SURO CAPITAL CORP.

SuRo Capital Corp. announced that it will change its corporate name to Neostellar Capital Corp., effective July 1, 2026. Concurrently, the company's common stock trading symbol on the Nasdaq Global Select Market will change from "SSSS" to "NSLR", and its 6.00% Notes due 2026 will change from "SSSSL" to "NSLRL". The Board of Directors approved the name change and related amendments to the Articles of Incorporation and Bylaws, which will also become effective on July 1, 2026.

SURO CAPITAL CORP. reported a substantial increase in its net assets and Net Asset Value (NAV) per share for the first quarter ended March 31, 2026. The company's net assets resulting from operations surged to $155.6 million, primarily driven by a significant net change in unrealized appreciation of investments. This performance led to a 76% quarter-over-quarter increase in NAV per share.

SuRo Capital Corp. reported strong financial results for the first quarter ended March 31, 2026, with Net Asset Value (NAV) increasing by an unprecedented 76% quarter-over-quarter to $14.24 per share. The company's Board also approved a significant strategic step: a proposed transition to an externally managed structure through Neostellar Advisors LLC, a joint venture with Magnetar, subject to stockholder approval. This move is expected to enhance investment sourcing and due diligence capabilities, with Magnetar making a $20 million investment in the company.

SuRo Capital Corp. announced its first quarter 2026 financial results, reporting a significant increase in Net Asset Value (NAV) to $14.24 per share as of March 31, 2026, up 76% from the previous quarter. The company's Board of Directors also approved a proposal to transition to an externally managed structure through Neostellar Advisors LLC, a new investment adviser jointly owned by SuRo Capital's team and Magnetar Holdings LLC, subject to stockholder approval. This strategic move aims to enhance investment sourcing, preserve realized gains, and achieve annual expense savings, with Magnetar committing a $20 million investment.

SuRo Capital Corp. (SSSS) is proposing a significant corporate governance change, transitioning from an internally managed Business Development Company (BDC) to an externally managed structure. This involves stockholders approving an Investment Advisory Agreement with Neostellar Advisors LLC, an entity jointly owned by current SSSS employees and Magnetar Holdings LLC. The Board unanimously recommends approval, citing benefits such as greater scale, resources, and enhanced investment opportunities through Magnetar's platform. Additionally, a Magnetar affiliate has committed to a $20,000,000 investment in SSSS, contingent on the externalization.

SURO CAPITAL CORP. announced its Board unanimously approved a transition to an externally managed BDC structure, effective July 1, 2026, subject to stockholder approval of the advisory agreement. The company will enter into an investment advisory agreement with Neostellar Advisors LLC and receive a $20,000,000 investment from an affiliate. Following the externalization, the company plans to change its name to Neostellar Capital Corp. and will implement significant executive compensation changes, including full vesting of restricted shares, new restricted share grants, and cash bonuses for Mr. Klein and Ms. Green. The 2026 Annual Meeting of Stockholders will be held on June 10, 2026, to address director re-election, an advisory vote on executive compensation, and auditor ratification.

SuRo Capital Corp. announced it will release its financial results for the first quarter ended March 31, 2026, after the U.S. market closes on Tuesday, May 5, 2026. Following the release, management will host a conference call and webcast for investors at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Details for accessing the call and webcast, including replay information, were provided.

SuRo Capital Corp. released preliminary estimates for the first quarter ended March 31, 2026, including a net asset value (NAV) estimate between $14.00 and $14.50 per share. The company also disclosed holding positions in 36 portfolio companies and a $5.0 million investment in Magnetar Opportunity 2025-4 LP, a special purpose vehicle invested in TensorWave, Inc.