---
schema_version: "secwatch.filing_event.v1"
accession: "0001712543-23-000029"
form_type: "8-K"
ticker: "EQS"
cik: "0000878932"
company_name: "EQUUS TOTAL RETURN, INC."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T03:12:01.510964+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Equus Total Return Q1 2023 NAV per share drops to $2.52 from $2.61

## Summary
- Net assets $34.1M; NAV per share $2.52 as of March 31, 2023, down from $2.61 at Dec 31, 2022.
- NAV decline driven by higher professional fees, expenses, and due diligence costs for potential transformative transactions.
- Fair value of Equus Energy LLC investment remained unchanged during Q1 2023.
- Shares outstanding steady at 13,518; NAV per share was $2.77 a year earlier.

## SEC filing metadata
- accession: 0001712543-23-000029
- form_type: 8-K
- ticker: EQS
- cik: 0000878932
- company_name: EQUUS TOTAL RETURN, INC.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/878932/000171254323000029/0001712543-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/878932/000171254323000029/f8k_equus05102023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001712543-23-000029
- JSON: https://secwatch.observer/filing/0001712543-23-000029.json
- Plain text: https://secwatch.observer/filing/0001712543-23-000029.txt

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