Withdraw the company's BDC election
Not delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 21 Jan 2021
- Due
- 31 Aug 2021
- Checked
- 25 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“withdraw the Company’s BDC authorization on or prior to August 31, 2021 as part of a potential strategic transformation of Equus into an operating company”
What we found
Evidence strength A What the grades mean
The company did not withdraw its BDC election by the August 31, 2021 deadline; filings indicate the withdrawal was contingent on a definitive agreement that was not reached.
-
A Equus Total Return, Inc. 10-Q filed 2021-11-15
“Notwithstanding any such authorization to withdraw our BDC election, we will not submit any such withdrawal unless and until Equus has entered into a definitive agreement to effect a transformative transaction.” ✓ confirmed on the page
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A Equus Total Return, Inc. 10-K filed 2022-03-30
“On August 17, 2021, holders of a majority of the outstanding common stock of the Fund approved our cessation as a BDC” ✓ confirmed on the page
Market reaction: the shares moved -3.1% against the S&P 500 over the three sessions around the disclosure (12 Nov 2021 to 17 Nov 2021). What this measures
Checked 25 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Regulatory other
- Indicative materiality
- Medium rules
- Action
- Withdraw
- Deliverable
- Withdrawal of BDC election
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: unless and until Equus has entered into a definitive agreement to acquire an operating company
- Depends on
- Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
- Third check on a negative finding: agreesBecause a negative finding could harm a company if wrong, a stronger model re-read the evidence fully blind and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-EQS-022292 · Corrections policy