---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-014490"
form_type: "8-K"
ticker: "TCPC"
cik: "0001370755"
company_name: "BlackRock TCP Capital Corp."
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:43:19.280126+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BlackRock TCP Capital completes BCIC merger; exchange ratio 0.3834 per share

## Summary
- Merger closed effective March 18, 2024; BCIC merged into a subsidiary of TCPC.
- Exchange ratio 0.3834 based on TCPC NAV of $10.95/sh and BCIC NAV of $4.20/sh as of March 15, 2024.
- NAV change from Dec 31 to March 15 primarily due to further markdowns on Edmentum, Aventiv, Razor, Thras.io, and Astra.
- Adjusted NAV per share of TCPC as of March 15 may differ from reported NAVs at quarter ends.

## SEC filing metadata
- accession: 0001140361-24-014490
- form_type: 8-K
- ticker: TCPC
- cik: 0001370755
- company_name: BlackRock TCP Capital Corp.
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370755/000114036124014490/0001140361-24-014490-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370755/000114036124014490/ef20024800_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-014490
- JSON: https://secwatch.observer/filing/0001140361-24-014490.json
- Plain text: https://secwatch.observer/filing/0001140361-24-014490.txt

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