EQUUS TOTAL RETURN, INC. (EQS): M&A transaction — Equus Total Return sells Equus Energy LLC interest to NAEOC for $1.25M cash and preferred shares

EQUUS TOTAL RETURN, INC.

Equus sold its equity interest in Equus Energy, LLC to North American Energy Opportunities Corp.
Consideration: $1.25M cash plus 27,500 shares of preferred stock redeemable at $100/share within 6 months
Equus Energy held non-operated working interests in 136 oil/gas wells across Texas and Oklahoma
Transaction closed March 4, 2025; preferred stock redemption subject to fulfillment of certain conditions
Fund had owned Equus Energy since formation in 2011 as a wholly-owned subsidiary

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

EQUUS TOTAL RETURN, INC. completed a disposition involving North American Energy Opportunities Corp. for $1.25 million in cash and 27,500 shares of preferred stock, redeemable within 6 months of the date of issuance at $100.00 per share (closed 2025-03-04).

Action: disposition
Counterparty: North American Energy Opportunities Corp.
Consideration: $1.25 million in cash and 27,500 shares of preferred stock, redeemable within 6 months of the date of issuance at $100.00 per share
Closing: 2025-03-04

Exact text from the filing

in Equus Energy, LLC to North American Energy Opportunities Corp., a developer of upstream oil and gas assets (“NAEOC”). The consideration provided by NAEOC consisted of $1.25 million in cash and 27,500 shares of preferred stock, redeemable within 6 months of the date of issuance at $100.00 per share based upon fulfillment of certain conditions. The Fund

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Source: SEC EDGAR

accession 0001712543-25-000012

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