Record-Breaking Net Asset Value
SuRo Capital reported a net asset value of $9.18 per share, marking a 38% increase from the prior quarter, the largest increase since inception.
CoreWeave Investment Success
CoreWeave's stock price climbed over 200% post-IPO, and SuRo Capital sold approximately 40% of its initial CoreWeave investment, generating $25.3 million in net proceeds and a $15.3 million realized gain.
OpenAI's Landmark Financing
OpenAI closed a $40 billion financing round at a $300 billion post-money valuation. Reports indicate discussions for a secondary sale at a $500 billion valuation, making it the world's most valuable private tech company.
Significant Realized Gains
SuRo Capital fully exited its investment in ServiceTitan for a $6 million realized gain.
Dividend Declaration
A cash dividend of $0.25 per share was declared and paid, with intentions to announce additional distributions throughout the year.
Successful SPAC Merger
Colombier Acquisition Corp. II completed its merger with GrabAGun, further validating SuRo Capital's SPAC sponsor strategy.
New Investments and Growth
New investments included a $5 million investment in Plaid and a follow-on investment in Liquid Death. Plaid's latest financing round reached a $6.1 billion valuation.