{"filings":[{"id":1414760,"accession_number":"0001712543-26-000044","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2026-07-02T20:00:45+00:00","items":["5.07"],"status":"ready","headline":"Equus Total Return annual meeting: director Denos re-elected with 49.8% withheld votes","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Kenneth I. Denos received 4,405,506 for and 4,433,223 withheld (49.8% withheld), still re-elected.","Other four directors (Atkinson, Hankinson, Hardy, May) each received >86% of votes cast.","Non-binding advisory vote on 2025 executive compensation passed with 7,577,686 for (85.7% of votes cast).","Total shares present 8,838,729 (63.28% of outstanding); no broker non-votes on any proposal."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.15,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":590690,"accession_number":"0001712543-26-000041","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2026-05-21T21:33:24+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return reports Q1 NAV of $1.50, up 26% from $1.19 at year-end 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets as of March 31, 2026: $20.9 million, up from $16.6 million at December 31, 2025.","NAV per share $1.50 vs $1.19; shares outstanding unchanged at 13,967.","Morgan E&P holding increased $5.0 million due to higher crude oil futures prices.","CitroTech holdings decreased $0.5 million; partial share sale offset price rise.","Comparative NAV history: $1.52 (Q1'25) vs current $1.50, reflecting prior decline from $2.52."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":40001,"accession_number":"0001712543-26-000034","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2026-05-12T20:00:01+00:00","items":["4.01"],"status":"ready","headline":"Equus Total Return appoints PKF O'Connor Davies as new independent accountant","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Engaged PKF O'Connor Davies, LLP as independent accountant effective May 11, 2026.","No prior consultations with PKF on accounting principles or audit opinions.","No disagreements or reportable events occurred with the previous accountant."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99358,"accession_number":"0001712543-26-000032","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2026-05-04T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"BDO USA resigns as auditor for Equus Total Return on April 29, 2026; cites material weakness in valuation controls","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["No accounting disagreements existed; BDO's reports for FY2024 and FY2025 were unqualified.","Material weakness: insufficient management review controls over portfolio investment valuation and warrants.","Audit Committee discussed weaknesses with BDO; successor auditor to be appointed.","BDO resigned effective April 29, 2026; a letter to the SEC is attached as Exhibit 16.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99357,"accession_number":"0001712543-26-000026","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2026-04-22T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return reports Q4 2025 NAV of $1.19/share, down 37% from Q3","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets $16.6M as of Dec 31, 2025, down from $26.5M at Sep 30, 2025.","NAV per share fell to $1.19 from $1.90, a 37% decrease.","Fair value of Morgan E&P decreased by $12.35M due to lower oil forward curve and reserve elimination.","Fair value of CitroTech holdings increased $1.6M to $6.8M; CITR shares traded at $8.08 as of Dec 31."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131724,"accession_number":"0000878932-25-000009","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2025-11-25T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return NAV per share falls to $1.90 from $2.51 in Q3 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets declined to $26.5M as of Sept 30, 2025, from $34.1M at June 30, 2025.","GEVI shares and warrant fell $5.4M in value after note conversion and share price drop from $11.70 to $5.89.","Warrants reclassified as liability reduced net assets by $1.7M.","Morgan E&P fair value held at $12.35M; $3.0M loan secured and two executives hired.","Shares outstanding increased to 13,967 from 13,586, diluting NAV."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148300,"accession_number":"0001712543-25-000063","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2025-08-19T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return Q2 NAV $34.1M ($2.51/share), down from $2.52 prev quarter","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets $34.1M as of June 30, 2025; NAV per share $2.51 vs $2.52 at March 31, 2025.","Fair value of GEVI convertible note and warrant increased to $10.6M due to GEVI share price rise from $1.20 to $1.95.","Equity in Morgan E&P decreased $1.65M to $12.35M on lower oil forward price curve.","Post-quarter: Morgan hired Michael Reger to lead Bakken asset strategy and secured $3M loan facility for drilling."