SuRo Capital(SSSS) - 2024 Q3 - Quarterly Results

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].