Form 4: Former Director Disposes Shares in 180 Degree Capital Merger

Richard P Shanley, a former director of 180 Degree Capital Corp., disposed of 30,575 shares as part of the all-stock merger with Mount Logan Capital Inc.

Summary

• Richard P Shanley, a former director of 180 Degree Capital Corp. (TURN), reported a disposition of 30,575 shares of common stock.
• This transaction occurred on September 12, 2025, in conjunction with an all-stock merger between 180 Degree Capital Corp. and Mount Logan Capital Inc.
• 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 took place; the disposition was an exchange as part of the merger.
• Upon the consummation of the merger, Mr. Shanley ceased to be a Director of 180 Degree Capital Corp.

Sentiment

Score: 5

Explanation: Neutral, as the filing reports a mandatory transaction (share exchange due to merger) rather than a discretionary sale or acquisition, and does not provide performance metrics.

Management Changes

Stakeholder Impact

• Shareholders of 180 Degree Capital Corp. had their shares exchanged for shares of New Mount Logan as part of the merger.
• Richard P Shanley, as a former director, ceased his role with 180 Degree Capital Corp. following the merger.

Key Dates

Keywords

180 Degree Capital Corp., TURN, Mount Logan Capital Inc., merger, stock exchange, insider transaction, Form 4, Richard P Shanley