SURO CAPITAL CORP. 8-K

What Happened

• SuRo Capital Corp. (SSSS) filed an 8‑K on January 12, 2026 (Item 2.02 and Item 8.01) reporting preliminary, unaudited estimates for the fourth quarter and fiscal year ended December 31, 2025, and providing an investment portfolio update. The company says it will announce audited results in the week of March 9, 2026.
• As of December 31, 2025, SuRo held positions in 35 portfolio companies (32 private, 3 public). During Q4 2025 the company realized proceeds from several investments and recorded gains and losses; subsequent to year‑end it funded $5.0 million of a previously announced up-to-$20.0 million commitment to Magnetar Opportunity 2025‑4 LP (a vehicle invested in TensorWave, Inc.).

Key Details

• Portfolio size: 35 companies (32 privately held, 3 publicly held) as of 12/31/2025.
• Notable Q4 transactions and results: CW Opportunity 2 LP proceeds $9.0M with $6.7M realized gain (SuRo retains ~68.1% of that position); Forge Global, Inc. sales (completed 11/6/2025) netted $3.1M with a $1.1M gain; Rebric (Compliable) recorded a $1.0M loss; True Global Ventures 4 Plus proceeds $0.1M.
• Post‑year funding: $5.0M funded to Magnetar Opportunity 2025‑4 LP as of 1/2/2026; total commitment up to $20.0M with up to $15.0M remaining subject to conditions.
• Dividends paid in 2025: $0.25 per share declared 7/3/2025 and paid 7/31/2025; $0.25 per share declared 11/3/2025 and paid 12/5/2025 (both cash).

Why It Matters

• These preliminary figures and portfolio moves give investors early visibility into realized gains/losses and liquidity activity ahead of the company’s audited Q4/FY2025 results. Material proceeds (e.g., $9.0M from CW Opportunity 2 LP and $3.1M from Forge) and the $5.0M follow‑on investment affect SuRo’s cash position and exposure to specific positions (notably retention of a majority of CW Opportunity 2 LP).
• The company’s guidance that results are unaudited and will be finalized in March is important: actual, audited results could differ materially. Investors should watch the March earnings release for final revenue/earnings figures and for any updates on the remaining Magnetar commitment or other portfolio realizations.