180 Degree Capital, Mount Logan Capital provide update on proposed combination

180 Degree Capital (TURN) and Mount Logan Capital (PYCFF) provided an update to shareholders showing strong support in favor of the proposed business combination between 180 Degree Capital and Mount Logan, with over 57% of the outstanding shares of 180 Degree Capital having been voted in favor of the proposed Business Combination as of August 14, 2025, and with shareholders of Mount Logan having submitted proxies representing votes in excess of the required thresholds to approve the resolutions that are necessary to implement the proposed Business Combination. 180 Degree Capital continues to engage in active dialogue and outreach with 180 Degree Capital shareholders in connection with the proposed Business Combination. Based on these conversations, 180 Degree Capital and Mount Logan continue to believe support will be received from the required threshold of votes from 180 Degree Capital shareholders to consummate the proposed Business Combination. “We are encouraged by the strong level of support we have received from our shareholders,” said Kevin Rendino, CEO. “We continue to work collaboratively with Mount Logan and our investors to ensure the combined company launches with the right structure and governance to support value realization.”