SuRo Capital announces expiration and final results of Tender Offer

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  • SuRo Capital (NASDAQ:SSSS) said on Wednesday that in accordance with its previously announced Tender Offer, and based on the final count by Equiniti Trust Company, it will repurchase 2M shares at a price of $4.70/share on a pro rata basis.
  • Shares of SSSS fell 5.2%.
  • SSSS added that in conjunction with Equiniti Trust Company, it had determined the final proration factor for the tender offer is ~69.3%.
  • The company said it is funding the repurchase of shares in the Tender Offer using a portion of its cash on hand.
  • Press Release

Harry Byrne

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