180 Degree Capital (TURN) Provide Updates Regarding its Merger With Mount Logan Capital

180 Degree Capital Corp. (NASDAQ:TURN) is one of the Best Penny Asset Management Stocks to Buy Now. On August 15, 180 Degree Capital Corp. (NASDAQ:TURN) released an update regarding the planned business combination with Mount Logan Capital.

Management announced that as of August 14, 2025, more than 57% of the outstanding shares of the company voted in favour of the business combination. This figure represents 90% of the shares that participated in the voting. Moreover, around 50% of all the shareholders of 180 Degree Capital Corp. (NASDAQ:TURN) have voted for other proposals that are to be discussed in the upcoming shareholders’ meeting on August 22.

180 Degree Capital (TURN) Provide Updates Regarding its Merger With Mount Logan Capital

A graph plotting the trends and performance of stocks on the public equity markets.

On the other hand, Mount Logan Capital has already received above threshold votes, known as proxies, to go ahead with the resolution of this deal. Both companies are engaging in dialogues and are optimistic that, with shareholders’ support, they would be able to combine their businesses to form a new company.

​180 Degree Capital Corp. (NASDAQ:TURN) is a closed-end investment company that manages its own investments. The company aims to generate capital growth and current income through investing in various industries.

While we acknowledge the potential of TURN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TURN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.