Mount Logan Capital and 180 Degree Capital Merger Gets Shareholder Approval

Mount Logan Capital and 180 Degree Capital have received shareholder approval for their merger, creating a new publicly traded company on the Nasdaq Capital Market. The merger is expected to complete in September 2025, pending customary closing conditions. The approval reflects strong support for the merger, which is anticipated to enhance Mount Logan's market positioning and operational capabilities.

Mount Logan Capital Inc. (OTCPK: PYCFF) and 180 Degree Capital Corp. (NASDAQ: TURN) have received strong shareholder approval for their proposed business combination, setting the stage for a new publicly traded entity on the Nasdaq Capital Market. The approval comes after a special meeting of shareholders, where a total of 99.90% of the votes cast were in favor of the merger [1].

The merger, which is expected to be completed in September 2025, is subject to customary closing conditions, including the receipt of a final order from the Ontario Superior Court of Justice [1]. This order is scheduled to be sought on September 2, 2025. The merger involves the creation of a new company that will combine the assets and operations of both Mount Logan Capital and 180 Degree Capital.

At the special meeting of shareholders, Mount Logan Capital shareholders approved all necessary resolutions to complete the business combination. The resolutions included an Arrangement Resolution, a Merger Resolution, and a 2025 Omnibus Plan Resolution [2]. The Arrangement Resolution, which required at least 66 2/3% of the votes cast, was overwhelmingly approved with 99.90% of the votes in favor. Similarly, the Merger Resolution, which required a Merger Majority Vote and a Merger Minority Vote, received 99.90% support. The 2025 Omnibus Plan Resolution, which required a majority of the votes cast, was approved by 95.03% of the shareholders [2].

The merger is anticipated to enhance Mount Logan's market positioning and operational capabilities. Mount Logan Capital is an alternative asset management and insurance solutions company focused on public and private debt securities and reinsurance of annuity products. 180 Degree Capital, on the other hand, is known for its expertise in debt securities and credit-oriented instruments. The combined entity is expected to leverage the strengths of both companies to offer more comprehensive investment solutions.

The merger also involves the resignation of Matthias Ederer as a Co-President of Mount Logan effective August 31, 2025. His responsibilities will be transitioned to other members of the existing executive management team [2].

The completion of this merger is a significant milestone for both companies and their shareholders. It reflects strong support for the proposed business combination and sets the stage for further growth and expansion in the alternative asset management and insurance sectors.

References:
[1] https://seekingalpha.com/news/4490547-mount-logan-shareholders-approve-merger-with-180-degree-capital
[2] https://www.globenewswire.com/news-release/2025/08/29/3141736/0/en/Mount-Logan-Capital-Inc-Shareholders-Approve-Previously-Announced-Business-Combination-with-180-Degree-Capital-Corp.html