SuRo Capital Corp. Reports First Quarter 2026 Financial Results

About this update from Suro Capital Corp.

Board Approves Joint Venture with Magnetar to Form Neostellar Advisors LLC Net Asset Value of $14.24 Per Share as of March 31, 2026 NEW YORK, May 05, 2026 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today announced its financial results for the first quarter ended March 31, 2026. Net assets totaled approximately $361.6 million, or $14.24 per share, at March 31, 2026, as compared to $8.09 per share, at December 31, 2025 and $6.66 per share at March 31, 2025. “SuRo Capital delivered an unprecedented quarter, with net asset value increasing from $8.09 per share at December 31, 2025 to $14.24 per share at March 31, 2026,” said Mark Klein, Chairman and Chief Executive Officer. “This $6.15 per share increase, or approximately 76% quarter-over-quarter, reflects strong portfolio performance and the continued relevance of our strategy of providing public market investors with access to high-growth, venture-backed private companies.” “This performance reflects meaningful momentum across the portfolio, including recent financing activity at WHOOP and OpenAI. During the quarter, we invested $5 million in a Magnetar special purpose vehicle investing in TensorWave, and subsequent to quarter-end, invested $9.5 million in ClickHouse, expanding our exposure to AI and data infrastructure through companies we believe are positioned among the next wave of category leaders.” “Our Board has approved what we believe is one of the most significant strategic steps in SuRo Capital’s history: the proposed transition to an externally managed structure through Neostellar Advisors LLC, an adviser jointly owned by our team and Magnetar, subject to stockholder approval,” Mr. Klein continued. “We are excited to pair our investment strategy and leadership continuity with Magnetar’s scale, sourcing reach, diligence capabilities, portfolio support, and institutional infrastructure. We believe this partnership meaningfully strengthens our ability to invest in high-quality private companies and drive long-term shareholder value.” “Looking ahead, we remain focused on building on this momentum and believe our portfolio progress, together with our proposed relationship with Magnetar, positions SuRo Capital to continue investing in high-quality private companies and creating long-term shareholder value.” Externalization On April 2, ...

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