180 Degree Capital Corp. Notes Opportunistic and Discounted Retirement of Preferred Stock and Repurchase of Notes by its Portfolio Company Synchronoss Technologies, Inc. (SNCR)

Core Insights - 180 Degree Capital emphasizes constructive activism through its investment in Synchronoss Technologies, Inc. (SNCR), highlighting the potential for value appreciation due to strategic management collaboration and upcoming catalysts [1][2][5] - SNCR has successfully retired its Series B Preferred Stock and $19.7 million of Senior Notes, funded by a new $75 million term loan, resulting in a significant improvement in its capital structure and cost savings [2][5] Company Overview - 180 Degree Capital Corp. is a publicly traded closed-end fund focused on investing in undervalued small public companies, aiming for significant turnarounds through constructive activism [3] Financial Impact - The recent transactions by SNCR are expected to improve its capital structure by $7.3 million and generate approximately $10.6 million in pre-tax cost savings, enhancing its ability to generate free cash flow in the future [2][5]