Workflow
SuRo Capital(SSSS)
icon
Search documents
SuRo Capital Corp. to Report Third Quarter 2024 Financial Results on Thursday, November 7, 2024
GlobeNewswire News Room· 2024-10-31 20:05
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]
Pre-IPO AI And Exceptional Governance At Suro Capital
Seeking Alpha· 2024-10-15 05:06
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]
SuRo Capital Corp. Third Quarter 2024 Preliminary Investment Portfolio Update
GlobeNewswire News Room· 2024-10-10 20:05
Core Insights - SuRo Capital continues to focus on artificial intelligence (AI) investments, with significant new investments made during the third quarter of 2024 [3][4] - The estimated net asset value (NAV) per share is projected to be between $6.50 and $7.00 as of September 30, 2024 [6] Investment Activities - In Q3 2024, SuRo Capital invested $17.5 million in OpenAI and $5.0 million in CoreWeave, an AI cloud computing provider [3][7] - Subsequent to the quarter-end, the company made an additional $12.0 million investment in VAST Data and increased its investment in CoreWeave by another $5.0 million [3][9] - Overall, nearly $55.0 million has been invested in leading AI infrastructure companies [4] Financial Position - As of September 30, 2024, SuRo Capital's liquid assets amounted to approximately $39.5 million [10] - The company has a total of 23,378,002 shares of common stock outstanding [10] Debt Management - The Board of Directors approved a repurchase program for up to $35.0 million of its 6.00% Notes due 2026 and plans to issue up to $75.0 million in private 6.50% Convertible Notes due 2029 [5][11] - As of September 30, 2024, the company had repurchased 1,010,136 of the 6.00% Notes under the repurchase program [14] Portfolio Overview - As of September 30, 2024, SuRo Capital held positions in 36 portfolio companies, including 32 privately held and 4 publicly held [7] - The company exited or received proceeds from several investments during the quarter, including a loss of $6.6 million from OneValley, Inc. [8]
SuRo Capital Corp. Second Quarter 2024 Preliminary Investment Portfolio Update
GlobeNewswire News Room· 2024-07-11 20:30
Share Repurchase Program Statements included herein, including statements regarding SuRo Capital's beliefs, expectations, intentions, or strategies for the future, may constitute "forward-looking statements". SuRo Capital cautions you that forwardlooking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. All forward-looking statements involve a number of risks and uncertainties, including the ...
SuRo Capital(SSSS) - 2024 Q1 - Quarterly Report
2024-05-09 13:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-00852 SuRo Capital Corp. (Exact name of registrant as specified in its charter) Maryland 27-4443543 Indicate by check mark whether the registrant is a shell company ...
SuRo Capital(SSSS) - 2024 Q1 - Earnings Call Transcript
2024-05-09 02:31
SuRo Capital Corp. (NASDAQ:SSSS) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Adam Bates - Investments Mark Klein - Chairman, President and Chief Executive Officer Allison Green - Chief Financial Officer, Treasurer and Corporate Secretary Conference Call Participants Operator Hello, and welcome to SuRo Capital's First 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. And for durati ...
SuRo Capital(SSSS) - 2024 Q1 - Quarterly Results
2024-05-08 20:10
Completed $35 Million in New Investments Year-to-Date NEW YORK, NY, May 8, 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 March 31, 2024. Net assets totaled approximately $181.7 million, or $7.17 per share, at March 31, 2024, as compared to $7.99 per share at December 31, 2023 and $7.59 per share at March 31, 2023. "We are pleased to share that we have deployed more capital in the la ...
SuRo Capital(SSSS) - 2023 Q4 - Annual Report
2024-03-14 13:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-00852 SuRo Capital Corp. (Exact name of registrant as specified in its charter) Maryland 27-4443543 (State of incorporation) (I.R.S. Employer Identification No.) 640 Fif ...
SuRo Capital(SSSS) - 2023 Q4 - Earnings Call Transcript
2024-03-14 00:45
SuRo Capital Corp. (NASDAQ:SSSS) Q4 2023 Earnings Conference Call March 13, 2024 5:00 PM ET Company Participants Jackson Stone - Investments Mark Klein - Chairman and CEO Allison Green - CFO Conference Call Participants Operator Hello, and welcome to SuRo Capital's Fourth Quarter and Fiscal Year 2023 Earnings Call. My name is Melissa, and I will be your coordinator for today's event. Please note, this conference is being recorded. And for duration of the call, your lines will be in a listen-only mode. How ...
SuRo Capital(SSSS) - 2023 Q3 - Quarterly Report
2023-11-09 20:31
(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-00852 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q SuRo Capital Corp. (Exact name of registrant as specified in its charter) Maryland 27-4443543 (State of incorporation) (I.R.S. Employer Identification No. ...