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Mount Logan Capital Inc. and 180 Degree Capital Corp. Announce Closing of Strategic Business Combination
Mount Logan Capital Inc. (“Mount Logan”) (Cboe Canada: MLC) and 180 Degree Capital Corp. (“180 Degree Capital”) (NASDAQ: TURN) have successfully closed their all-stock strategic business combination (the “Business Combination”) that was previously approved by shareholders of each company. The combined entity is operating under the name Mount Logan Capital Inc. (“New Mount Logan”), a Delaware corporation, which began trading on the Nasdaq Capital Market on September 15, 2025 under the symbol “MLCI”. Pursuant to the terms of the Business Combination, Mount Logan and 180 Degree Capital shareholders received a 56.4% and 43.6% ownership in New Mount Logan, respectively, representing a closing merger value of approximately US$122.7 million.
Wildeboer Dellelce acted for Mount Logan with a team that included Perry Dellelce, Sanjeev Patel, Rebecca Cochrane, Sarah Wahba, Neel Patel, Jason Kim, Malindu Danthanarayana and Kayla Barzakay (corporate/securities/mergers and acquisitions) and Mariam Al-Shikarchy and Marija Tasevska (tax).
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