Hello, and welcome to SuRo Capital's Third 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 and for the duration of the call your lines will be on listen-only. However, you will have the opportunity to ask questions at the end of the presentation. [Operator Instructions] I'll now turn the call over to Willie Lee. Please go ahead.

Awesome. Thank you. Thank you for joining us on today's call. I'm joined today by 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 provided 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 our future performance or financial condition. These statements are not guarantees of our future performance or future financial condition or 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's latest SEC filings, please visit our website at www.surocap.com or the SEC's website at sec.gov. Now I'd like to turn the call over to Mark Klein.

Thank you, Willie. Good afternoon, and thank you for joining us. we would like to share the results of SoRo Capital's third quarter 2024. Before discussing the exciting events that have occurred in the past few months, I would like to take a step back and share the SuRo Capital vision and discuss a bit about what differentiates our firm from other investment alternatives. Please turn to Slides 3, 4 and 5. From inception, our goal has been to democratize curated access to venture capital opportunities. Over the last 14 years, we have invested in and exited from investments in companies like Facebook, Twitter, Lyft, Spotify, Dropbox, Corcera and Palantir. We believe our ability to access these opportunities provides our shareholders with access to an asset class that is typically excluded from the average investor. Presently, we are confident that we have redeployed capital into the next wave of exciting private companies with investments in market-leading businesses like OpenAI, CoreWeave, Canva, Service Titan, Loop and Liquid Death to name a few. Between our ability to access attractive opportunities or rigorous analysis and investment process and our continued commitment to shareholder value we are confident that we are providing unique value in the market that others may not. Fostering this differentiation is important given the alternatives investors have. As forwarding to today, the last few months have been among the most exciting for our firm in our history. With the exponential growth of AI, a new crop of some of the world's most valuable companies has emerged. We have identified and invested significant capital in a few of the market's leading players. Just in the second half of 2024, we have invested approximately $65 million into some of the largest and most sought-after private companies globally. Of that amount, we've invested…

Thank you, Mark. I would like to follow Mark's update with a more detailed review of our financial results as of September 30 and investment activity during the third quarter and subsequent quarter end. Additionally, I'll provide more detail on the 6.5% convertible note purchase agreement and related issuances during the quarter and subsequent to quarter end, and the Board approved 6% notes due 2026 repurchase program. I'll conclude with a brief update on the share repurchase program and our current liquidity. Please turn to Slide 10. As Mark mentioned, during the quarter, we completed a $17.5 million investment in the convertible equity of OpenAI due to Class A interest of ARC Type One Deep Ventures Fund LLC, a fund who sold portfolio asset for Class A interest holders is the convertible equity of OpenAI. We also made a $5 million investment in CoreWeave's common shares via a secondary transaction. Subsequent to quarter end, we made an additional $5 million investment in CoreWeave Series A preferred shares via a secondary transaction and a $12 million investment in VAST data through our investment in the membership interest of IH10 LLC, an entity whose sole portfolio asset is the series preferred shares of VAST Data through an SPV. Please turn to Slide 11. During the third quarter, we began to sell our public common shares of Public Square following their lockup expiration on July 19. We sold 3,59,845 shares of Public Square for approximately $1 million in proceeds resulting in a realized gain of approximately $732,000. Additionally, we sold our entire remaining position in One Valley Inc., formally known as NGS, resulting in net proceeds of $3 million and a realized loss of approximately $6.6 million. During the quarter, we also exited our position in STBRx, formerly known as GSV Sustainability Partners…

[Operator Instructions]. We have no questions in the queue, I would like to turn it back over to your host for any closing remarks. : :

Thank you all for attending our Q3 call. We appreciate your interest and support. And if you have any further questions, feel free to reach out directly through our IR portal. Thank you all very much.

Thank you very much. Once again, that does conclude today's conference. You may now disconnect.