Hello, and welcome to SuRo Capital's First Quarter 2024 Earnings Call. My name is Melissa, and I will be your coordinator for today's event. Please note this conference is being recorded. [Operator Instructions] I'll now turn the call over to Adam Bates. Please go ahead.

Thank you very much for joining us on today's call. I am joined today by the Chairman and Chief Executive Officer of SuRo Capital, Mark Klein; and Chief Financial Officer, Allison Green. Please note that a slide presentation corresponding to today's prepared remarks by management is available on our website at www.surocap.com under Investor Relations, Events and Presentations. Today's call is being recorded and broadcast live on our website, www.surocap.com. Replay information is included in our press release issued today. This call is the property of SuRo Capital and the unauthorized reproduction of this call in any form is strictly prohibited. I would also like to call your attention to customary disclosures in today's earnings press release regarding forward-looking information. Statements made in today's conference call and webcast may constitute forward-looking statements, which relate to future events or future performance or financial condition. These statements are not guarantees of our future performance or our future financial conditional results and involve a number of risks, estimates and uncertainties, including the impact of any market volatility that may be detrimental to our business, our portfolio companies, our industry and the global economy that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including, but not limited to, those described from time to time in the company's filings with the SEC. Management does not undertake to update such forward-looking statements unless required to do so by law. To obtain copies of SuRo Capital related SEC filings, please visit our website at www.surocap.com or the SEC's website at sec.gov. Now I would like to turn the call over to Mark Klein.

Thank you, Adam. Good afternoon, and thank you for joining us. We would like to share the results of SuRo Capital's first quarter 2024. As most of you know, for over 13 years, SuRo Capital has provided public equity investors access to late-stage venture capital-backed private companies such as Facebook, Twitter, Snap, Lyft, Dropbox, Spotify, Palantir and Coursera, just to name a few. We are excited to see the renewed and accelerating public investor interest in later-stage venture capital as an asset class. We believe our current portfolio, including recent investments year-to-date will continue to drive shareholder value. We are pleased to share that we have deployed more capital in the last 4 months than any period in the last 2 years. In addition to our previously announced $10 million investment in liquid death, we are excited to share that subsequent to quarter end, we invested $10 million in Canva a leading productivity and design software company and invested $15 million in CoreWeave through an SPV name CW opportunity. CoreWeave is a cloud infrastructure provider for artificial intelligence and machine learning use cases. CoreWeave is our single largest investment since 2020. I will go into more detail on each company later in the call. As many of you know, from late 2020 through 2021, we liquidated a large portion of our portfolio and paid out approximately $9 per share in dividends. We consistently stated we would be patient in redeploying our capital and the belief that we will be able to deliver shareholders access to compelling opportunities. We began redeploying in the middle of last year with investments in ServiceTitan and FourKites and continued into this year Liquid Death, Canva and CoreWeave. Over the last 4 months, we deployed half of our cash that was available at year-end, and we…

Thank you, Mark. I would like to follow Mark's update with a more detailed review of our first quarter investment activity and financial results as of March 31, including investment activity subsequent to quarter end, results of the modified Dutch auction tender offer announced during Q1 and executed subsequent to quarter end and our current liquidity. First, I will review our investment activity. During the first quarter, we made a $10 million investment in liquid debt Series F1 preferred shares. Over the course of the first quarter, we sold our remaining public common shares in Nextdoor and continue to monetize our warrants in PublicSq. Notably, we sold 100,000 warrants of PublicSq for approximately $103,000 in net proceeds, resulting in a realized gain of approximately $60,000. As Mark mentioned, subsequent to quarter end through today, we completed a $10 million investment in Canva's common shares and a $15 million investment in the Class A interest of CW Opportunity to LT an SPV that will invest in CoreWeave's preferred shares. Please turn to Slide 8. Segmented by sixth general investment themes, the top allocation of our investment portfolio at quarter end with the education technology representing approximately 31% of the investment portfolio at fair value. The Cloud and Big Data and marketplaces categories, both accounted for approximately 19% of our portfolio. Approximately 17% of our portfolio was invested in Financial Technology and services companies. The social mobile and consumer category accounted for approximately 13% of the fair value of our portfolio and sustainability accounted for less than 1% of the fair value of our portfolio as of March 31. Please turn to Slide 9. We ended the first quarter of 2024 with an NAV per share of $7.17, which is consistent with our financial reporting. The decrease in NAV per share from…

And as we have no questions coming through, I'd like to turn it back over to Mark Klein for any closing remarks.

Thank you all very much for joining us this afternoon. We are truly excited of how we have positioned the portfolio and our ongoing access to really great opportunities. Thank you again very much.

Thank you very much. That concludes today's conference. You may now disconnect.