Harris & Harris Group Announces Change in Corporate Name to 180 Degree Capital Corp. and Ticker Symbol to "TURN"
25 March 2017 - 3:38AM
Harris & Harris Group, Inc. (NASDAQ:TINY) (the "Company")
reported today that it has filed an amendment to its Certificate of
Incorporation to change its corporate name to 180 Degree Capital
Corp. This amendment was filed following receipt of the
required votes from its shareholders at a Special Meeting of
Shareholders held today.
Additionally, the Company announced that its
common stock will begin trading on the NASDAQ stock market under
the new symbol of TURN on March 27, 2017. The Company will
also be launching a new website that will be accessible at
www.180degreecapital.com.
The Company also announced that it received the
required support from shareholders to enable the Board of Directors
to withdraw the Company’s election to be treated as a business
development company ("BDC") under the Investment Company Act of
1940, as amended (the "1940 Act"). The Company plans to file
the withdrawal notice with the Securities and Exchange Commission
in conjunction with its registration as a registered closed-end
fund under the 1940 Act on or before March 31, 2017.
This press release may contain statements of a
forward-looking nature relating to future events. These
forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions.
These statements reflect the Company's current beliefs, and a
number of important factors could cause actual results to differ
materially from those expressed in this press release. Please
see the Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 2016, as well as subsequent filings, filed with
the Securities and Exchange Commission for a more detailed
discussion of the risks and uncertainties associated with the
Company's business, including, but not limited to, the risks and
uncertainties associated with venture capital investing and other
significant factors that could affect the Company's actual
results. Except as otherwise required by Federal securities
laws, the Company undertakes no obligation to update or revise
these forward-looking statements to reflect new events or
uncertainties. The reference to the website
www.180degreecapital.com has been provided as a convenience,
and the information contained on such website is not incorporated
by reference into this press release. The Company is not
responsible for the contents of third party websites.
PRESS CONTACT:
Daniel B. Wolfe
180 Degree Capital Corp.
212-582-0900
180 Degree Capital (NASDAQ:TURN)
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