---
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"
generated_at: "2026-05-25T02:34:22.353360+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Equus Total Return sells Equus Energy LLC interest to NAEOC for $1.25M cash and preferred shares

## Summary
- 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

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001712543-25-000012
- JSON: https://secwatch.observer/filing/0001712543-25-000012.json
- Plain text: https://secwatch.observer/filing/0001712543-25-000012.txt

## Key facts
- M&A Transactions
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/878932/000171254325000012/0001712543-25-000012-index.htm

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