180 Degree Capital Corp. Notes Its Portfolio Company, Synchronoss Technologies, Inc., Announced Receipt of CARES Act Tax Refund

MONTCLAIR, N.J., July 28, 2025 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN) (“180 Degree Capital”) today noted the recent announcement by its portfolio company, Synchronoss Technologies, Inc. (“SNCR”), that stated SNCR received $30.2 million of its $33.9 million tax refund, and that SNCR expects the remaining $3.7 million to be received prior to Labor Day 2025. SNCR noted in its press release that:

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