other material
confidence high
sentiment negative
materiality 0.75
SuRo Capital estimates Q4 2024 NAV $6.50-$7.00; exits Oklo with $4.8M gain
SURO CAPITAL CORP.
- NAV per share estimated $6.50-$7.00 vs $6.73 at Sep 30, 2024 and $7.99 at Dec 31, 2023.
- Q4 new investments: $5M in CoreWeave (additional) and $12M in VAST Data via IH10 LLC.
- Full exit of Oklo, $5.1M proceeds and $4.8M realized gain; over 20x return on initial investment.
- Issued $5M additional 6.50% convertible notes due 2029 on Jan 16, 2025; total now $35M outstanding.
- Note repurchase program exhausted at $35.3M; share repurchase program extended with $4.3M increase.