SuRo Capital estimates net asset value $7.35-$7.85 per share as of March 31

"The challenging task of predicting the path of the economy, inflation, and changes in Federal Reserve policy, combined with the recent stress in the banking sector, have led to continued volatility and confusion in the public equity markets. With over $124.0 million of investable capital, we remain poised to continue investing in both primary and secondary opportunities for later-stage, high-growth companies at what we believe will be compelling valuations," said Mark Klein, Chairman and CEO of SuRo Capital. "As we have consistently demonstrated, SuRo Capital is committed to initiatives that enhance shareholder value, and we believe the market is currently undervaluing our portfolio. Accordingly, on March 17, 2023, our Board of Directors authorized a modified ‘Dutch Auction’ Tender Offer to purchase up to 3 million shares of our common stock at a price per share between $3.00 and $4.50. Given our stock is trading at a significant discount to net asset value, coupled with the extreme market volatility, we believe the modified ‘Dutch Auction’ Tender Offer to be an efficient and accretive deployment of capital. Based on information presently available, for the quarter ended March 31, 2023, we anticipate SuRo Capital’s net asset value to be approximately $7.35 to $7.85 per share."