SuRo Capital(SSSS) - 2025 Q3 - Quarterly Results

Filing Information This section details the registrant's identification, contact information, and registered securities with their trading symbols and exchanges Registrant Details This section provides the basic identification details for SuRo Capital Corp. as filed with the SEC, including its address and contact information - Registrant: SURO CAPITAL CORP., located at 640 Fifth Avenue, 12th Floor, New York, NY 10019. Telephone: (212) 931-6331[1] Securities Information Details the classes of securities registered by SuRo Capital Corp. and their trading information, confirming its status regarding emerging growth company regulations Registered Securities | 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 | - The registrant is not an emerging growth company[4] Item 2.02. Results of Operations and Financial Condition This section provides preliminary estimates for the third quarter ended September 30, 2025, and clarifies its furnishing status Preliminary Q3 2025 Results Overview SuRo Capital Corp. issued a press release on October 8, 2025, providing preliminary Q3 2025 estimates, furnished under Section 18 of the Exchange Act - SuRo Capital Corp. issued a press release on October 8, 2025, containing preliminary estimates for the third quarter ended September 30, 2025[5] - The information disclosed is 'furnished' and not 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, as amended[6] Item 8.01. Other Events This section covers preliminary financial estimates, investment portfolio activities, at-the-market offering updates, and dividend declarations Preliminary Estimates and Investment Portfolio Update This section provides preliminary Q3 2025 financial estimates, including NAV per share, and details investment activities, ATM offering status, and dividend declarations Preliminary Financial Estimates This subsection presents the estimated Net Asset Value per share for Q3 2025 and the total outstanding common stock shares Net Asset Value (NAV) Per Share | Date | NAV Per Share | | :---------------- | :------------ | | June 30, 2025 | ~$9.18 | | September 30, 2024 | ~$6.73 | | September 30, 2025 (estimated) | $9.00 - $9.50 | - As of September 30, 2025, there were 25,119,091 shares of the Company's common stock outstanding[9] Investment Portfolio Activity This subsection details the company's investment holdings, new investments, and sales activities during the third quarter of 2025 - As of September 30, 2025, the Company held positions in 37 portfolio companies (33 privately held and 4 publicly held)[10] New Investments During Q3 2025 | Portfolio Company | Investment Type | Transaction Date | Amount ($) | | :---------------------------------- | :---------------- | :--------------- | :----- | | Supplying Demand, Inc. (d/b/a Liquid Death) | Convertible Note | 7/29/2025 | 0.3 million | | HL Digital Assets Inc. | Preferred Shares | 9/18/2025 | 5.0 million | - HL Digital Assets Inc.'s primary purpose is to invest and manage its investment in HYPE, the digital token of Hyperliquid[12] Investment Sales/Proceeds During Q3 2025 | Portfolio Company | Transaction Date | Quantity | Average Net Share Price ($) | Net Proceeds ($) | Realized Gain ($) | | :------------------------------------ | :--------------- | :------- | :---------------------- | :----------- | :------------ | | CW Opportunity 2 LP | Various | -- | -- | 7.2 million | 3.7 million | | GrabAGun Digital Holdings Inc. – Public Warrants | Various | 395,512 | 1.67 | 0.7 million | 0.5 million | - SuRo Capital retains approximately 83.4% of its investment in CW Opportunity 2, LP as of September 30, 2025. The realized gain includes a discount related to estimated fees[20] - As of September 30, 2025, SuRo Capital held 1,204,488 remaining GrabAGun Digital Holdings Inc. public warrants[20] At-The-Market Offering This subsection details the shares sold and remaining value under the company's at-the-market offering during Q3 2025 - During Q3 2025, SuRo Capital sold 1,230,984 shares under its at-the-market (ATM) offering for gross aggregate proceeds of approximately $10.8 million[14] - The remaining aggregate dollar value of shares that may yet be sold under the ATM Offering is approximately $88.0 million[14] Dividend Declaration This subsection reports the cash dividend declared and paid in July 2025 to common stockholders - On July 3, 2025, a cash dividend of $0.25 per share was declared, paid on July 31, 2025, to common stockholders of record as of July 21, 2025[15] Preliminary Estimates and Guidance This section clarifies that the preliminary financial estimates are unaudited and subject to change, with the full Q3 2025 results expected in November 2025 - The preliminary financial estimates are unaudited and prepared by management; actual results may differ materially[16] - The Company expects to announce its third quarter ended September 30, 2025 results in November 2025[17] Forward-Looking Statements This standard disclosure warns that forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially - Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from projections[18] - The Company undertakes no obligation to update any forward-looking statement[18] Item 9.01. Financial Statements and Exhibits This section lists the exhibits accompanying the Form 8-K filing, including the press release and interactive data file Exhibits List This section lists the exhibits accompanying the Form 8-K filing, including the press release and interactive data file Exhibits Filed | Exhibit No. | Description | | :------------ | :---------------------------------------------------- | | Exhibit 99.1 | Press Release dated October 8, 2025* | | Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | - Exhibit 99.1 (Press Release) is 'furnished' and not 'filed', as described in Item 2.02[19] Signature This section provides the signatory details for the report, including the officer's name, title, and signing date - The report was signed on October 8, 2025, by Allison Green, Chief Financial Officer, Chief Compliance Officer, Treasurer, and Corporate Secretary of SuRo Capital Corp[23]