Filing Analysis
Oxford Square Capital Corp. dismissed PricewaterhouseCoopers LLP (PwC) as its independent registered public accounting firm and appointed Ernst & Young LLP (EY) on May 26, 2026.
📋 Key Facts
- Dismissal of PwC and engagement of EY occurred on May 26, 2026.
- The change was approved by the Board of Directors based on the audit committee's recommendation.
- PwC's audit reports for fiscal years 2024 and 2025 contained no adverse opinions, disclaimers, or qualifications.
- The company explicitly states there were no disagreements with PwC regarding accounting principles, practices, or auditing scope.
- No 'reportable events' as defined by Item 304(a)(1)(v) of Regulation S-K occurred during the transition period.
Oxford Square Capital Corp. (OXSQ) tripled its authorized common stock from 100 million to 300 million shares via an Articles of Amendment filed on May 8, 2026. This significant increase in authorized capital provides the company with substantial capacity for future equity issuances.
🚩 Red Flags
- A 200% increase in authorized shares is a strong indicator of potential massive future shareholder dilution.
- Business Development Companies (BDCs) frequently use increased share capacity to raise capital, which can be dilutive to existing shareholders if shares are issued below Net Asset Value (NAV).
📋 Key Facts
- Articles of Amendment filed with the Maryland State Department of Assessments and Taxation on May 8, 2026.
- Authorized shares of common stock increased from 100,000,000 to 300,000,000.
- The par value of the common stock remains $0.01 per share.
- The amendment became effective immediately upon filing.
Oxford Square Capital Corp. entered into an amendment to its existing equity distribution agreement to continue its at-the-market (ATM) offering program. This allows the company to sell common stock through sales agents Lucid Capital Markets and Ladenburg Thalmann under a new shelf registration statement.
🚩 Red Flags
- Potential for shareholder dilution through the at-the-market equity offering program.
📋 Key Facts
- Entered into Amendment No. 1 to the Amended and Restated Equity Distribution Agreement on May 5, 2026.
- The agreement involves sales agents Lucid Capital Markets, LLC and Ladenburg Thalmann & Co. Inc.
- The offering is conducted under a shelf registration statement on Form N-2 (Registration No. 333-290511).
- The amendment facilitates the continued sale of common stock, par value $0.01 per share.
Oxford Square Capital Corp. announced its financial results for the first quarter ended March 31, 2026, and declared monthly distributions for July, August, and September 2026.
📋 Key Facts
- Announced Q1 2026 financial results on April 29, 2026.
- Declared monthly distributions for the months ending July 31, August 31, and September 30, 2026.
- Supplemental investor information was made available on the company's website.
- The filing includes Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
Oxford Square Capital Corp. announced its financial results for the fourth quarter and fiscal year ended December 31, 2025, and declared monthly distributions for the second quarter of 2026.
📋 Key Facts
- Financial results for Q4 and FY 2025 were released on March 3, 2026.
- Monthly distributions were declared for April 30, May 31, and June 30, 2026.
- Supplemental investor information was made available on the company's website.
- The filing contains disclosures under Item 2.02 and Item 7.01.