Mount Logan Capital Acquires Mount Logan Management in All-Stock Business Combination

Mount Logan Capital Inc. has filed an early warning report following the completion of an all-stock strategic business combination with 180 Degree Capital Corp. New Mount Logan, formerly Yukon New Parent, Inc., acquired all of Mount Logan's issued and outstanding units, resulting in Mount Logan becoming a wholly-owned subsidiary. An early warning report will be filed under Mount Logan's profile on SEDAR+.

Mount Logan Capital Inc. (formerly Yukon New Parent, Inc., "New Mount Logan") has filed an early warning report following the completion of an all-stock strategic business combination with 180 Degree Capital Corp. The merger, which closed today, has resulted in New Mount Logan acquiring all of Mount Logan's issued and outstanding units, making Mount Logan a wholly-owned subsidiary. The combined entity will operate under the name Mount Logan Capital Inc. and is expected to begin trading on The Nasdaq Capital Market on Monday, September 15, 2025, under the ticker symbol "MLCI" Mount Logan Capital Inc. and 180 Degree Capital Corp. Close Strategic Business Combination^[2].

The closing of the Business Combination, previously approved by shareholders of each company on August 29, 2025, and August 22, 2025, respectively, was valued at approximately US$122.7 million. This equates to a price per share of MLCI of US$9.43 Mount Logan Capital Inc. and 180 Degree Capital Corp. Close Strategic Business Combination^[2]. The combined company will have approximately 13 million shares of New Mount Logan common stock outstanding following the closing.

Mount Logan Capital Inc. is an alternative asset management and insurance solutions company focused on public and private debt securities in the North American market and the reinsurance of annuity products. The company's primary business involves the sourcing, evaluation, underwriting, management, monitoring, and investment in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and low risk of principal impairment through the credit cycle Early Warning Report of Mount Logan Capital Inc. (formerly Yukon New Parent, Inc.) in connection with the Closing of the Strategic Business Combination^[1].

An early warning report will be filed by New Mount Logan in accordance with applicable securities laws and will be available under Mount Logan’s profile on SEDAR+ at www.sedarplus.ca Early Warning Report of Mount Logan Capital Inc. (formerly Yukon New Parent, Inc.) in connection with the Closing of the Strategic Business Combination^[1]. For additional details regarding the closing of the Business Combination, please see the press release issued by Mount Logan earlier today, which is available for review under Mount Logan’s SEDAR+ profile.