{"schema_version":"secwatch.filing_event.v1","accession":"0000878932-25-000009","form_type":"8-K","ticker":"EQS","cik":"0000878932","company_name":"EQUUS TOTAL RETURN, INC.","filed_at":"2025-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.440015+00:00","generated_at":"2026-05-16T17:10:13.424968+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Equus Total Return NAV per share falls to $1.90 from $2.51 in Q3 2025","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000878932-25-000009","json":"https://secwatch.observer/filing/0000878932-25-000009.json","markdown":"https://secwatch.observer/filing/0000878932-25-000009.md","text":"https://secwatch.observer/filing/0000878932-25-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/878932/000087893225000009/0000878932-25-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/878932/000087893225000009/f8k_equus11242025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:10:13.424968+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}