secwatch.observer — SEC 8-K summary
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Issuer:     EQUUS TOTAL RETURN, INC. (EQS)
CIK:        0000878932
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001712543-26-000026
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 reports Q4 2025 NAV of $1.19/share, down 37% from Q3
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- Net assets $16.6M as of Dec 31, 2025, down from $26.5M at Sep 30, 2025.
- NAV per share fell to $1.19 from $1.90, a 37% decrease.
- Fair value of Morgan E&P decreased by $12.35M due to lower oil forward curve and reserve elimination.
- Fair value of CitroTech holdings increased $1.6M to $6.8M; CITR shares traded at $8.08 as of Dec 31.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/878932/000171254326000026/0001712543-26-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/878932/000171254326000026/f8k_equus4222026.htm
  HTML page:      https://secwatch.observer/filing/0001712543-26-000026

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