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148299,"accession_number":"0001712543-25-000048","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2025-07-02T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Equus Total Return stockholders approve five proposals but reject issuance of shares below net asset value","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Five director nominees elected with majority support: Fraser Atkinson, Kenneth I. Denos, Henry W. Hankinson, John A. Hardy, John J. May.","Ratification of BDO USA as independent accountants approved with 11,420,311 votes for.","Non-binding advisory approval of 2024 executive compensation passed with 7,373,970 votes for.","Proposal to authorize share issuance below net asset value failed: only 40.3% of non-affiliated shares voted in favor, below required two-thirds.","Reverse stock split authorization (ratio 2:1 to 5:1) approved with 11,434,464 votes for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.15,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167077,"accession_number":"0001712543-25-000039","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2025-05-20T23:59:59+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Equus Total Return receives NYSE non-compliance notice for share price below $1.00","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["NYSE notified Equus on May 15, 2025 that average closing price of common stock was below $1.00 over 30 trading days.","Company has until May 25, 2025 to notify NYSE of intent to cure; six-month cure period available.","Intends to consider a reverse stock split; authorization proposed at annual meeting scheduled for June 26, 2025.","Notice does not cause immediate delisting; shares continue to trade on NYSE under existing conditions.","Company states the deficiency is not expected to impact business operations or SEC reporting obligations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167076,"accession_number":"0001712543-25-000036","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2025-05-19T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return reports Q1 NAV of $2.52 per share, up from $2.17 at year-end 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets $34.2M as of March 31, 2025; NAV per share $2.52 vs. $2.17 at Dec 31, 2024 (16% increase).","Fair value of Morgan E&P increased $1.0M to $14.0M on higher oil forward curve.","Purchased $1.5M GEVI convertible note (10%, convertible at $0.40) and warrant; aggregate value $5.8M at quarter end.","Funded GEVI investment by issuing $2.0M Equus convertible note (10%, convertible at $1.50) and warrants; shareholder vote sought.","Shares outstanding unchanged at 13,586 for all periods shown."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167075,"accession_number":"0001712543-25-000018","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2025-04-11T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return Q4 NAV drops to $2.17 per share from $2.96; issues convertible note, invests in GEVI","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["NAV per share $2.17 as of Dec 31, 2024, down 27% from $2.96 on Sep 30, 2024.","Fair value of Morgan E&P decreased $6.0M to $13.0M; Equus Energy decreased $4.0M to $4.0M.","Issued 1-year 10% convertible note for $2.0M cash, convertible at $1.50/share, plus warrants for 2M shares at $1.50.","Invested $1.5M in GEVI 10% convertible note convertible at $0.40/share, plus warrants for 1.875M shares at $0.50.","Sold Equus Energy on March 3, 2025 for $1.25M cash and $2.75M redeemable preferred shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184446,"accession_number":"0001712543-25-000012","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2025-03-10T23:59:59+00:00","items":["2.01"],"status":"ready","headline":"Equus Total Return sells Equus Energy LLC interest to NAEOC for $1.25M cash and preferred shares","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Equus sold its equity interest in Equus Energy, LLC to North American Energy Opportunities Corp.","Consideration: $1.25M cash plus 27,500 shares of preferred stock redeemable at $100/share within 6 months","Equus Energy held non-operated working interests in 136 oil/gas wells across Texas and Oklahoma","Transaction closed March 4, 2025; preferred stock redemption subject to fulfillment of certain conditions","Fund had owned Equus Energy since formation in 2011 as a wholly-owned subsidiary"],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184445,"accession_number":"0001712543-25-000010","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2025-02-18T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"Equus Total Return raises $2M via convertible note; invests $1.5M in GEVI note","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $2M senior convertible note (10% interest, 1-yr, conversion $1.50/share) plus warrants for 2M shares at $1.50.","Purchased $1.5M GEVI senior convertible note (10% interest, 1-yr, conversion $0.40/share) plus warrants for 1.875M shares at $0.50.","Transactions closed on Feb 10, 2025; securities issued in unregistered offerings exempt under Section 4(2)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184444,"accession_number":"0001712543-25-000002","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2025-01-06T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Equus appoints Fraser Atkinson as Chairman and John J. May as independent director","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Fraser Atkinson appointed independent Chairman of the Board effective December 30, 2024.","John J. May appointed as independent director to fill vacancy due to passing of Robert L. Knauss.","May will serve on Audit, Compensation, and Governance & Nominating Committees.","Atkinson continues as Audit Committee Chair and remains on Compensation and Governance Committees.","May is Managing Partner of City & Westminster Corporate Finance LLP with 50+ years as chartered accountant."