Mount Logan Capital Inc. announced revised terms for a business combination with 180 Degree Capital Corp., forming New Mount Logan to be listed on Nasdaq. Shareholders have until August 21, 2025, to submit proxies for the August 22 meeting. The deal values 180 Degree Capital at 110% of its net asset value. New Mount Logan plans a tender offer for $15.0 million of its stock post-merger, with additional offers expected. Mount Logan is an alternative asset management and insurance solutions company focused on public and private debt securities. The company advises investment funds and reinsures annuity products.
Read more at GlobeNewswire: Mount Logan Capital Inc. Announces Filing of Supplement to
