---
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"
generated_at: "2026-06-06T16:15:19.245747+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Rand Capital board approves reducing asset coverage ratio to 150% effective Jan 2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-004152
- JSON: https://secwatch.observer/filing/0001493152-24-004152.json
- Plain text: https://secwatch.observer/filing/0001493152-24-004152.txt

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