OXFORD SQUARE CAPITAL CORP. : Other Events (form 8-K)

Item 8.01. Other Events.

On June 21, 2023, Oxford Square Capital Corp. (the "Company") announced the final results of its transferable rights offering, which entitled holders of rights to purchase one new share of common stock for every one right held at a subscription price of $2.66 per share. The offering expired on June 14, 2023 at 5:00 p.m., New York City time.

In total, the Company sold approximately 6.45 million shares of its common stock for aggregate gross proceeds of approximately $17.16 million.

The Company intends to use the net proceeds from the offering primarily to (i) to repay outstanding indebtedness, (ii) to fund investments in debt securities and CLO investments in accordance with our investment objective and (iii) for general corporate purposes. The Company intends to partially repay the 6.50% Notes due 2024 with the net proceeds of this offering.

Ladenburg Thalmann & Co. Inc. acted as dealer managers for the offering.

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