Mount Logan shareholders approve merger with 180 Degree Capital

Mount Logan Capital shareholders have approved the proposed merger with 180 Degree Capital, with 99.90% of votes cast in favor. The merger is expected to create a new entity focused on value investing.

Mount Logan Capital (OTCPK: PYCFF) shareholders have overwhelmingly approved the proposed merger with 180 Degree Capital (NASDAQ: TURN), with 99.90% of the votes cast in favor. This significant milestone paves the way for the creation of a new entity focused on value investing, marking a strategic move for both companies.

The merger, which was approved at a special meeting of shareholders, remains subject to the receipt of a final order from the Ontario Superior Court of Justice, scheduled to be sought on September 2, 2025. If all conditions are met, the business combination is expected to be completed in September 2025. The merger will involve the combination of Mount Logan Capital and 180 Degree Capital under a new publicly traded company to be listed on the Nasdaq Capital Market.

Mount Logan Capital, an alternative asset management and insurance solutions company, is focused on public and private debt securities in the North American market and the reinsurance of annuity products. The company’s wholly-owned subsidiary, Mount Logan Management LLC, provides investment management services to various entities, including privately offered investment funds and non-diversified closed-end management investment companies.

180 Degree Capital, on the other hand, is a company that has been actively involved in the business combination process. Its shareholders approved the necessary resolutions to authorize the completion of the merger at a meeting held on August 22, 2025. The merger will involve the conversion of Mount Logan to a limited liability company existing under and governed by the Delaware Limited Liability Company Act.

The merger is expected to bring together the strengths of both companies, creating a new entity that will focus on value investing. The new company will be led by a team of experienced professionals and will leverage the combined resources and expertise of Mount Logan Capital and 180 Degree Capital.

The merger is subject to customary closing conditions, including the receipt of a final order from the Ontario Superior Court of Justice. If all conditions are satisfied, the merger is expected to be completed in September 2025.

For further information regarding the merger, investors can refer to the joint proxy statement/prospectus, which is available under the Company’s profile on SEDAR+ (www.sedarplus.ca).

References:
[1] https://seekingalpha.com/news/4490547-mount-logan-shareholders-approve-merger-with-180-degree-capital
[2] https://finance.yahoo.com/news/mount-logan-capital-inc-shareholders-174200319.html