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201038,"accession_number":"0001712543-24-000070","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2024-11-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return reports Q3 2024 NAV per share of $2.96, down 19% from prior quarter","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets fell to $40.2M from $49.8M at June 30; NAV per share $2.96 vs $3.66.","Fair value of Morgan E&P dropped $7.0M to $19.0M due to 17.6% oil price decline and lower production.","Fair value of Equus Energy decreased $2.0M to $8.0M, also driven by lower oil prices.","Shares outstanding unchanged at 13,586; comparative NAV data provided back to Sept 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201037,"accession_number":"0001712543-24-000065","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Equus Total Return loses Chairman Robert L. Knauss; NYSE issues delisting warning for board independence","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Chairman Robert L. Knauss passed away on November 1, 2024.","NYSE notified Equus it no longer meets majority independent director and audit committee requirements under Sections 303A.01 and 303A.07(a).","Company has begun recruiting a new independent director to restore compliance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201036,"accession_number":"0001712543-24-000063","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2024-10-22T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Chairman Robert L. Knauss dies unexpectedly on Oct 16, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Robert L. Knauss, Chairman of the Board, died unexpectedly on October 16, 2024.","He served as director since 1991, chaired Corporate Governance and Nominating Committee, and was on Audit and Compensation Committees.","CEO John A. Hardy commented on Knauss's leadership and offered condolences.","Company has not yet named a successor for the Chairman role."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217047,"accession_number":"0001712543-24-000059","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return Q2 NAV per share rises to $3.66 from $3.38","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets of $49.8M as of June 30, 2024, up from $45.9M at March 31, 2024.","NAV per share increased to $3.66 from $3.38, an 8.3% sequential gain.","Fair value of Morgan E&P subsidiary grew $4.75M due to additional Bakken/Three Forks acreage.","Shares outstanding unchanged at 13,586 for the quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236818,"accession_number":"0001712543-24-000047","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2024-06-28T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Equus Total Return stockholders elect all five director nominees and ratify BDO as auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Five director nominees elected with 8.1M-8.5M votes each; no votes against or abstentions.","BDO USA ratified as FY2024 independent auditor with 9.95M for, 293K against, 193K abstained.","Non-binding advisory approval of 2023 executive compensation passed with 8.37M for, 1.09M against.","Annual meeting held June 20, 2024; 10.44M shares present (76.82% of outstanding)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236817,"accession_number":"0001712543-24-000032","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return Q1 NAV $3.38; Morgan E&P fair value down $1.35M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Q1 2024 net assets $45.9M, NAV per share $3.38 vs $3.55 at Dec 31, 2023.","Morgan E&P acquired 5,897.52 net leasehold acres in Bakken/Three Forks; two wells commenced production.","Morgan's debt increased by $2.2M; fair value decreased by $1.35M to $21.25M.","First quarter operating expenses consisted principally of professional fees and insurance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":236816,"accession_number":"0001712543-24-000010","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2024-04-03T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Q4 NAV $3.55; Morgan E&P fair value up $7.6M, Equus Energy down $5.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net assets $48.3M as of Dec 31, 2023; NAV per share $3.55 vs $3.49 prior quarter.","Morgan E&P fair value increased $7.6M to $22.6M due to successful drilling and production.","Equus Energy fair value decreased $5.5M to $10.0M due to uneconomic gas reserves.","Shares outstanding 13,586 as of Dec 31, up from 13,518."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.17,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":254426,"accession_number":"0001712543-24-000002","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2024-02-22T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus subsidiary Morgan E&P completes two Bakken wells; proved reserves PV10 up 135%","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Morgan E&P completed two horizontal wells (Baranko 1-28H and Obrigewitch 1-33H) producing >1,000 bbl/d combined.","Sold 37% working interest in the two wells to Bakken Partners I, LLC for $5.6M; proceeds reduce Morgan's capex.","Proved reserves PV10 value increased 135% to $31.99M, driven by conversion of possible to proved developed producing.","Acreage in Bakken/Three Forks increased 25.9% to 5,976.84 net acres; net drilling locations up from 15 to 18.","Management expects initial IP 30 rate by end of Q1 2024; Cawley Gillespie estimates EUR of ~814,000 boe per well."