Item 2.02. Results of Operations and Financial Condition.






On January 13, 2022, SuRo Capital Corp. (the "Company") issued a press release
containing preliminary estimates of its results for the fourth quarter and year
ended December 31, 2021 (the "Press Release"). A copy of the Press Release is
included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
into this Item 2.02 by reference.



The information disclosed under this Item 2.02, including the information set
forth in Exhibit 99.1 hereto, is being "furnished" and shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or otherwise. The information in this
Item 2.02 shall not be incorporated by reference into any registration statement
or other document pursuant to the Securities Act of 1933, as amended, or into
any filing or other document pursuant to the Exchange Act, except as otherwise
expressly stated in any such filing.


Item 8.01. Other Events.

Preliminary Estimates and Investment Portfolio Update

On January 13, 2022, the Company disclosed the following information in the Press Release.

Preliminary Estimates of Results for the Three Months and Year Ended December 31, 2021





As previously reported, the Company's net assets totaled approximately $425.8
million, or $14.79 per share, at September 30, 2021 and approximately $301.6
million, or $15.14 per share, at December 31, 2020. As of December 31, 2021, the
Company's net asset value is estimated to be between $11.25 and $12.00 per
share. This range includes a customary discount to the year-end pricing of
certain public common shares in the Company's investment portfolio subject to
lock-up provisions at year-end.

As of December 31, 2021, there were 31,118,556 shares of the Company's common stock outstanding.





Investment Portfolio Update

At December 31, 2021, the Company held positions in 38 portfolio companies - 31 privately-held and 7 publicly-held, some of which may be subject to certain lock-up provisions.





During the three months ended December 31, 2021, the Company made the following
investments:



Portfolio Company                      Investment        Transaction Date      Amount
                                   Series C Preferred
Course Hero, Inc.(1)                     Shares             11/5/2021       $10.0 million
                                      Series Seed-4
SuRo Capital Sports, LLC(2)         Preferred Shares        10/12/2021      $1.0 million

(1) Represents a follow-on investment.

(2) Represents an investment in Rebric, Inc. (d/b/a Compliable).

During the three months ended December 31, 2021, the Company exited or received proceeds greater than $1.0 million from the following investments:





                         Transaction    Shares      Average Net           Net            Realized
Portfolio Company           Date         Sold      Share Price(1)      Proceeds            Gain
Coursera, Inc.(2)          Various     1,509,090       $34.35        $51.8 million     $42.4 million
NewLake Capital
Partners, Inc.(3)          Various      167,755        $28.30        $4.7 million      $1.4 million
Tynker (f/k/a Neuron
Fuel Inc.)                12/6/2021     534,162        $5.44        $2.9 million(4)   $2.6 million(4)

(1) The average net share price is the net share price realized after deducting

all commissions and fees on the sale(s), if applicable.

(2) As of November 4, 2021, all shares of Coursera, Inc. had been sold.

(3) As of December 31, 2021, the Company held 278,471 remaining NewLake Capital

Partners, Inc. common shares.

(4) Net proceeds includes approximately $0.4 million in additional proceeds held


    in escrow.

Preliminary Estimates and Guidance


The preliminary financial estimates provided herein are unaudited and have been
prepared by, and are the responsibility of, the management of the Company.
Neither the Company's independent registered public accounting firm, nor any
other independent accountants, have audited, reviewed, compiled, or performed
any procedures with respect to the preliminary financial data included herein.
Actual results may differ materially.

The Company expects to announce its fourth quarter and fiscal year ended December 31, 2021 results in March 2022.





Forward-Looking Statements



Statements included herein, including statements regarding the Company's
beliefs, expectations, intentions, or strategies for the future, may constitute
"forward-looking statements". The Company cautions that any forward-looking
statements are not guarantees of future performance and that actual results or
developments may differ materially from those projected or implied in these
statements. All forward-looking statements involve a number of risks and
uncertainties, including the impact of the coronavirus (COVID-19) pandemic and
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. Risk factors, cautionary
statements, and other conditions which could cause the Company's actual results
to differ from management's current expectations, are contained in the Company's
filings with the Securities and Exchange Commission. The Company undertakes no
obligation to update any forward-looking statement to reflect events or
circumstances that may arise after the date of this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.






Exhibit No.      Description

  Exhibit 99.1     Press Release dated January 13, 2022*

* The press release attached hereto as Exhibit 99.1 is "furnished" and not "filed," as described in Item 2.02 of this Current Report on Form 8-K.

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