180 Degree Capital Corp Stock Price, News & Analysis

Marlton Partners, owning approximately 5.8% of 180 Degree Capital Corp. (NASDAQ: TURN), has filed a preliminary proxy statement to nominate four independent director candidates for election at the company's Special Meeting on September 15, 2025.

The nominees include James C. Elbaor, Gabriel Gliksberg, Aaron Morris, and Andrew Greenberg. As long-term shareholders, Marlton aims to enhance TURN's governance and ensure proper management of shareholder capital. The proxy filing represents a significant step in their ongoing engagement with the company, which began over a year ago.

["Potential for improved corporate governance through new board members", "Shareholders given opportunity to vote on board composition"]

180 Degree Capital (NASDAQ: TURN) and Mount Logan Capital have reported strong shareholder support for their proposed business combination. As of August 14, 2025, over 57% of TURN's outstanding shares have been voted in favor of the merger, representing more than 90% of the approximately 63% of shares that participated in the vote.

Mount Logan has also received sufficient proxy votes exceeding the required thresholds for approval. Both companies will hold special shareholder meetings on August 22, 2025 to formally approve the combination. The companies' management teams continue engaging with shareholders and express confidence in achieving the required voting threshold for completing the transaction.

180 Degree Capital Corp. (NASDAQ: TURN) reported that its portfolio company, Synchronoss Technologies (SNCR), has received $30.2 million of its expected $33.9 million tax refund, with the remaining $3.7 million anticipated before Labor Day 2025.

SNCR will use 75% of the proceeds ($25.4 million) to pay down its term loan facility, reducing annual interest expenses by $2.9 million. This will decrease SNCR's total debt to $173.4 million, with net debt of approximately $143 million.

180 Degree Capital, which owns approximately 890,000 SNCR shares, reported positive portfolio performance with +22.8% gross performance and +10% NAV growth year-to-date, outperforming the Russell Microcap Index. The company's estimated NAV stands at $5.10 per share as of July 25, 2025.

180 Degree Capital Corp. (NASDAQ:TURN) has filed definitive proxy materials for its proposed all-stock merger with Mount Logan Capital Inc. The company has scheduled a Special Meeting of Shareholders for August 22, 2025, with a record date of July 8, 2025, to vote on the Business Combination.

The company will host a shareholder call on July 15, 2025, at 1 PM ET featuring CEO Kevin Rendino, President Daniel Wolfe, and Mount Logan CEO Ted Goldthorpe to discuss both Q2 2025 preliminary results and the proposed merger. Management expressed optimism about strong initial shareholder support and Mount Logan's growth prospects, including enhanced visibility and liquidity through a NASDAQ listing.

180 Degree Capital Corp. (NASDAQ:TURN) reported preliminary Q2 2025 results and provided updates on its proposed merger with Mount Logan Capital Inc. The company announced a preliminary NAV per share of $4.80 as of June 30, 2025, representing an 8.6% increase from the previous quarter and a 3.4% year-to-date gain.

The company filed an amended preliminary joint proxy statement for its all-stock merger with Mount Logan Capital. Post-merger, the entity will operate as Mount Logan Capital Inc. under the symbol "MLCI". TURN shareholders will receive proportionate ownership based on NAV at closing, relative to Mount Logan's $67.4 million valuation. The company's public investment portfolio achieved a 16.0% gross total return in H1 2025, outperforming the Russell Microcap Index's -1.1% return.

Marlton Partners L.P., owning approximately 5.2% of 180 Degree Capital Corp. (NASDAQ: TURN), has nominated four independent director candidates for election to TURN's Board at a Special Meeting scheduled for September 15, 2025. The nominees are James C. Elbaor, Gabriel Gliksberg, Aaron Morris, and Andrew Greenberg.

The Special Meeting was called following Marlton's formal demand on June 17, 2025, addressing TURN's failure to hold an annual shareholder meeting since April 2024. The meeting date aligns with TURN's regulatory timeline for its proposed sale to Mount Logan Capital Inc.

Marlton criticizes TURN's performance under current Chairman and CEO Kevin Rendino's leadership since 2017, citing concerns including the rejection of Source Capital's offer at 101% of TURN NAV, a proposed no-premium sale of the Company, and over $6 million spent on deal-related expenses and management retention bonuses. The activist investor aims to restore TURN's credibility, narrow the NAV discount, and ensure better stewardship of shareholder capital.

180 Degree Capital (NASDAQ:TURN) announced the rescheduling of its special meeting for director elections to September 15, 2025. The date change follows discussions with shareholders who submitted a demand request on June 17, 2025, considering the company's focus on minimizing expenses ahead of its proposed all-stock merger with Mount Logan Capital Inc.

The company expects to secure regulatory approvals and hold a special meeting for the Business Combination approval before the new director election meeting date. The agreement includes provisions for seeking consent from demanding shareholders for any future date changes and providing notice to Marlton Partners before filing preliminary proxy materials.

180 Degree Capital Corp (NASDAQ:TURN) announced a special meeting for director elections on August 18, 2025, with a record date of July 18, 2025, following a shareholder demand under NY Business Law. The meeting comes amid the company's pending merger with Mount Logan Capital in an all-stock transaction. CEO Kevin Rendino emphasized the company's progress in the SEC review process for the Business Combination, with an amended preliminary joint proxy statement/prospectus filed on June 12, 2025. Management believes the merger will provide access to Mount Logan's robust balance sheet and credit capabilities, enabling comprehensive capital structure solutions for small-cap companies. The company views the combination as transformative, potentially making their NAV a floor rather than a ceiling for future value creation.

Marlton Partners and other shareholders, owning over 10% of 180 Degree Capital Corp (NASDAQ: TURN), have demanded a special shareholder meeting for director elections due to serious governance concerns. The demand follows TURN's failure to hold its 2025 Annual General Meeting and alleged mismanagement issues. Key concerns include the stalled Mount Logan Capital acquisition, which has incurred $6-7 million in deal costs (16% of Q1 NAV), lack of transparency in financial reporting, and a 4.7% NAV decline in Q1 2025. The company has not held an annual meeting since April 15, 2024, leaving shareholders without voting opportunities for over 14 months. Marlton's Managing Partner James Elbaor emphasized the need for accountability and shareholder input, particularly regarding the Mount Logan transaction.