Logan Ridge completes merger into Portman Ridge; shareholders receive 1.5x PTMN shares

Logan Ridge Finance Corp.

Merger closed on July 15, 2025; Logan Ridge stockholders received 1.5 shares of PTMN per share.
PTMN issued ~4.0 million shares to former Logan Ridge stockholders.
Company notified NASDAQ of delisting; trading halted after-hours July 14, effective suspension July 16.
All officers and directors of Logan Ridge ceased; replaced by Portman Ridge Merger Sub designees.
Special distribution of $0.38/share payable July 22, plus pre-closing cash payment of $0.47/share financed by adviser.

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