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":271906,"accession_number":"0001712543-23-000085","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2023-11-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return NAV rises to $3.49 per share; Morgan E&P drills two wells","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets as of Sept 30, 2023: $47.1M, NAV per share $3.49, up from $2.96 on June 30.","NAV increase driven by fair value rise of wholly-owned Morgan E&P subsidiary.","Morgan acquired additional 1,150 net acres in Bakken/Three Forks; reserves and drilling locations increased.","Morgan commenced drilling two wells; fair value of its equity recorded at ~$15.0M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":288752,"accession_number":"0001712543-23-000057","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2023-08-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return Q2 2023 NAV per share $2.96, up from $2.52 Q1","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets of $40.1 million as of June 30, 2023; NAV per share $2.96, up 17.5% from $2.52 at March 31, 2023.","Principal driver: Morgan E&P acquisition of 4,747.52 net acres in Bakken/Three Forks formation, with additional acres planned.","Equus made $750,000 investment in Morgan during H1 2023; fair value recorded at approximately $7.5 million as of June 30, 2023.","Shares outstanding unchanged at 13,518 since prior quarters."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309411,"accession_number":"0001712543-23-000038","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2023-05-26T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"Equus Total Return shareholders elect five directors, ratify BDO, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Shareholders representing 89.57% of outstanding shares present at May 25, 2023 annual meeting.","All five director nominees elected: Atkinson, Denos, Hankinson, Hardy, Knauss with majority support.","Ratification of BDO USA LLP as auditor for fiscal 2023 approved (11.68M for, 51.6K against).","Non-binding advisory approval of 2022 executive compensation passed (7.51M for, 2.65M against)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309410,"accession_number":"0001712543-23-000036","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2023-05-25T23:59:59+00:00","items":["1.01","2.01","8.01","9.01"],"status":"ready","headline":"Equus subsidiary Morgan E&P acquires 4,748 net acres in Bakken, commits to drill 6 wells within 18 months","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired 4,747.52 net acres in Bakken/Three Forks formation, Williston Basin, North Dakota.","Payment of $500,000 plus obligation to drill minimum 6 horizontal wells within 18 months of permits (avg cost ~$8M/well).","Morgan receives average net revenue interest of 80% in production from drilled wells.","CG&A reserve analysis: PV10 values for proved undeveloped $6.4M, probable $14.8M, possible $37.6M; 48 gross / 15 net drilling locations.","Estimated ultimate recovery per well: ~811,475 barrels of oil equivalent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309409,"accession_number":"0001712543-23-000033","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2023-05-18T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus forms Morgan E&P, LLC, new oil and gas subsidiary focused on Bakken area","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Equus formed wholly-owned subsidiary Morgan E&P, LLC for upstream oil and gas development.","Morgan E&P will focus on Bakken area (Williston Basin) in North Dakota.","John Hardy appointed CEO; Brian McNiell as President (CFA, CPA, over 25 yrs experience).","J. Carlo Limchuatuan named COO; Clarence K. Wong SVP Operations & Engineering.","New management team has over 70 years combined industry experience."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":309408,"accession_number":"0001712543-23-000029","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2023-05-12T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return Q1 2023 NAV per share drops to $2.52 from $2.61","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets $34.1M; NAV per share $2.52 as of March 31, 2023, down from $2.61 at Dec 31, 2022.","NAV decline driven by higher professional fees, expenses, and due diligence costs for potential transformative transactions.","Fair value of Equus Energy LLC investment remained unchanged during Q1 2023.","Shares outstanding steady at 13,518; NAV per share was $2.77 a year earlier."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":328136,"accession_number":"0001712543-23-000017","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2023-03-29T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return Q4 2022 NAV per share $2.61, down from $2.68 prior quarter","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets $35.2M as of 12/31/2022; NAV per share $2.61 vs $2.68 at 9/30/2022.","Shares outstanding unchanged at 13,518 for all periods shown.","Fair value of Equus Energy increased from $13.0M to $15.65M in 2022, driven by Permian Basin activity.","NAV decline due to higher professional fees and due diligence expenses for potential transformative transactions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":345792,"accession_number":"0001712543-22-000181","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2022-11-14T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return reports Q3 NAV per share of $2.68, down