SEC Filing Summary: Technology Investment Capital Corp.
Business Context and Reporting Period
This Form 8-K was filed on October 5, 2004, reporting events occurring on October 4, 2004. The registrant, Technology Investment Capital Corp., is a Maryland corporation engaged in technology investments. The filing discloses a specific investment transaction rather than periodic financial results.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, margins, or debt levels for Technology Investment Capital Corp. The only specific financial data disclosed relates to a single transaction:
- Total Transaction Value: $13 million
- Senior Notes: $10 million
- Preferred and Common Stock: $3 million
Material Changes
The material event reported is the completion of a $13 million investment in 3001, Inc., a provider of geospatial information solutions. This investment supports a recapitalization of 3001, Inc. led by company management and CM Equity Partners. No comparative financial data or changes in prior period metrics are provided in this document.
Outlook, Risks, and Management Commentary
Management commentary is limited to the announcement of the completed transaction. The filing does not contain forward-looking guidance, specific risk factors, or contingencies beyond the standard disclosure of the investment structure. The transaction involves a mix of debt (senior notes) and equity (preferred and common stock).
Key Facts for Investor Verification
- Verify the terms and covenants of the $10 million senior notes issued to 3001, Inc.
- Confirm the valuation and rights associated with the $3 million equity stake in 3001, Inc.
- Review the full text of the press release (Exhibit 99.1) for details on the recapitalization structure.
- Check subsequent filings for the impact of this transaction on the company's overall portfolio and liquidity.