Current Report Filing (8-k)
February 19 2021 - 5:08PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or
15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 19, 2021
SURO CAPITAL
CORP.
(Exact name of registrant as specified in
its charter)
Maryland
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1-35156
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27-4443543
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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One Sansome Street
Suite 730
San Francisco, CA 94104
(Address of principal executive offices
and zip code)
Registrant’s telephone number, including
area code: (650) 235-4769
Check the appropriate box below if the Form 8-K is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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¨
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Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b)
of the Act:
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Title of each class:
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Trading symbol:
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Name of each exchange on which registered:
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Common Stock, par value $0.01 per share
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SSSS
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Nasdaq Capital Market
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
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. ¨
Item 8.01 Other Events
On February 19, 2021, SuRo Capital Corp.
(the “Company”) caused notices to be issued to the holders of its 4.75% Convertible Senior Notes due
2021 (CUSIP No. 36191JAC5) (the “Notes”) regarding the Company’s exercise of its option to redeem,
in whole, the issued and outstanding Notes, pursuant to the Indenture, dated as of March 28, 2018, between the Company and U.S.
Bank National Association, as trustee, and Section 15.02 of the First Supplemental Indenture, dated as of March 28, 2018. The Company
will redeem $38,215,000 in aggregate principal amount of the issued and outstanding Notes on March 29, 2021 (the “Redemption
Date”). The Notes will be redeemed at 100% of their principal amount ($1,000 per Note), plus the accrued and unpaid
interest thereon from September 30, 2020, through, but excluding, the Redemption Date.
Holders of the Notes may surrender their
Notes for conversion into shares of the Company’s common stock in lieu of receiving cash at any time prior to the close of
business on the business day immediate preceding the Redemption Date. As of the date of this notice, the conversion rate for
the Notes is 108.0505 shares of the Company’s common stock for each $1,000 principal
amount of the Notes, which represents a current conversion price of approximately $9.25
per share.
A copy of the notice of redemption is attached
to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01
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Financial Statements and Exhibits.
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SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: February 19, 2021
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SURO CAPITAL CORP.
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By:
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/s/ Allison Green
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Allison Green
Chief Financial Officer, Chief Compliance Officer, Treasurer and Corporate Secretary
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