secwatch.observer — SEC 8-K summary
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Issuer:     SURO CAPITAL CORP. (SSSS)
CIK:        0001509470
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001104659-24-086752
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SuRo Capital Q2 NAV falls to $6.94; announces $75M convertible notes, $35M note buyback
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- Net asset value per share $6.94 at June 30, 2024, down from $7.17 at March 31, 2024 and $7.35 a year ago.
- Net investment loss of $3.7M ($0.16/share); net decrease in net assets from operations of $10.7M ($0.45/share).
- Entered Note Purchase Agreement for up to $75M of 6.50% Convertible Notes due 2029; initial $25M issuance expected Aug 14, 2024.
- Board approved repurchase of up to $35M (46.67%) of its 6.00% Notes due 2026; no repurchases yet as of Aug 7.
- Top five portfolio holdings (Learneo, Blink Health, CW Opportunity 2, ServiceTitan, Locus Robotics) represent 48.8% of fair value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509470/000110465924086752/0001104659-24-086752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509470/000110465924086752/tm2421094d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-086752

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