07:57 AM EDT, 08/18/2025 (MT Newswires) -- 180 Degree Capital ( TURN ) and Mount Logan Capital said Monday that their boards of directors have revised their merger agreement to provide 180 Degree shareholders a higher number of shares of the merged company.

The companies said 180 Degree Capital ( TURN ) shareholders will now receive shares of the combined entity, New Mount Logan, based on 110% of 180 Degree Capital's ( TURN ) net asset value at closing, an increase from the prior 100%.

New Mount Logan also commits to provide $25 million for shareholder liquidity, with $15 million expected to be launched within 60 days from closing and the remaining $10 million staged over 24 months, according to a joint statement.