Oxford Lane Capital Navigates Post-Consolidation Landscape

Oxford Lane Capital Corp. has entered a significant new chapter following a major corporate action that has reshaped its equity structure. The business development company recently implemented a reverse stock split and concurrently provided shareholders with crucial updates regarding its net asset value and distribution policy—developments that are now fundamentally influencing the investment vehicle’s market perception.

In a move that dramatically altered its share count, Oxford Lane Capital executed a 1-for-5 reverse stock split. This corporate action took effect after market close on September 5, with shares commencing trading on a split-adjusted basis when markets reopened on September 8.

The consolidation merged every five pre-split shares into a single new share. While the company’s shares continue to trade... Read more...