secwatch.observer — SEC 8-K summary
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Issuer:     XAI Octagon Floating Rate & Alternative Income Trust (XFLT)
CIK:        0001703079
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001213900-24-014084
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

XAI Octagon issues 400,000 convertible preferred shares, raising ~$9.3M
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- Issued 400,000 6.95% Series 2029 Convertible Preferred Shares at $23.25 per share.
- Net proceeds before expenses of approximately $9.3 million.
- Sale exempt from registration under Section 4(a)(2) of the Securities Act.
- Total convertible preferred shares outstanding now 400,000.
- Issuance was under purchase agreement dated Nov 6, 2023 with named purchasers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024014084/0001213900-24-014084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703079/000121390024014084/ea170188_8k.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-014084

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