RAND CAPITAL CORP Files Routine 8-K on Jan 24 Event

TL;DR

**RAND CAPITAL CORP filed a routine 8-K, no major news.**

AI Summary

RAND CAPITAL CORPORATION filed an 8-K on January 29, 2024, reporting an "Other Event" that occurred on January 24, 2024. This filing is a routine disclosure, indicating no major financial or operational changes, but rather a standard update to their public record. For investors, this means there's no immediate new information impacting the stock, suggesting business as usual for RAND CAPITAL CORPORATION.

Why It Matters

This filing is a standard disclosure, indicating no significant new developments for RAND CAPITAL CORPORATION. It suggests operational stability and adherence to regulatory requirements.

Risk Assessment

Risk Level: low — The filing is for an 'Other Event' and contains no specific details that would indicate a change in the company's financial or operational risk profile.

Analyst Insight

A smart investor would note this routine filing and understand that it doesn't present new material information requiring immediate action. Further due diligence would involve checking for subsequent filings or press releases that might elaborate on the 'Other Event' if it were significant.

Key Players & Entities

• RAND CAPITAL CORPORATION (company) — the registrant filing the 8-K
• January 24, 2024 (date) — date of the earliest event reported
• January 29, 2024 (date) — date the 8-K was filed
• Nasdaq Capital Market (company) — exchange where RAND's common stock is registered

FAQ

Key Financial Figures

• $0.10 — nge on which registered Common Stock, $0.10 par value RAND Nasdaq Capital Mark

Filing Documents

• form8-k.htm (8-K) — 34KB
• 0001493152-24-004152.txt ( ) — 200KB
• rand-20240124.xsd (EX-101.SCH) — 3KB
• rand-20240124_lab.xml (EX-101.LAB) — 33KB
• rand-20240124_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. On March 23, 2018, the Consolidated Appropriations Act of 2018, which included the Small Business Credit Availability Act (the "Act"), was signed into law. The Act amended the Investment Company Act of 1940, as amended (the "1940 Act") to permit a business development company (a "BDC") to reduce the required minimum asset coverage ratio applicable to it from 200% to 150%, subject to certain requirements described therein. On January 24, 2024, the board of directors (the "Board") of Rand Capital Corporation (the "Company"), including a "required majority" (as such term is defined in Section 57(o) of the 1940 Act) of the Board, approved the application of the modified asset coverage requirements set forth in Section 61(a)(2) of the 1940 Act, as amended by the Act. As a result, the Company's asset coverage requirements for senior securities will automatically be changed from 200% to 150%, effective January 24, 2025.

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. RAND CAPITAL CORPORATION Date: January 29, 2024 By: /s/ Daniel P. Penberthy Name: Daniel P. Penberthy Title: President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR