{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-021190","form_type":"8-K","ticker":"RAND","cik":"0000081955","company_name":"RAND CAPITAL CORP","filed_at":"2025-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.260607+00:00","generated_at":"2026-05-16T23:15:19.237952+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Rand Capital Q3 net investment income rises to $0.33/share; total investment income falls 29% to $1.6M","bullets":["Net investment income $993k ($0.33/share) vs $887k ($0.34/share) in Q3 2024; adjusted NII $0.33/share vs $0.46.","Total investment income $1.6M, down 29% YoY; 39% of income was non-cash PIK interest (24% a year ago).","Received $8.3M repayments, funded $2.9M new/follow-on; portfolio fair value $44.3M, down 37% from Dec 2024.","Cash $9.5M, no debt, $18.3M credit line available; paid $0.29/share quarterly dividend.","New $2.5M investment in BlackJet Direct Marketing; realized $2.9M loss on Tilson Technology exit."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-021190","json":"https://secwatch.observer/filing/0001493152-25-021190.json","markdown":"https://secwatch.observer/filing/0001493152-25-021190.md","text":"https://secwatch.observer/filing/0001493152-25-021190.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/81955/000149315225021190/0001493152-25-021190-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/81955/000149315225021190/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:15:19.237952+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"}