With its best-in-class cloud infrastructure, we believe CoreWeave will continue its exponential growth and capitalize on accelerated AI adoption. Please turn to slide seven. One additional portfolio company we’d like to highlight is our investment in AltC sponsored LLC, a SPAC sponsored by Sam Altman. Yesterday, AltC acquisition, Corp’s shareholders approved a business combination with Oklo, a fast-vision, clean power company backed by Sam Altman. While we are always happy when our SPAC sponsored investments complete a business combination, this one is particularly exciting for a few reasons. Oklo is on the cutting edge of nuclear fuel recycling, which has many uses including the potential to add clean power to AI-related data centers. With Sam Altman as Oklo’s Chairman, the company has been able to create significant partnerships to further its clean-tech product suite, most recently through a non-binding LOI with Diamondback Energy, the largest independent energy producer in the Permian Basin.
Our investment thesis around AI has been delivered, first focusing specifically on the infrastructure of AI. Oklo’s product has many use cases, however its ability to power the hypergrowth of AI gives us another entry point into AI infrastructure. Our new investment in CoreWeave, plus the business combination between AltC and Oklo, now gives us significant exposure to the picks and shovels of the AI universe. Building this part of our portfolio was delivered and required a patient deployment of capital, but we are now seeing the results of that strategy play out. We cannot be more excited to have creative portfolio that allows SuRo Capital investors access to the AI infrastructure landscape and industry with limited opportunities for public investors to participate in today.
Transitioning to our public investments. As previously stated, it is our objective to sell our public positions when lockup restrictions expire and there is relative stability in the given public positions trading. In line with this approach, we continue to monetize several of our public unrestricted positions of the quarter. During the first quarter, we fully exited our remaining position in Nextdoor and reduced our position in PublicSquare warrants. I would also like to further reiterate SuRo Capital’s commitment to initiatives that enhance shareholders’ value. Given the discount our stock is traded at, compared to net asset value per share, we believe our recent, modified Dutch Auction tender offer was an efficient and accretive deployment of capital.
Allison will discuss the results of the tender offer in her prepared remarks. Given these recent investments coupled with our strong portfolio and the positive performances of high-profile technology IPOs, we believe our portfolio is well-positioned to drive shareholder return. Thank you for your attention and with that, I would like to hand it over to Allison Green, our Chief Financial Officer.
Allison Green: 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 of March 31, including investment activity at 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 continued to monetize our warrants in PublicSquare. Notably, we sold 100,000 warrants in PublicSquare 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 2 LP, an SPV that will invest in CoreWeave preferred shares. Please turn to slide eight. Segmented by six general investment themes, the top allocation of our investment portfolio at quarter-end was to 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 nine. 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 $7.99 at 2023 year-end to $7.17 as of March 31 was primarily driven by a $0.73 per share decrease resulting from unrealized depreciation of our portfolio investments during the quarter. In addition to a $0.13 per share decrease due to net investment loss and a $0.02 per share decrease due to net realized losses on our investment. The decrease in NAV per share was partially offset by a $0.06 per share increase due to stock-based compensation during the quarter. As Mark mentioned earlier, SuRo Capital is committed to initiatives that enhance shareholder value.
Accordingly, on February 14, our Board of Directors approved a modified Dutch Auction tender offer, which commits to some February 20, to purchase up to 2 million shares of our common stock at a price per share and not less than $4 per share and not greater than $5 per share, and $0.10 increments, using available cash. The tender offer expired on April 1. Pursuant to the terms of the tender offer and following its expiration, we repurchased 2 million shares at a price of $4.70 per share, representing 7.9% of outstanding shares. The per share purchase price of properly-tendered shares represented 65.6% and 58.8% of net asset value per share as of March 31, 2024 and December 31, 2023, respectively. We used available cash to fund the purchase of shares of common stock and the tender offer and to pay for all related fees and expenses.
Because the tender offer expired subsequent quarter-end, it is not reflected in our financial statements for the three months ended March 31 and will be reflected in next quarter’s financials. I would also like to note that the dollar value of shares that may yet be purchased by SuRo Capital under the share purchase program is approximately $20.7 million. The share purchase program is authorized through October 31, 2024. Finally, I would like to take a moment to review SuRo Capital’s liquidity position as of March 31. We ended the quarter with approximately $84.6 million of liquid asset, including $50.8 million in cash, $29.6 million in short-term U.S. Treasury, and approximately $4.1 million in unrestricted public securities. At March 31, 2024, there were 25,353,284 shares of the company’s common stock outstanding.
