{"schema_version":"secwatch.filing_event.v1","accession":"0001712543-25-000036","form_type":"8-K","ticker":"EQS","cik":"0000878932","company_name":"EQUUS TOTAL RETURN, INC.","filed_at":"2025-05-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.558299+00:00","generated_at":"2026-05-21T02:36:54.217256+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Equus Total Return reports Q1 NAV of $2.52 per share, up from $2.17 at year-end 2024","bullets":["Net assets $34.2M as of March 31, 2025; NAV per share $2.52 vs. $2.17 at Dec 31, 2024 (16% increase).","Fair value of Morgan E&P increased $1.0M to $14.0M on higher oil forward curve.","Purchased $1.5M GEVI convertible note (10%, convertible at $0.40) and warrant; aggregate value $5.8M at quarter end.","Funded GEVI investment by issuing $2.0M Equus convertible note (10%, convertible at $1.50) and warrants; shareholder vote sought.","Shares outstanding unchanged at 13,586 for all periods shown."],"urls":{"canonical":"https://secwatch.observer/filing/0001712543-25-000036","json":"https://secwatch.observer/filing/0001712543-25-000036.json","markdown":"https://secwatch.observer/filing/0001712543-25-000036.md","text":"https://secwatch.observer/filing/0001712543-25-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/878932/000171254325000036/0001712543-25-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/878932/000171254325000036/f8k_equus05192025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T02:36:54.217256+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}