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SuRo Capital (NASDAQ:SSSS) estimated its net asset value per share to be $6.70-$7.20 at June 30, 2024, representing -6.6% to +0.4% from $7.17 at March 31, 2024, the company said on Thursday.
“We remain incredibly enthusiastic about both our investment pipeline and our current portfolio as the IPO market strengthens and new opportunities at compelling valuations continue to come to light,” said SuRo Capital Chairman and CEO Mark Klein.
During Q2, he noted, SuRo (SSSS) completed a $10.0M investment design software and collaboration platform Canva, Inc., and a $15M investment in AI cloud computing provider CoreWeave.
As of June 30, 2024, the firm held positions in 39 portfolio companies – 35 privately held and 4 publicly held, some of which may be subject to certain lock-up provisions. SSSS’s liquid assets totaled about $57.6M, consisting of cash and securities of publicly traded portfolio companies not subject to lock-up restrictions at the end of the quarter.
There were 23,378,002 common SSSS shares outstanding at June 30, 2024.