regulatory
confidence high
sentiment neutral
materiality 0.60
Rand Capital subsidiary surrenders SBIC license, changes name to Rand Capital Sub, Inc.
RAND CAPITAL CORP
- Wholly owned subsidiary Rand Capital SBIC, Inc. surrendered its SBIC license to the SBA effective Nov 8, 2021.
- Filed restated certificate of incorporation changing name to Rand Capital Sub, Inc. and removing SBIC references on Nov 10, 2021.
- Amended and restated bylaws to conform to new name and remove SBIC references; approved by board and sole shareholder Oct 29, 2021.
- SBA acceptance of license surrender received Nov 8, 2021, triggering effectiveness of corporate changes.