Mount Logan Capital, 180 Degree Capital Complete $123M Merger NASDAQ

Mount Logan Capital Inc. and 180 Degree Capital Corp. have completed their all-stock strategic business combination, creating a new entity named Mount Logan Capital Inc. that will trade on NASDAQ under the ticker symbol 'MLCI'. This merger, valued at approximately $122.7 million, aims to enhance growth potential and shareholder value by leveraging increased liquidity and access to U.S. capital markets. Following the merger, Mount Logan is now a wholly-owned subsidiary of the newly formed Mount Logan Capital Inc., which will have approximately 13 million shares outstanding, with ownership split between former Mount Logan and 180 Degree Capital shareholders. Marlton Partners, a significant shareholder in 180 Degree Capital, expressed strong support for the revised terms of the transaction, emphasizing the delivery of a premium over net asset value and the introduction of a 60-day tender offer to provide liquidity to shareholders. The merger is seen as a significant milestone in building a diversified platform focused on alternative asset management and insurance solutions, with expectations to generate recurring earnings and greater value for shareholders. Trading of Mount Logan shares on Cboe Canada was halted prior to the merger, with NASDAQ trading set to begin on September 15, 2025.