---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-032896"
form_type: "8-K"
ticker: "RAND"
cik: "0000081955"
company_name: "RAND CAPITAL CORP"
filed_at: "2021-12-30T23:59:59+00:00"
generated_at: "2026-06-27T21:49:35.264214+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Rand Capital merges wholly owned subs; Sub Inc. withdraws BDC election and deregisters

## Summary
- Merger of Rand Capital Sub, Inc. into Rand Capital Sub LLC effective Dec 30, 2021.
- Sub Inc. withdrew its election as a business development company on Dec 30, 2021.
- Parent filed Form 15 to deregister Sub Inc. common stock and suspend reporting obligations.
- All 1,145 shares of Sub Inc. common stock cancelled for no consideration.
- Merger treated as complete liquidation under IRC Sections 332 and 337.

## SEC filing metadata
- accession: 0001493152-21-032896
- form_type: 8-K
- ticker: RAND
- cik: 0000081955
- company_name: RAND CAPITAL CORP
- filed_at: 2021-12-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 1.01, 2.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/81955/000149315221032896/0001493152-21-032896-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/81955/000149315221032896/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-032896
- JSON: https://secwatch.observer/filing/0001493152-21-032896.json
- Plain text: https://secwatch.observer/filing/0001493152-21-032896.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.