Form 4: Former Director Disposes Shares in 180 Degree Capital Merger
Merger-Related Share Disposition
Parker Anders Weil, a former director of 180 Degree Capital Corp., reported the disposition of 11,033 common shares due to an all-stock merger with Mount Logan Capital Inc.
Summary
- Reporting Person Parker Anders Weil, a former director of 180 Degree Capital Corp. (TURN), reported a change in beneficial ownership.
- On September 12, 2025, 11,033 shares of 180 Degree Capital Corp. Common Stock were disposed of.
- This disposition was in conjunction with an all-stock merger between 180 Degree Capital Corp. and Mount Logan Capital Inc. (the "Merger").
- Shares of 180 Degree Capital Corp. were exchanged for shares of the surviving company, "New Mount Logan," at a ratio of 0.56666201 shares of 180 Degree Capital for one share of New Mount Logan common stock.
- No actual sales of shares by the reporting person occurred; the transaction was an exchange as part of the merger.
- Upon the consummation of the Merger, Parker Anders Weil ceased to be a Director of 180 Degree Capital.
Sentiment
Score: 5
Explanation: The filing is a factual report of a share disposition due to a merger, providing no explicit positive or negative sentiment regarding company performance or outlook.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction beyond the consummation of the merger.
Industry Context
This filing reflects a consolidation event within the investment or financial services sector, where 180 Degree Capital Corp. merged with Mount Logan Capital Inc. Such mergers typically aim to achieve synergies, expand market reach, or streamline operations, leading to the formation of a new combined entity.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Parker Anders Weil | N/A | Upon consummation of the Merger | Cessation of directorship of 180 Degree Capital Corp. following its merger with Mount Logan Capital Inc. |
Stakeholder Impact
- Shareholders of 180 Degree Capital Corp. had their shares exchanged for shares of New Mount Logan as part of the all-stock merger.
- The reporting person, a former director, experienced a change in beneficial ownership and ceased their directorship with 180 Degree Capital Corp. due to the merger.
Key Dates
| Date | Description |
|---|---|
| 09/12/2025 | Date of earliest transaction, involving the disposition of shares due to the merger. |
| 09/16/2025 | Date the Form 4 filing was signed. |
Keywords
180 Degree Capital Corp., TURN, Mount Logan Capital Inc., merger, stock exchange, Form 4, insider transaction, director, beneficial ownership
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