secwatch.observer — SEC 8-K summary
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Issuer:     EQUUS TOTAL RETURN, INC. (EQS)
CIK:        0000878932
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001712543-25-000018
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equus Total Return Q4 NAV drops to $2.17 per share from $2.96; issues convertible note, invests in GEVI
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- NAV per share $2.17 as of Dec 31, 2024, down 27% from $2.96 on Sep 30, 2024.
- Fair value of Morgan E&P decreased $6.0M to $13.0M; Equus Energy decreased $4.0M to $4.0M.
- Issued 1-year 10% convertible note for $2.0M cash, convertible at $1.50/share, plus warrants for 2M shares at $1.50.
- Invested $1.5M in GEVI 10% convertible note convertible at $0.40/share, plus warrants for 1.875M shares at $0.50.
- Sold Equus Energy on March 3, 2025 for $1.25M cash and $2.75M redeemable preferred shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/878932/000171254325000018/0001712543-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/878932/000171254325000018/f8k_equus4112025.htm
  HTML page:      https://secwatch.observer/filing/0001712543-25-000018

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