Mount Logan Capital Inc. Shareholders Approve Previously Announced Business Combination with 180 Degree Capital Corp.

Core Points - The shareholders of Mount Logan Capital Inc. have approved the resolutions necessary for the business combination with 180 Degree Capital Corp, which will create a new publicly traded company listed on the Nasdaq Capital Market [1][2] - The business combination is expected to be completed in September 2025, pending customary closing conditions, including a final order from the Ontario Superior Court of Justice [1][7] Voting Results - A total of 47,735,772 votes were represented at the special meeting, accounting for approximately 81.79% of the issued and outstanding shares [2] - The Arrangement Resolution received 99.90% approval, with 47,685,744 votes in favor and 50,028 against [3][4] - The Merger Resolution also received 99.90% approval, with 47,685,746 votes in favor and 50,026 against [5] - The Merger Minority Vote had 99.89% approval, with 45,622,088 votes in favor and 50,026 against [6] - The 2025 Omnibus Plan Resolution received 95.03% approval, with 45,363,756 votes in favor and 2,372,016 against [7] Company Background - Mount Logan Capital Inc. focuses on alternative asset management and insurance solutions, primarily in public and private debt securities in the North American market [10] - The company also engages in the reinsurance of annuity products through its subsidiaries, Mount Logan Management LLC and Ability Insurance Company [10][11]