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

From the Filing

0001493152-24-004152.txt : 20240129 0001493152-24-004152.hdr.sgml : 20240129 20240129161515 ACCESSION NUMBER: 0001493152-24-004152 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240124 ITEM INFORMATION: Other Events FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RAND CAPITAL CORP CENTRAL INDEX KEY: 0000081955 ORGANIZATION NAME: IRS NUMBER: 160961359 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 814-00235 FILM NUMBER: 24573831 BUSINESS ADDRESS: STREET 1: 1405 RAND BUILDING CITY: BUFFALO STATE: NY ZIP: 14203 BUSINESS PHONE: 7168530802 MAIL ADDRESS: STREET 1: 1405 RAND BUILDING CITY: BUFFALO STATE: NY ZIP: 14203 8-K 1 form8-k.htm false 0000081955 0000081955 2024-01-24 2024-01-24 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of report (Date of earliest event reported): January 24, 2024   RAND CAPITAL CORPORATION (Exact Name of Registrant as Specified in Its Charter)   New York   814-00235   16-0961359 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification Number)   1405 Rand Building , Buffalo , NY 14203 (Address of Principal Executive Offices) (Zip Code)   (716) 853-0802 (Registrant’s Telephone Number, Including Area Code)   Not Applicable (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)         ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)         ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))         ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.10 par value   RAND   Nasdaq Capital Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐             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 asse