secwatch.observer — SEC 8-K summary
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Issuer:     Overland Advantage (—)
CIK:        0001965934
Form:       8-K
Filed at:   2025-12-16T23:59:59+00:00
Accession:  0001193125-25-319519
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Overland Advantage raises $1.55M via private placement of 12% Series A Preferred Shares
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- Sold 515 shares of 12.0% Series A Cumulative Preferred Shares at $3,000 per share to accredited investors; gross proceeds ~$1.545M.
- 12% cumulative dividend payable semi-annually; shares senior to common, parity with other preferred.
- Redemption at Company's option after 2 years at $3,000 plus accrued dividends plus $300 premium; no conversion.
- Board designated Terri Lecamp and Neil H. Sherman as Preferred Trustees; holders elect two trustees separately.
- Shares sold under Section 4(a)(2) and Rule 506; restricted securities; fees of $20K + 5% of equity paid to REIT Funding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1965934/000119312525319519/0001193125-25-319519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1965934/000119312525319519/ck0001965934-20251211.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-319519

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