SuRo Capital NAV surges 76% to $14.24; Board approves externalization with Magnetar

SURO CAPITAL CORP.

Net assets $361.6M ($14.24/share) vs $8.09 at Dec 31, 2025; $6.15/share gain in Q1.
Board approved transition to externally managed structure via Neostellar Advisors LLC (joint venture with Magnetar), subject to stockholder vote.
Magnetar affiliate to invest $20M in SuRo; current management (Klein, Green) to remain.
Top holdings: WHOOP ($150.8M), OpenAI fund ($59.3M), VAST Data ($32.8M), Blink Health ($21.0M), CoreWeave ($15.9M).
Q1 net realized gain $0.9M; unrealized appreciation $158.7M; net investment loss $4.0M.

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