from $2.75; shareholders authorize BDC withdrawal","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net asset value per share decreased to $2.68 as of Sept 30, 2022 from $2.75 as of June 30, 2022.","Shareholders holding 53.01% of outstanding shares authorized Board to withdraw Equus's BDC election as part of potential strategic transformation.","Equus filed an Information Statement on Schedule 14C dated November 3, 2022 regarding the authorization.","Company's portfolio investments did not experience a change in fair value during the quarter.","Net assets as of Sept 30, 2022 were $36.2 million, compared to $37.2 million at June 30, 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":345791,"accession_number":"0001712543-22-000177","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2022-11-04T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"Shareholders authorize Equus to withdraw BDC election as part of potential transformation into operating company","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders holding 53% of shares (7,166,015) authorized Board to withdraw BDC election by Feb 28, 2023.","Withdrawal will only occur after Equus enters a definitive agreement to acquire an operating company.","Company recently focused on evaluating midstream and upstream oil and gas production and development transactions.","Management cites advantages: more growth opportunities, valuation based on earnings, lower compliance costs, greater financing flexibility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":362211,"accession_number":"0001712543-22-000113","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2022-08-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return reports Q2 2022 NAV of $2.75 per share, down from $2.77","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets at June 30, 2022: $37.2M, down $0.2M from March 31, 2022.","NAV per share decreased to $2.75 from $2.77 in prior quarter.","Fair value of Equus Energy increased from $15.0M to $15.5M during Q2.","Working interests in Permian Basin (2,400 acres) and Eagle Ford Shale (~13,000 acres) held.","Crude oil prices up 5.46%; 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shares outstanding held at 13,518.","Equus Energy LLC fair value rose from $13.0M to $15.0M, driven by Permian Basin activity and higher oil/gas prices."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":381731,"accession_number":"0001712543-22-000025","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2022-04-04T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return reports Q4 2021 NAV of $2.69 per share, up from $2.68","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets $36.4M as of Dec 31, 2021, up $0.2M from Sept 30.","NAV per share $2.69 vs $2.68 previous quarter; shares unchanged at 13,518.","Equus Energy fair value rose from $7M to $13M during 2021.","Received $3.8M final escrow proceeds from PalletOne sale, $0.4M above accrued.","Drivers include higher Permian acreage values and crude oil price increase."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":418699,"accession_number":"0001322410-21-000138","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2021-11-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return Q3 NAV rises to $2.68 per share from $2.57; net assets $36.2M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets $36.2M at Sep 30, 2021, up ~$1.5M from June 30, 2021.","NAV per share increased to $2.68 from $2.57.","Equus Energy fair value up from $10.25M to $12M on Permian Basin activity and higher oil/gas prices.","Post-quarter end, received $1.2M final PalletOne payment, $0.5M above accrued escrow."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":436281,"accession_number":"0001322410-21-000103","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2021-08-20T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"Equus shareholders authorize Board to withdraw BDC election for transformation into operating company","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders holding 55.64% of outstanding common stock (7,511,448 shares) authorized BDC election withdrawal.","Withdrawal must occur by January 31, 2022, contingent on a definitive agreement to acquire an operating company.","The move is part of a strategic transformation from a closed-end fund to an operating company structure.","Potential advantages cited: more growth opportunities, earnings-based valuation, lower compliance costs, and flexible equity issuance.","Covid-19 Delta variant disruptions may adversely affect pursuit of a transformative transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":436280,"accession_number":"0001322410-21-000098","cik":878932,"company_name":"EQUUS TOTAL RETURN, INC.","ticker":"EQS","form_type":"8-K","filed_at":"2021-08-17T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Equus Total Return reports Q2 2021 NAV of $2.57 per share, up 2% from prior quarter","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net assets $34.7M at June 30, 2021, vs $34.1M at March 31; NAV per share $2.57 vs $2.52.","Fair value of Equus Energy, LLC rose from $8.5M to $10.25M on higher crude/gas prices and Permian transactions.","Equus invested additional $350,000 in Equus Energy during Q2 to boost working capital.","Shares outstanding unchanged at 13,518,000; comparative NAV: $2.50 (Dec 2020), $2.77 (Sep 2020)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":17390000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}