SURO CAPITAL CORP.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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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.
Jun 30, 2025 · Filed Aug 7, 2025
NSLR$5.76+2.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Assets and Liabilities as of June 30, 2025 (Unaudited) and December 31, 2024
CONDENSED CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| (UNAUDITED) | (AUDITED) | |
| ASSETS | ||
| Investments at fair value: | ||
| Non-controlled/non-affiliate investments (cost of $221,292,617 and $234,601,314, respectively) | $215,044,675 | $198,511,915 |
| Non-controlled/affiliate investments (cost of $20,605,400 and $20,605,400, respectively) | 8,456,422 | 9,268,827 |
| Controlled investments (cost of $1,602,940 and $1,602,940, respectively) | 20,297,450 | 1,600,000 |
| Total Investments (cost of $243,500,957 and $256,809,654, respectively) | 243,798,547 | 209,380,742 |
| Cash | 49,852,801 | 20,035,640 |
| Restricted cash | 38,741 | — |
| Escrow proceeds receivable | — | 45,298 |
| Interest and dividends receivable | 104,098 | 756,022 |
| Deferred financing costs | 555,688 | 526,261 |
| Prepaid expenses and other assets(1) | 703,349 | 855,630 |
| Total Assets | 295,053,224 | 231,599,593 |
| LIABILITIES | ||
| 6.00% Notes due December 30, 2026(2) | 39,354,847 | 44,198,838 |
| 6.50% Convertible Notes due August 14, 2029(3) | 34,010,638 | 29,051,408 |
| Accounts payable and accrued expenses(1) | 2,278,144 | 768,394 |
| Dividends payable | — | 8,867 |
| Total Liabilities | 75,643,629 | 74,027,507 |
| Commitments and contingencies (Notes 7 and 10) | ||
| Net Assets | $219,409,595 | $157,572,086 |
| NET ASSETS | ||
| Common stock, par value $0.01 per share (100,000,000 authorized; 23,888,107 and 23,601,566 issued and outstanding, respectively) | $238,881 | $236,016 |
| Paid-in capital in excess of par | 226,892,721 | 226,579,432 |
| Accumulated net investment loss | (11,686,121) | (4,302,192) |
| Accumulated net realized gain/(loss) on investments, net of distributions | 3,769,690 | (17,409,097) |
| Accumulated net unrealized appreciation/(depreciation) of investments | 194,424 | (47,532,073) |
| Net Assets | $219,409,595 | $157,572,086 |
| Net Asset Value Per Share | $9.18 | $6.68 |
| (1) | This balance includes a right of use asset and corresponding operating lease liability, respectively. Refer to “Note 7—Commitments and Contingencies—Operating Leases and Related Deposits” for more detail. |
| (2) | As of June 30, 2025, the 6.00% Notes due December 30, 2026 (the “6.00% Notes due 2026”) (effective interest rate of 6.52%) had a face value $39,667,650. As of December 31, 2024, the 6.00% Notes due 2026 (effective interest rate of 6.48%) had a face value $44,667,400. Refer to “Note 10—Debt Capital Activities” for a reconciliation of the carrying value to the face value. |
| (3) | As of June 30, 2025, the 6.50% Convertible Notes due August 14, 2029 (the “6.50% Convertible Notes due 2029”) (effective interest rate of 7.17%) had a face value $35,000,000. As of December 31, 2024, the 6.50% Convertible Notes due 2029 (effective interest rate of 7.06%) had a face value $30,000,000. Refer to “Note 10—Debt Capital Activities” for a reconciliation of the carrying value to the face value. |
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