secwatch.observer — SEC 8-K summary
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Issuer:     PROSPECT CAPITAL CORP (PSEC)
CIK:        0001287032
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001287032-26-000174
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prospect Capital enters $400M at-the-market preferred stock offering; reclassifies 16M common shares
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- Equity distribution agreement with A.G.P./Alliance Global Partners and affiliates to sell up to $400M liquidation preference of 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock.
- Sales agents will receive commission up to 2.0% of gross sales price; offerings are at-the-market under Rule 415(a)(4).
- Company reclassified 16M shares of common stock (par value $0.001) into Series A Preferred, reducing common shares from 1,248,117,104 to 1,232,117,104.
- Company is not obligated to sell any shares and may suspend offering at any time depending on market conditions and capital needs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1287032/000128703226000174/0001287032-26-000174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1287032/000128703226000174/psec-20260508.htm
  HTML page:      https://secwatch.observer/filing/0001287032-26-000174

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