Equus Total Return raises $2M via convertible note; invests $1.5M in GEVI note

EQUUS TOTAL RETURN, INC.

Issued $2M senior convertible note (10% interest, 1-yr, conversion $1.50/share) plus warrants for 2M shares at $1.50.
Purchased $1.5M GEVI senior convertible note (10% interest, 1-yr, conversion $0.40/share) plus warrants for 1.875M shares at $0.50.
Transactions closed on Feb 10, 2025; securities issued in unregistered offerings exempt under Section 4(2).

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