FS Credit Opportunities Corp. Common Stock Lists on NYSE as 'FSCO'
Ticker: FSCO · Form: 8-K · Filed: Jan 30, 2024 · CIK: 1568194
| Field | Detail |
|---|---|
| Company | Fs Credit Opportunities Corp. (FSCO) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: stock-listing, exchange-listing, corporate-action
TL;DR
**FSCO just listed on the NYSE, expect more eyes and potentially more trading action!**
AI Summary
FS Credit Opportunities Corp. (FSCO) filed an 8-K on January 30, 2024, to announce that its common stock, with a par value of $0.001 per share, is now registered and trading on the New York Stock Exchange under the ticker symbol 'FSCO'. This move from an unlisted or over-the-counter market to a major exchange like the NYSE typically increases visibility and liquidity, which could make the stock more attractive to a broader range of investors and potentially impact its valuation positively.
Why It Matters
Listing on the New York Stock Exchange can enhance a company's public profile, attract more institutional investors, and potentially lead to a more stable and liquid trading environment for its shares.
Risk Assessment
Risk Level: low — This filing primarily concerns a stock exchange listing, which is generally a positive or neutral event with low inherent risk.
Analyst Insight
A smart investor would monitor FSCO's trading volume and price action in the coming weeks to see if the NYSE listing generates the expected increase in liquidity and investor interest, potentially indicating a good entry point.
Key Numbers
- $0.001 — par value per share (This is the stated par value of FS Credit Opportunities Corp.'s common stock.)
Key Players & Entities
- FS Credit Opportunities Corp. (company) — the registrant whose common stock is now listed on the NYSE
- New York Stock Exchange (company) — the exchange where FSCO's common stock is now registered
- $0.001 (dollar_amount) — par value per share of common stock
- January 30, 2024 (date) — date of the earliest event reported in the 8-K filing
- FSCO (company) — the trading symbol for FS Credit Opportunities Corp. on the NYSE
Forward-Looking Statements
- FSCO's stock liquidity will increase due to its NYSE listing. (FS Credit Opportunities Corp.) — medium confidence, target: 2024-07-30
- FSCO will see increased institutional investor interest. (FS Credit Opportunities Corp.) — medium confidence, target: 2025-01-30
FAQ
What is the primary event reported in this 8-K filing by FS Credit Opportunities Corp.?
The primary event reported is the listing of FS Credit Opportunities Corp.'s common stock on the New York Stock Exchange, effective January 30, 2024, under the trading symbol 'FSCO'.
What is the trading symbol for FS Credit Opportunities Corp. on the New York Stock Exchange?
The trading symbol for FS Credit Opportunities Corp. on the New York Stock Exchange is 'FSCO', as stated in the filing under 'Title of each class' and 'Trading Symbol(s)'.
What is the par value per share of the common stock mentioned in the filing?
The par value per share of the common stock is $0.001, as specified in the filing under 'Common Stock, $0.001 par value per share'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 30, 2024, as indicated by 'Date of Report (Date of earliest event reported): January 30, 2024'.
What is the state of incorporation for FS Credit Opportunities Corp.?
FS Credit Opportunities Corp. is incorporated in Maryland, as stated in the filing under 'State or other jurisdiction of incorporation: Maryland'.
Filing Stats: 692 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-01-30 16:23:01
Key Financial Figures
- $0.001 — ge on which registered Common Stock, $0.001 par value per share FSCO New York S
Filing Documents
- tm244555d1_8k.htm (8-K) — 30KB
- tm244555d1_ex99-1.htm (EX-99.1) — 7KB
- 0001104659-24-008260.txt ( ) — 208KB
- fsco-20240130.xsd (EX-101.SCH) — 3KB
- fsco-20240130_lab.xml (EX-101.LAB) — 33KB
- fsco-20240130_pre.xml (EX-101.PRE) — 22KB
- tm244555d1_8k_htm.xml (XML) — 3KB
02
Item 2.02. Results of Operations and Financial Condition. On January 30, 2024, FS Credit Opportunities Corp. (the "Company") announced that it will host a conference call at 9:00 a.m. (Eastern Time) on Friday, March 1, 2024, to discuss its fourth quarter results. A copy of the press release announcing the conference call is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01
Item 7.01. Regulation FD Disclosure. The Company will make available within the "Investor relations" section of the Company's website ( www.fsinvestments.com/fs-credit-opportunities-corp/ ) a presentation containing financial and operating information after the market close on Thursday, February 29, 2024. Except as may be required by federal securities laws, the Company undertakes no duty or obligation to update or revise the information contained in the presentations.
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K may contain certain forward-looking statements, including statements with regard to future events or the future performance or operation of the Company. Words such as "believes," "expects," "projects" and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking with possible disruption in the Company's operations or the economy generally due to terrorism, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in the Company's operating area, and the price at which shares of common stock may trade on the New York Stock Exchange. Some of these factors are enumerated in the filings the Company makes with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. EXHIBIT NUMBER DESCRIPTION 99.1 Press Release, dated January 30, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FS Credit Opportunities Corp. Date: January 30, 2024 By: /s/ Stephen Sypherd Stephen Sypherd General Counsel EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION 99.1 Press Release, dated January 30, 2024.