Reminder: A Name and Ticker Change for This Position
In reading the Portfolio’s Forum page, there seems to be some confusion about our position in SuRo Capital ($SSSS). Effective today, the company’s name and ticker symbol have changed to Neostellar ($NSLR), something we discussed when we picked up more SSSS shares for the Portfolio last week.
In that Alert, we noted the following:
One other item we want to call to your attention.
Effective July 1, SuRo Capital will rebrand to Neostellar Capital, and its ticker symbol will change to “NSLR” from “SSSS”. That symbol change may take a few days to work across various data feeds. As we move past that branding, Magnetar Capital, an $18 billion multi-strategy asset manager, is expected to invest $20 million in the company. We see that as a means to either fund new investments or help address the debt due later this year. We expect future dividends to be fueled by portfolio monetization, so we will track that activity closely.
It will likely take a day or two for all the adjustments to take place on the Portfolio holding page.
All of our SSSS shares will become NSLR shares, and our price target and checkpoint will carry over.
While Lime ($LIME) priced its IPO last night in the middle of the target range, the next catalyst for our position in Neostellar shares will likely be the company’s preliminary assessment of its portfolio exiting Q2 2026. If history holds, that should be shared next week.
More Pro Portfolio:
- Adding to Our Microsoft Position on Weakness
- 30 Signals Across the Portfolio’s 10 Themes and Strategies
- Weekly Roundup: What We’re Watching as Markets Get Jiggy
At the time of publication, TheStreet Pro Portfolio was long NSLR (SSSS).
