Mount Logan Capital and 180 Degree Capital close all-stock merger; begins trading as MLCI on Nasdaq

Mount Logan Capital Inc.

Closing merger value ~US$122.7M implies $9.43 per share; ~13M shares outstanding post-combination.
Mount Logan shareholders own 56.4%; 180 Degree Capital shareholders own 43.6% of combined company.
Ted Goldthorpe appointed CEO; new board of seven directors elected; Kevin Rendino resigned as director.
Company plans initial US$15M tender offer at or above $9.43/share, with additional up to US$25M total over 24 months.
MLCI begins trading on Nasdaq Sept 15; TURN halted and to be delisted.

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