Equus Total Return receives NYSE non-compliance notice for share price below $1.00

EQUUS TOTAL RETURN, INC.

NYSE notified Equus on May 15, 2025 that average closing price of common stock was below $1.00 over 30 trading days.
Company has until May 25, 2025 to notify NYSE of intent to cure; six-month cure period available.
Intends to consider a reverse stock split; authorization proposed at annual meeting scheduled for June 26, 2025.
Notice does not cause immediate delisting; shares continue to trade on NYSE under existing conditions.
Company states the deficiency is not expected to impact business operations or SEC reporting obligations.

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