other material
confidence high
sentiment neutral
materiality 0.30
OFS Capital adjourns special meeting indefinitely; drops below-NAV share issuance proposal
OFS Capital Corp
- Special meeting called April 2, 2026 to approve selling shares below NAV; no quorum after attempts June 10, July 1, July 22, and Aug 12.
- Board voted Aug 11, 2026 to adjourn without setting new date; no vote taken and proxy solicitation ceased.
- Proposal would have authorized common stock sales below net asset value for 12 months, subject to stated limitations.
- Adjournment effectively ends the capital raise effort; company has not rescheduled the meeting.