OFS Capital stockholders approve below-NAV stock sale authority; up to 25% of outstanding

OFS Capital Corp

6,886,015 votes for vs. 1,485,606 against; proposal to sell common stock below NAV approved.
Authority valid for 12 months; cumulative sales limited to 25% of outstanding common stock.
Adjusted for 3,020,992 affiliated shares: 3,865,023 for, 1,485,606 against.
Approval permits capital raising below NAV, potentially diluting existing stockholders.

item 5.07

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

OFS Capital Corp shareholders approved Sales of Common Stock Below NAV at the 2023-07-19 meeting.

Outcome: passed
Meeting: 2023-07-19

Exact text from the filing

The stockholders approved the proposal to authorize the Company, with approval of its Board of Directors, to sell or otherwise issue shares of its common stock (during the next 12 months) at a price below the Company’s then current net asset value per share in one or more offerings, subject to certain limitations set forth in the proxy statement for the Special Meeting (including that the cumulative number of shares sold pursuant to such authority does not exceed 25% of the Company’s then outstanding common stock immediately prior to each such sale) by the vote shown below. The vote on the proposal, including affiliated and non-affiliated shares, was as follows: For Against Abstain 6,886,015 1,485,606 175,606

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Source: SEC EDGAR

accession 0001487918-23-000087

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