secwatch.observer — SEC 8-K summary
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Issuer:     SURO CAPITAL CORP. (SSSS)
CIK:        0001509470
Form:       8-K
Filed at:   2026-04-07T23:59:59+00:00
Accession:  0001493152-26-015439
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SuRo Capital proposes externalization with Magnetar; Q1 NAV est. $14.00-$14.50
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- Q1 2026 estimated NAV per share $14.00-$14.50; liquid assets ~$46M as of March 31, 2026.
- Board proposes externalization via joint venture with Magnetar (AUM ~$17.8B); stockholder vote required.
- Externalization expected to yield annual cost savings of 0.77% of avg total assets; no incentive fee on existing portfolio.
- Magnetar to invest $20M in SuRo Capital; management (Klein, Green) to continue under new adviser.
- If approved, name to change to Neostellar Capital Corp.; conditional restricted shares and cash bonuses for executives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509470/000149315226015439/0001493152-26-015439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509470/000149315226015439/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-015439

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