other material
confidence high
sentiment neutral
materiality 0.15
OFS Capital stockholders approve authority to sell common stock below NAV
OFS Capital Corp
- Stockholders voted 6,856,958 For vs. 1,357,031 Against to authorize below-NAV share sales.
- Authority allows sales up to 25% of outstanding shares during next 12 months.
- Affiliated shares (3,019,694) excluded from non-affiliated tally of 3,837,264 For.
- Approval enables potential equity capital raises at prices below current net asset value per share.
- Proposal passed at July 13, 2022 Special Meeting of Stockholders.