Business Context and Reporting Period
This Form 8-K was filed by Technology Investment Capital Corp. (TICC) on January 18, 2005. The report discloses a specific corporate event under Item 8.01 (Other Events) regarding a new investment made on the date of the report.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, or debt levels for the reporting period. The only specific financial metric disclosed is a single transaction value:
- Investment Amount: $15 million
- Investment Type: Senior secured note
- Counterparty: WinZip Computing, Inc.
Material Changes
The material change reported is the completion of a $15 million investment in a senior secured note issued by WinZip Computing, Inc. This investment supports Vector Capital's acquisition of WinZip, a leading Windows utility software company specializing in file compression. No comparative data against prior periods is provided in this filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific risk factors beyond the nature of the investment itself. The transaction is described as supporting a venture capital acquisition by Vector Capital.
Key Facts for Investor Verification
- Verify the terms and interest rate of the $15 million senior secured note issued by WinZip Computing, Inc.
- Confirm the status of Vector Capital's acquisition of WinZip Computing, Inc.
- Review TICC's subsequent quarterly reports to assess the impact of this investment on the company's overall portfolio and liquidity.