Oxford Lane Capital’s Post-Consolidation Valuation Unveils Surprising Figures

Oxford Lane Capital Corp. finds itself in a significant transitional period following a major corporate action. The business development company has released its initial, unaudited net asset value projection after executing a substantial reverse stock split, presenting shareholders with unexpected preliminary results.

In a decisive move to reconfigure its equity structure, Oxford Lane Capital implemented a 1-for-5 reverse stock split effective September 5th. This corporate action consolidated every five pre-split shares into a single new share. Trading under this new capital structure began on Monday, September 8th, on the Nasdaq exchange. The company simultaneously adjusted its regular monthly distributions to align with the consolidated share count.

Preliminary Valuation Assessment

Management has provided the investment community with its... Read more...