---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-013941"
form_type: "8-K"
ticker: null
cik: "0001326003"
company_name: "BlackRock Capital Investment Corp"
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T14:42:17.958320+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# BlackRock TCP Capital completes acquisition of BlackRock Capital Investment; combined company trades as TCPC

## Summary
- BCIC stockholders receive 0.3834 TCPC shares per BCIC share; TCPC issues ~27.8M shares.
- Legacy TCPC shareholders own ~67.5% and former BCIC shareholders own ~32.5% of combined company.
- Advisor agrees to reduce base management fee from 1.50% to 1.25% on assets ≤200% of NAV.
- Advisor to waive fees if adjusted NII per share below $0.32 for any of first four quarters post-close.
- BCIC shares delisted from Nasdaq; trading halted after March 18 close.

## SEC filing metadata
- accession: 0001140361-24-013941
- form_type: 8-K
- cik: 0001326003
- company_name: BlackRock Capital Investment Corp
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326003/000114036124013941/0001140361-24-013941-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326003/000114036124013941/ef20024223_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-013941
- JSON: https://secwatch.observer/filing/0001140361-24-013941.json
- Plain text: https://secwatch.observer/filing/0001140361-24-013941.txt

## Key facts
- M&A Transactions
  BlackRock Capital Investment Corp underwent a change of control involving BlackRock TCP Capital Corp. for 0.3834 shares of TCPC’s common stock (closed 2024-03-18).
  - Action: change of control
  - Counterparty: BlackRock TCP Capital Corp.
  - Consideration: 0.3834 shares of TCPC’s common stock
  - Closing: 2024-03-18
  source text: with the terms of the Merger Agreement, at the effective time of the Merger, each outstanding share of the Company’s common stock was converted into the right to receive 0.3834 shares of TCPC’s common stock (with the Company’s stockholders receiving cash in lieu of fractional shares of TCPC’s common stock). As a result of the Merger, TCPC issued an
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326003/000114036124013941/0001140361-24-013941-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.