secwatch.observer — SEC 8-K summary
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Issuer:     SURO CAPITAL CORP. (SSSS)
CIK:        0001509470
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001104659-24-115394
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SuRo Capital Q3 2024 NAV $6.73; invests $17.5M in OpenAI, extends share buyback
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- NAV per share $6.73 at Sept 30, 2024, vs $6.94 at June 30 and $8.41 at Sept 30, 2023.
- Net investment loss $(3.2)M; net realized loss $(13.7)M; net decrease from operations $(5.5)M.
- Invested $17.5M in OpenAI (via ARK Type One) and $5.0M in CoreWeave in Q3; post-quarter $12.0M in VAST and $5.0M more CoreWeave.
- Issued $5.0M additional 6.50% Convertible Notes due 2029 in Oct, total now $30.0M outstanding.
- Board extended share repurchase to $64.3M total (approx $25M remaining); note repurchase program up to $35M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509470/000110465924115394/0001104659-24-115394-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509470/000110465924115394/tm2427842d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115394

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer