’Reddit is built for this moment’ - Stock soars on crushed earnings
MONTCLAIR, NJ—Robert E. Bigelow III, Vice President and Head of Fund Development at 180 Degree Capital Corp. (NASDAQ:TURN), has acquired additional shares of the company’s common stock. The micro-cap investment firm, currently valued at $39.5 million, has seen its stock rise 7.63% year-to-date, despite showing negative earnings in the last twelve months according to InvestingPro data. According to a recent SEC filing, Bigelow purchased a total of 2,000 shares on June 10, 2025, at prices ranging from $3.96 to $3.98 per share. The total value of these transactions amounts to $7,957. Following these acquisitions, Bigelow’s direct ownership in the company stands at 133,005 shares. InvestingPro analysis shows the company maintains a FAIR financial health score, with additional insights available in the comprehensive Pro Research Report, which offers detailed analysis of this and 1,400+ other US stocks.
In other recent news, 180 Degree Capital Corp. has announced progress on its proposed all-stock merger with Mount Logan Capital Inc. The companies are currently navigating the regulatory review process with the U.S. Securities and Exchange Commission (SEC). As part of this process, 180 Degree Capital filed an amended preliminary proxy statement with audited financial statements for Mount Logan, converted to comply with U.S. GAAP. Concurrently, Yukon Parent (New Mount Logan) filed an amended registration statement on Form S-4 to register the issuance of shares to both 180 Degree and Mount Logan shareholders. The merger aims to create a new entity, Mount Logan Capital Inc., with shares proportionate to 180 Degree Capital’s net asset value at closing, based on Mount Logan’s valuation of approximately $67.4 million. The merger is subject to shareholder approval and regulatory clearances, with a special shareholder meeting planned for the third quarter of 2025. Approximately 14% of non-insider shareholders have shown support for the merger through voting agreements or non-binding indications. The merger has been reviewed by a Special Committee of the Board of Directors, with executives expressing confidence in its potential to create value for shareholders.
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