Welcome to our dedicated page for 180 Degree Capital news (Ticker: TURN), a resource for investors and traders seeking the latest updates and insights on 180 Degree Capital stock.
180 Degree Capital Corp. (symbol: TURN) is a publicly traded registered closed-end fund specializing in investing in undervalued small-cap companies with significant turnaround potential. The company's strategy hinges on constructive activism to unlock value in these firms, aiming for a 180-degree transformation in their performance and market perception.
Founded on the principles of long-term capital appreciation, 180 Degree Capital Corp. focuses on sectors driven by disruptive technologies, particularly in the life sciences, precision medicine, and health industries. As a non-diversified closed-end management investment company, TURN offers a unique investment approach by combining venture capital insights with strategic activism.
Recent achievements include successful investments and strategic partnerships that have led to substantial milestones in the portfolio companies' growth and market presence. The company continually evaluates new opportunities to invest in businesses that exhibit strong potential for innovation and market scalability.
180 Degree Capital Corp.'s operations are geared towards providing support and resources to its portfolio companies, enabling them to commercialize and integrate their products effectively. The firm leverages its expertise in financial services and industry-specific knowledge to foster growth and drive transformational outcomes.
For more detailed information and the latest updates, visit their website.
180 Degree Capital Corp. (TURN) reported a net asset value (NAV) of $6.32 per share as of December 31, 2022, declining from $8.10 due to significant write-downs in its legacy private portfolio, particularly from AgBiome and D-Wave Quantum. The legacy portfolio caused 71% of the NAV decline. Despite a tough 2022, the NAV increased to approximately $7.08 as of February 23, 2023. The company holds 86% of total investment assets in public markets and expects cash payments from TARA Biosystems' acquisition totaling $2.4 million in 2023-2024. A conference call to discuss Q4 2022 results is scheduled for February 28, 2023.
180 Degree Capital Corp. (NASDAQ: TURN) will release its fourth quarter 2022 financial results on February 27, 2023, post-market close. A conference call is scheduled for February 28, 2023, at 9 am ET to discuss these results and Q1 2023 updates. Investors can join the call using the U.S. domestic number (609) 746-1082, with international numbers available on their website. This registered closed-end fund specializes in investing in undervalued small-cap companies, aiming for substantial turnarounds. More details can be found at www.180degreecapital.com.
180 Degree Capital Corp. (NASDAQ:TURN) announced Parabellum Acquisition Corp.'s intent to merge with EnOcean GmbH, creating EnOcean Holdings, N.V. The merger values EnOcean at an equity value of $120 million, with 180 Degree holding about 825,000 shares and 2.7 million warrants post-transaction. Parabellum's trust account currently has $146.5 million in proceeds available. The deal, approved by both parties, is expected to close in the first half of 2023, pending customary conditions, including Parabellum shareholder approval.
180 Degree Capital Corp. (NASDAQ: TURN) reported financial results for Q3 2022, highlighting a 3.0% decline in net asset value (NAV) and a -2.9% gross total return for its public and related portfolio. The company noted that approximately 80% of its total assets are in cash and public securities, with $17.5 million in legacy private holdings. Despite the challenging market conditions, management expressed confidence in their strategy and intentions to grow assets to at least $200 million. A conference call to discuss these results is scheduled for November 8, 2022.
MONTCLAIR, N.J., Nov. 04, 2022 - 180 Degree Capital Corp. (NASDAQ: TURN) is set to announce its Q3 2022 financial results on November 7, 2022, after market close. A conference call will follow on November 8, 2022, at 9 AM ET to discuss these results and updates for Q4 2022. Interested parties can join via U.S. and international dial-ins or through a webcast. The company focuses on investing in undervalued small companies, aiming for significant share price turnarounds through constructive activism. More details are available on their investor relations website.
180 Degree Capital Corp. (NASDAQ:TURN) reported preliminary results for Q3 2022, with cash and securities totaling $67.5 million or $6.51 per share. The net asset value (NAV) per share is expected to be approximately $8.06-$8.10, showing a minor decrease from the previous quarter. Despite the challenging market, the company believes it has flexibility for value creation and substantial upside potential in its holdings. Management has increased their personal investments in the company, underscoring their commitment to shareholder interests.
180 Degree Capital Corp. (NASDAQ: TURN) reported a challenging Q2 2022, with a 14.9% decline in net asset value (NAV) and a -19.0% total return in its public portfolio. Despite positive developments in some holdings, the overall market conditions led to significant value drops. The company remains optimistic about future investments, aiming for a NAV of $200 million over time. Recent transactions include selling milestone payments for $12.3 million and holding shares in newly listed D-Wave Quantum, Inc.
180 Degree Capital Corp. (NASDAQ: TURN) will report its Q2 2022 financial results on August 8, 2022, after market close. A conference call to discuss these results and updates from Q3 2022 will be held on August 9, 2022, at 9am ET. Investors can join the discussion using the U.S. domestic dial-in number (609) 746-1082 or via webcast. The company focuses on investing in and offering assistance to undervalued small public companies, aiming for significant turnarounds in their valuations.
180 Degree Capital Corp. (NASDAQ: TURN) reported preliminary Q2 2022 financial results, revealing a net asset value per share (NAV) decline of approximately 14.5-15% to around $8.30-8.35, less severe than the 19% decline in the Russell Microcap Index. The company holds $62.7 million in cash and securities, approximately $6.04 per share. CEO Kevin Rendino emphasized the importance of maintaining cash reserves during market volatility. The official Q2 update call is scheduled for August 9, 2022.
180 Degree Capital Corp. (NASDAQ:TURN) issued an open letter to Comscore's Board and Preferred Stockholders highlighting concerns over governance and fiduciary duties. The letter calls for alignment of interests between common and preferred stockholders, improvements in Board independence, completion of CEO transition, and renegotiation of a significant contract with Charter. The company emphasizes the need for decisive actions to enhance shareholder value and ensure the Board prioritizes the interests of common stockholders over preferred stockholders, as mandated by Delaware law.
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