{"schema_version":"secwatch.filing_event.v1","accession":"0001712543-25-000012","form_type":"8-K","ticker":"EQS","cik":"0000878932","company_name":"EQUUS TOTAL RETURN, INC.","filed_at":"2025-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.624653+00:00","generated_at":"2026-05-25T02:34:22.353360+00:00","sec_items":["2.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Equus Total Return sells Equus Energy LLC interest to NAEOC for $1.25M cash and preferred shares","bullets":["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"],"urls":{"canonical":"https://secwatch.observer/filing/0001712543-25-000012","json":"https://secwatch.observer/filing/0001712543-25-000012.json","markdown":"https://secwatch.observer/filing/0001712543-25-000012.md","text":"https://secwatch.observer/filing/0001712543-25-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/878932/000171254325000012/0001712543-25-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/878932/000171254325000012/f8k_equus3042025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T02:34:22.353360+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":[{"claim_id":"ef02eb02b55ad425e3a625927ba008ca9317743c","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/878932/000171254325000012/0001712543-25-000012-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"North American Energy Opportunities Corp."},{"label":"Consideration","value":"$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"},{"label":"Closing","value":"2025-03-04"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}