Rand Capital Corp. 2024 10-K: Investments & Dividends
Ticker: RAND · Form: 10-K · Filed: Mar 10, 2025 · CIK: 81955
| Field | Detail |
|---|---|
| Company | Rand Capital Corp (RAND) |
| Form Type | 10-K |
| Filed Date | Mar 10, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, investments, debt, dividends
TL;DR
Rand Capital's 2024 10-K shows $6.1M note w/ Seybert's Billiards & $1.5M note w/ ITA Acquisition. Dividends paid.
AI Summary
Rand Capital Corp. filed its 2024 10-K on March 10, 2025, reporting on its fiscal year ending December 31, 2024. The company's investments include a $6,099,131 note with Seybert's Billiards Corporation and a $1,500,000 note with ITA Acquisition, LLC. Rand Capital Corp. also paid dividends on December 5, 2024, and June 14, 2024.
Why It Matters
This filing provides insight into Rand Capital Corp.'s investment portfolio and financial activities for the fiscal year 2024, including significant notes and dividend payments.
Risk Assessment
Risk Level: medium — The company's performance is tied to the success of its investments, which carry inherent market and credit risks.
Key Numbers
- $6,099,131 — Seybert's Billiards Corporation Note (Significant investment holding)
- $1,500,000 — ITA Acquisition, LLC Note (Significant investment holding)
Key Players & Entities
- RAND CAPITAL CORP (company) — Filer
- Seybert’s Billiards Corporation (company) — Investee
- $6,099,131 (dollar_amount) — Note to Seybert's Billiards Corporation
- ITA Acquisition, LLC (company) — Investee
- $1,500,000 (dollar_amount) — Note to ITA Acquisition, LLC
- 2024-12-31 (date) — Fiscal Year End
- 2025-03-10 (date) — Filing Date
FAQ
What was Rand Capital Corp.'s total investment portfolio value as of December 31, 2024?
The provided text does not explicitly state the total investment portfolio value, but it details specific notes like Seybert's Billiards Corporation ($6,099,131) and ITA Acquisition, LLC ($1,500,000).
What is the interest rate on the Third Amended and Restated Term Note with Seybert's Billiards Corporation?
The filing mentions a 'Third Amended and Restated Term Note at 12%' related to Seybert's Billiards Corporation, implying a 12% interest rate.
What is the interest rate and PIK component for the ITA Acquisition, LLC Term Note?
The ITA Acquisition, LLC Term Note is at 3% interest plus an 11% PIK (Payment-In-Kind) component, maturing through December 31, 2024.
When did Rand Capital Corp. file its 2024 10-K report?
Rand Capital Corp. filed its 2024 10-K report on March 10, 2025.
What were the dates of the dividend payments mentioned in the filing?
The filing mentions dividend payments on December 5, 2024 (O2024Q4RegularDividendsMember) and June 14, 2024 (O2024Q2DividendsMember).
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 10, 2025 regarding RAND CAPITAL CORP (RAND).