SURO CAPITAL CORP. (SSSSL) — Current Report

Key Insights

• SuRo Capital is transitioning from an internally managed business development company (BDC) to an externally managed structure, with Neostellar Advisors LLC (a joint venture between current SuRo employees and Magnetar Holdings LLC) becoming the new investment adviser.
• SuRo Capital's net asset value is estimated to be between $14.00 and $14.50 per share as of March 31, 2026, with the company holding positions in 36 portfolio companies, including both private and public investments.
• During Q1 2026, SuRo Capital made a $5.0 million investment in Magnetar Opportunity 2025-4 LP, a special purpose vehicle invested in TensorWave, Inc., and sold $1.4 million of shares in GrabAGun Digital Holdings Inc., realizing a gain of $0.9 million.