{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-004152","form_type":"8-K","ticker":"RAND","cik":"0000081955","company_name":"RAND CAPITAL CORP","filed_at":"2024-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.000771+00:00","generated_at":"2026-06-06T16:15:19.245747+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Rand Capital board approves reducing asset coverage ratio to 150% effective Jan 2025","bullets":["Board approved reduction of minimum asset coverage ratio from 200% to 150%, effective Jan 24, 2025.","Change permitted by Small Business Credit Availability Act of 2018; requires a required majority vote.","New ratio allows greater leverage capacity for the BDC, subject to senior securities conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-004152","json":"https://secwatch.observer/filing/0001493152-24-004152.json","markdown":"https://secwatch.observer/filing/0001493152-24-004152.md","text":"https://secwatch.observer/filing/0001493152-24-004152.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/81955/000149315224004152/0001493152-24-004152-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/81955/000149315224004152/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:15:19.245747+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}