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MONTCLAIR, NJ—Robert E. Bigelow III, Vice President and Head of Fund Development at 180 Degree Capital Corp. (NASDAQ:TURN), recently acquired 2,500 shares of the company’s common stock. The purchase, made on May 12, 2025, was executed at a price of $4.13 per share, totaling $10,325. The micro-cap company, currently valued at $40.6 million, has shown strong momentum with a 24% return over the past six months and a 10.6% gain year-to-date, according to InvestingPro data.
Following this transaction, Bigelow’s direct ownership in the company increased to 125,005 shares. For investors seeking deeper insights, InvestingPro offers exclusive analysis and additional tips about TURN’s valuation and profitability metrics. This move reflects his continued investment in the company, which is headquartered in Montclair, New Jersey.
In other recent news, 180 Degree Capital Corp. has announced a proposed all-stock merger with Mount Logan Capital Inc. This merger would lead to the creation of a new entity, Mount Logan Capital Inc., to be listed on Nasdaq. Under the terms of the transaction, shareholders of 180 Degree Capital will receive shares of the new company based on 180 Degree Capital’s net asset value at closing. The valuation of Mount Logan at the time of signing is approximately $67.4 million, with potential adjustments before the merger’s completion. The merger is subject to shareholder approval and regulatory clearances, and shareholders are advised to review forthcoming proxy materials for more information. A blackout period for management trading of 180 Degree Capital shares has been noted, with expectations for a trading window to open after updated financial statements are filed. The merger is expected to create value for shareholders, according to company executives. This development follows a robust review process by the Special Committee of the Board of Directors of 180 Degree Capital.
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