secwatch.observer — SEC 8-K summary
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Issuer:     EQUUS TOTAL RETURN, INC. (EQS)
CIK:        0000878932
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0001712543-25-000036
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equus Total Return reports Q1 NAV of $2.52 per share, up from $2.17 at year-end 2024
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/878932/000171254325000036/0001712543-25-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/878932/000171254325000036/f8k_equus05192025.htm
  HTML page:      https://secwatch.observer/filing/0001712543-25-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer