Oxford Square Capital launches rights offering for up to 16.6M common shares

Oxford Square Capital Corp.

Record holders on May 23 receive one right per three shares; each right buys one share at formula price (92.5% VWAP or 95% NAV).
Rights expire June 14, 2023; oversubscription privilege available for holders exercising in full.
Dealer manager agreement with Ladenburg Thalmann & Co. Inc. to manage the offering.
Subscription price ensures at least 5% discount to NAV, subject to market price floor.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Oxford Square Capital Corp. entered into Dealer Manager Agreement with Ladenburg Thalmann & Co. Inc. (effective 2023-05-24).

Action: entry
Agreement: underwriting
Counterparty: Ladenburg Thalmann & Co. Inc.
Effective: 2023-05-24

Exact text from the filing

On May 24, 2023, Oxford Square Capital Corp. (NYSE: OXSQ) (the “Company”) entered into a dealer manager agreement (the “Dealer Manager Agreement”) by and among the Company, Oxford Square Management, LLC, Oxford Funds, LLC and Ladenburg Thalmann & Co. Inc.

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Oxford Square Capital Corp. filing history →

Source: SEC EDGAR

accession 0001213900-23-044168

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