secwatch.observer — SEC 8-K summary
======================================

Issuer:     BlackRock Capital Investment Corp (—)
CIK:        0001326003
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001140361-24-013941
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326003/000114036124013941/0001140361-24-013941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326003/000114036124013941/ef20024223_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-013941

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer