Oxford Square Capital Corp. Announces Transferable Rights Offering - Seite 2
IMPORTANT DATES* | |||
Record Date | May 23, 2023 | ||
Subscription Period | from May 24 to June 14, 2023 | ||
Rights expected to begin trading on NASDAQ | May 26, 2023 | ||
Last day it is expected that rights can be traded | June 13, 2023 | ||
Expiration Date | June 14, 2023 at 5:00 p.m. New York City Time | ||
Deadline for Delivery of Subscription Certificates and Payment for Shares | June 14, 2023 at 5:00 p.m. New York City Time | ||
Deadline for Delivery of Notice of Guaranteed Delivery | June 14, 2023 at 5:00 p.m. New York City Time | ||
Confirmations Mailed to Participants | June 21, 2023 | ||
Final Payment Date** | June 28, 2023 | ||
* All end dates subject to extension if the Company extends the Expiration Date.
** Any additional amount due (in the event the subscription price exceeds the estimated subscription price)
The Company intends to use the net proceeds from the sale of shares of its common stock pursuant to the exercise of rights issued in this offering primarily (i) to repay outstanding indebtedness, (ii) to fund investments in debt securities and CLO investments in accordance with the Company’s investment objective and (iii) for general corporate purposes.
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The offering will be made only by means of a prospectus supplement and accompanying prospectus, which, along with exercise instructions, is expected to be mailed to shareholders on or about May 23, 2023. The definitive terms of the offer, including the estimated subscription price, will be contained in the Company’s prospectus supplement for the offering.