- 180 Degree Capital (NASDAQ:TURN) files definitive proxy materials for proposed merger with Mount Logan Capital.
- Shareholder vote scheduled for August 22, 2025; record date set for July 8, 2025.
- Shareholder call on July 15, 2025, to discuss merger and Q2 2025 preliminary results.
180 Degree Capital Corp. (TURN, Financial) has filed definitive proxy materials for its proposed all-stock merger with Mount Logan Capital Inc. This significant step marks the advance of the corporate transaction, with a special shareholder meeting scheduled for August 22, 2025. Shareholders owning stock as of the record date, July 8, 2025, will be eligible to vote on the business combination.
Company management, expressing optimism about strong shareholder support, highlighted the potential benefits from the merger for Mount Logan, notably a strategic advantage through enhanced market visibility and liquidity due to a NASDAQ listing.
A shareholder call is set for July 15, 2025, at 1 PM ET, featuring key figures such as CEO Kevin Rendino, President Daniel Wolfe, and Mount Logan CEO Ted Goldthorpe. The call will cover preliminary Q2 2025 results and details of the merger, aiming to build momentum and address any inaccuracies presented by opposing shareholders.
With SEC review and approval completed, the merger is progressing through regular regulatory channels. Management remains focused on aligning shareholder approval with the final substantive terms locked in for consideration.
