GLADSTONE CAPITAL CONFIRMS NASDAQ REGISTRATION FOR STOCK & NOTES
Ticker: GLAD · Form: 8-K · Filed: Jan 24, 2024 · CIK: 1143513
| Field | Detail |
|---|---|
| Company | Gladstone Capital Corp (GLAD) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, security-registration, corporate-governance
TL;DR
**GLAD confirms its stock and 7.75% notes are still listed on Nasdaq.**
AI Summary
Gladstone Capital Corporation (GLAD) filed an 8-K on January 24, 2024, to update its registered securities. The filing confirms that both its Common Stock (GLAD) and its 7.75% notes due 2028 (GLADZ) are registered on The Nasdaq Stock Market LLC. This matters to investors because it reaffirms the company's compliance and the continued liquidity and transparency of its publicly traded securities, ensuring they can be bought and sold on a major exchange.
Why It Matters
This filing confirms the continued listing of Gladstone Capital's common stock and notes on Nasdaq, ensuring market access and transparency for investors.
Risk Assessment
Risk Level: low — This filing is a routine update confirming existing security registrations and does not introduce new risks.
Analyst Insight
Investors should note this routine filing confirms the continued listing of GLAD's securities, reinforcing market access and transparency, but it doesn't signal any new operational or financial developments requiring immediate action.
Key Numbers
- 7.75% — Interest rate (for the notes due 2028)
- 2028 — Maturity year (for the 7.75% notes)
Key Players & Entities
- Gladstone Capital Corporation (company) — the registrant filing the 8-K
- The Nasdaq Stock Market LLC (company) — the exchange where GLAD's securities are registered
- January 24, 2024 (date) — date of earliest event reported and filing date
- GLAD (company) — trading symbol for Common Stock
- GLADZ (company) — trading symbol for 7.75% notes due 2028
- 7.75% (dollar_amount) — interest rate of the notes
- 2028 (date) — maturity year of the notes
FAQ
What is the purpose of this 8-K filing by Gladstone Capital Corporation?
The 8-K filing by Gladstone Capital Corporation on January 24, 2024, is a 'Submission of Matters to a Vote of Security Holders' and serves to report current events, specifically confirming the registration of its securities pursuant to Section 12(b) of the Securities Exchange Act of 1934.
Which specific securities of Gladstone Capital Corporation are mentioned in this filing?
The filing specifically mentions two classes of securities: 'Common Stock, $0.001 par value per share' with trading symbol GLAD, and '7.75% notes due 2028' with trading symbol GLADZ.
On which exchange are Gladstone Capital Corporation's securities registered?
Both the Common Stock (GLAD) and the 7.75% notes due 2028 (GLADZ) of Gladstone Capital Corporation are registered on The Nasdaq Stock Market LLC.
What is the earliest event reported date for this 8-K filing?
The Date of Report (Date of earliest event reported) for this 8-K filing is January 24, 2024.
What is the business address and phone number of Gladstone Capital Corporation as listed in the filing?
Gladstone Capital Corporation's business address is 1521 Westbranch Drive, Suite 100, McLean, Virginia, 22102, and its telephone number is (703) 287-5800.
Filing Stats: 942 words · 4 min read · ~3 pages · Grade level 16.7 · Accepted 2024-01-24 16:08:56
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share GLAD The Nasdaq
Filing Documents
- d706732d8k.htm (8-K) — 31KB
- 0001193125-24-014225.txt ( ) — 186KB
- glad-20240124.xsd (EX-101.SCH) — 4KB
- glad-20240124_def.xml (EX-101.DEF) — 13KB
- glad-20240124_lab.xml (EX-101.LAB) — 22KB
- glad-20240124_pre.xml (EX-101.PRE) — 14KB
- d706732d8k_htm.xml (XML) — 5KB
07
Item 5.07. Submission of Matters to a Vote of Security Holders. On January 24, 2024, Gladstone Capital Corporation (the "Company") reconvened its Special Meeting of Stockholders (the "Special Meeting") that was previously adjourned on December 11, 2023 and January 4, 2024. The Company's stockholders voted and approved the proposal presented at the Special Meeting, which is described in detail in the Company's Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on October 25, 2023. The matter considered and voted on by the Company's stockholders at the Special Meeting (the "Proposal") and the vote of the stockholders were as follows: 1. To approve a new investment advisory agreement between the Company and Gladstone Management Corporation, the Company's investment adviser: For Against Abstain 20,766,320 886,628 1,114,532 The Proposal is the result of an anticipated change in control of Gladstone Management Corporation (the "Adviser"). From inception, the Adviser has been 100% indirectly owned and controlled by David Gladstone. David Gladstone owns 100% of the voting and economic interests of The Gladstone Companies, Ltd., which in turn owns 100% of the voting and economic interests of The Gladstone Companies, Inc., which in turn owns 100% of the voting and economic interests of the Adviser. Immediately after approval of the Proposal the Adviser will enter into a voting trust agreement (the "Voting Trust Agreement"), among David Gladstone, Lorna Gladstone, Laura Gladstone, Kent Gladstone and Jessica Martin, each as a trustee and collectively, as the board of trustees of the voting trust (the "Voting Trust Board"), the Adviser and certain stockholders of the Adviser, pursuant to which David Gladstone will deposit all of his indirect interests in the Adviser, which represented 100% of the voting and economic interests thereof, with the voting trust. Pursuant to the Voting Trust Agreement, prior to
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GLADSTONE CAPITAL CORPORATION (Registrant) By: /s/ Nicole Schaltenbrand Nicole Schaltenbrand January 24, 2024 Chief Financial Officer and Treasurer