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SURO CAPITAL CORP

For the period ended Sep 30, 2024. Filed Nov 8, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 8, 2024

NSLR$5.76+2.9%Stored close · as of Nov 6, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED September 30,2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

COMMISSION FILE NUMBER:814-00852

SuRo Capital Corp.

(Exact name of registrant as specified in its charter)

Maryland27-4443543
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
640 Fifth Avenue, 12th Floor, New York, NY10019
(Address of principal executive offices)(Zip Code)

(212) 931-6331

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, par value $0.01 per shareSSSSNasdaq Global Select Market
6.00% Notes due 2026SSSSLNasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES ☒ NO ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YES ☒ NO ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐
Non-accelerated filer ☒Smaller reporting company ☐
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No☒

The issuer had 23,378,002 shares of common stock, $0.01 par value per share, outstanding as of November 7, 2024.

SURO CAPITAL CORP.

TABLE OF CONTENTS

PAGE
PART I. FINANCIAL INFORMATION
Item 1.Financial Statements2
Condensed Consolidated Statements of Assets and Liabilities as of September 30, 2024 (Unaudited) and December 31, 20232
Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited)3
Condensed Consolidated Statements of Changes in Net Assets for the Nine Months Ended September 30, 2024 and 2023 (Unaudited)4
Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (Unaudited)5
Condensed Consolidated Schedule of Investments as of September 30, 2024 (Unaudited)6
Condensed Consolidated Schedule of Investments as of December 31, 202310
Notes to Condensed Consolidated Financial Statements as of September 30, 2024 (Unaudited)14
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations47
Item 3.Quantitative and Qualitative Disclosures About Market Risk60
Item 4.Controls and Procedures60
PART II. OTHER INFORMATION
Item 1.Legal Proceedings61
Item 1A.Risk Factors61
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds61
Item 3.Defaults Upon Senior Securities62
Item 4.Mine Safety Disclosures62
Item 5.Other Information62
Item 6.Exhibits63
Signatures64
ContentsView on SEC.gov

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