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180 Degree Capital Corp. Notes Filing of Definitive Materials for Proposed Business Combination with Mount Logan Capital and Will Host a Shareholder Call on Tuesday, July 15, 2025, at 1 PM ET
180 Degree Capital 180 Degree Capital (US:TURN) GlobeNewswire News Roomยท2025-07-14 11:30

Core Points - 180 Degree Capital Corp. has filed definitive proxy materials for a proposed all-stock merger with Mount Logan Capital Inc. [1] - The Special Meeting for the approval of the Business Combination is scheduled for August 22, 2025, with a record date of July 8, 2025 [1] - A shareholder call is set for July 15, 2025, to discuss preliminary Q2 2025 results and the proposed Business Combination [2] Company Overview - 180 Degree Capital Corp. is a publicly traded closed-end fund focused on investing in undervalued small publicly traded companies, aiming for significant turnarounds through constructive activism [3] Business Combination Details - The merger agreement between 180 Degree Capital and Mount Logan was dated January 16, 2025, and involves the exchange of shares in the Business Combination [5] - A definitive proxy statement has been filed with the SEC, which includes important information about the merger and related matters [5] Management Insights - Kevin Rendino, CEO of 180 Degree Capital, expressed optimism about shareholder support for the Business Combination, noting strong initial indications [2] - Ted Goldthorpe, CEO of Mount Logan, highlighted growth opportunities for the combined companies and the benefits of a NASDAQ listing [2]