time and does not envision selling SSSS short under any circumstances [3] Disclosure - The analyst is not receiving compensation for the article other than from Seeking Alpha [2] - The analyst has no business relationship with any company whose stock is mentioned in the article [2] - Seeking Alpha's analysts are third-party authors who may not be licensed or certified by any institute or regulatory body [4]

Continues to Execute on AI Strategy with Significant New Investments Net Asset Value Anticipated to be $6.50 to $7.00 Per Share NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- SuRo Capital Corp. ("SuRo Capital", the "Company", "we", "us", and "our") (Nasdaq: SSSS) today provided the following preliminary update on its investment portfolio for the third quarter ended September 30, 2024. "For over a decade, SuRo Capital has been the public's gateway to curated venture capital. This access, once reserved only for ...

SuRo Capital Corp. (NASDAQ:SSSS) Q2 2024 Results Conference Call August 7, 2024 5:00 PM ET Company Participants Evan Schlossman - Investor Relations Mark Klein - Chairman and Chief Executive Officer Allison Green - Chief Financial Officer Conference Call Participants Mac Sykes - Gabelli Fund Operator Hello, and welcome to SuRo Capital's Second Quarter 2024 Earnings Call. My name is Melissa, and I will be your coordinator for today's event. Please note, this conference is being recorded. [Operator Instructio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, par value $0.01 per share SSSS Nasdaq Global Select Market 6.00% Notes due 2026 SSSSL Nasdaq Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

Exhibit 99.1 SuRo Capital Corp. Reports Second Quarter 2024 Financial Results Net Asset Value of $6.94 Per Share as of June 30, 2024 Executed Purchase Agreement for 6.50% Convertible Notes Due 2029 Board Approved Note Repurchase Program Up To $35.0 Million NEW YORK, NY, August 7, 2024 (GLOBE NEWSWIRE) – SuRo Capital Corp. ("SuRo Capital", the "Company", "we", "us", and "our") (Nasdaq: SSSS) today announced its financial results for the quarter ended June 30, 2024. Net assets totaled approximately $162.3 mil ...

SuRo Capital's liquid assets were approximately $57.6 million as of June 30, 2024, consisting of cash and securities of publicly traded portfolio companies not subject to lock-up restrictions at quarter-end. NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- SuRo Capital Corp. ("SuRo Capital", the "Company", "we", "us", and "our") (Nasdaq: SSSS) today provided the following preliminary update on its investment portfolio for the second quarter ended June 30, 2024. As previously reported, SuRo Capital's net assets t ...