180 Degree Capital Corp. Notes Filing of Updated Preliminary Joint Proxy Statement/Prospectus for Proposed Business Combination With Mount Logan Capital Inc.

Core Viewpoint - 180 Degree Capital Corp. is progressing with its proposed all-stock merger with Mount Logan Capital Inc., with the expectation that the new entity will operate as New Mount Logan and be listed on Nasdaq under the symbol "MLCI" [1][2][3] Group 1: Merger Details - An amended preliminary joint proxy statement/prospectus was filed with the SEC on June 12, 2025, regarding the merger [1] - The valuation of Mount Logan at the time of signing was approximately $67.4 million, with 180 Degree Capital shareholders receiving ownership in New Mount Logan based on 180 Degree Capital's net asset value at closing [1] - The SEC review process is ongoing, and the company aims to set record and meeting dates for a special meeting to seek shareholder approval during the third quarter of 2025 [2][3] Group 2: Shareholder Engagement - Approximately 14% of non-insider shareholders have signed voting agreements or provided non-binding indications of support for the merger [3] - The company appreciates the engagement from shareholders and is committed to addressing their questions and comments [3] Group 3: Company Background - 180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in undervalued small publicly traded companies, aiming for significant turnarounds through constructive activism [4]