{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-036108","form_type":"8-K","ticker":"RAND","cik":"0000081955","company_name":"RAND CAPITAL CORP","filed_at":"2026-08-05T12:10:19+00:00","discovered_at":"2026-08-05T12:15:06.975529+00:00","generated_at":"2026-08-05T12:15:19.486152+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Rand Capital Q2 2026: net investment income $0.24/share (down 71% YoY); NAV $17.33; dividend $0.29","bullets":["Total investment income $1.4M, down 13% from $1.6M; non-accruals pressure.","Net investment income $710k ($0.24/share) vs $2.5M ($0.83) prior year; adjusted $0.24 vs $0.33.","Portfolio fair value $56.5M (+16.5% from Dec 2025); deployed $6.9M into two new investments; realized gain $959k.","BMP Swanson write-down of $2.5M to zero; weighted average yield on debt 8.98% vs 11.3%.","Declared Q3 dividend $0.29/share; cash $430k; line of credit $5.1M outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-036108","json":"https://secwatch.observer/filing/0001493152-26-036108.json","markdown":"https://secwatch.observer/filing/0001493152-26-036108.md","text":"https://secwatch.observer/filing/0001493152-26-036108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/81955/000149315226036108/0001493152-26-036108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/81955/000149315226036108/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-05T12:15:19.486152+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"}