SuRo Capital Corp. Will Commence a Modified Dutch Auction Tender Offer to Repurchase up to 2 Million Shares of its Common Stock
Accordingly, on February 14, 2024, our Board of Directors authorized a modified Dutch Auction Tender Offer to purchase up to 2 million shares of our common stock at a price per share between $4.00 and $5.00.
- Accordingly, on February 14, 2024, our Board of Directors authorized a modified Dutch Auction Tender Offer to purchase up to 2 million shares of our common stock at a price per share between $4.00 and $5.00.
- The Tender Offer will commence on February 20, 2024 and will expire at 5:00 P.M., Eastern Time, on April 1, 2024, unless extended.
- If the Tender Offer is fully subscribed, the Company will purchase 2,000,000 shares, or approximately 7.9%, of the Company’s outstanding shares of its common stock.
- The Tender Offer is, however, subject to other conditions, which will be disclosed in the Tender Offer documents.