SuRo Capital Corp. Fourth Quarter 2024 Preliminary Investment Portfolio Update

Core Insights - SuRo Capital Corp. has reported a preliminary update on its investment portfolio for Q4 2024, highlighting a net asset value estimated between $6.50 to$7.00 per share [2][4] - The company emphasizes its focus on AI strategy and has achieved notable exits, including a successful IPO of ServiceTitan and a full exit from Oklo with over 20 times return on investment [4][3] - The investment portfolio includes 37 companies, with significant investments in AI infrastructure and emerging consumer brands [5][3] Investment Highlights - SuRo Capital's largest investment, CoreWeave, completed a $650 million secondary share sale, indicating strong market confidence [4] - The company increased its investment in CoreWeave to a total of$25 million and invested $12 million in VAST Data, enhancing its AI infrastructure portfolio [4][5] - The company reported liquid assets of approximately$23.6 million as of December 31, 2024, consisting of cash and publicly traded securities [9] Financial Transactions - SuRo Capital has engaged in a Note Purchase Agreement allowing for the issuance of up to $75 million in convertible notes, with$25 million already issued [10][11] - The company has repurchased 1,213,304 of its 6.00% Notes due 2026 under a discretionary note repurchase program, with a total of $35.3 million repurchased as of January 16, 2025 [15][14] - The Share Repurchase Program has been extended, allowing for an additional$25 million in share repurchases, with a total of over 6 million shares repurchased since its inception [16][17]