Mount Logan Capital Inc. has received shareholder approval of all necessary resolutions to complete a proposed business combination between Mount Logan and 180 Degree Capital Corp. to form a new publicly traded company, Mount Logan Capital Inc. (New Mount Logan), to be listed on the Nasdaq Capital Market, as described in Mount Logan's management information circular dated July 11, 2025, as supplemented on Aug. 19, 2025.

In connection with the business combination, Mount Logan has obtained a final order of the Ontario Superior Court of Justice (Commercial List) approving a plan of arrangement pursuant to Section 182 of the Business Corporations Act (Ontario) (OBCA) and a plan of domestication involving, among other things, the continuance of Mount Logan out from the jurisdiction of the OBCA, and the substantially concurrent domestication of Mount Logan in the state of Delaware, and the conversion of Mount Logan to a limited liability company existing under and governed by the Delaware Limited Liability Company Act.

The transaction is expected to close on or about Friday, Sept. 12, 2025. In connection with the arrangement and the business combination, the common shares of Mount Logan will be halted at the close of trading on Thursday, Sept. 11, 2025.

The common shares of Mount Logan are expected to be delisted from Cboe Canada at the close of trading on Friday, Sept. 12, 2025, subject to confirmation of closing of the transaction.

The common shares of New Mount Logan are expected to be listed and available for trading on Nasdaq on Monday, Sept. 15, 2025, under the symbol MLCI.

Additional information regarding the business combination and New Mount Logan may be found in the circular, available on SEDAR+.

Security delisting information

Security name:  Mount Logan Capital

Symbol:  MLC

Security type:  common share

Cusip No.:  621886 20 9

ISIN:  CA 621886 20 9 3

Trading status:  halted

Delisting date:  Sept. 12, 2025 (at the close)