SEC Filing Summary: Technology Investment Capital Corp.
Business Context and Reporting Period
This Form 8-K was filed by Technology Investment Capital Corp. (TICC) on September 6, 2005. The report details two significant investment transactions completed on the same date. Note: The request metadata references "Oxford Square Capital Corp.," but the filing text explicitly identifies the registrant as Technology Investment Capital Corp.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period. The only specific financial figures disclosed relate to the new investments:
- Total New Investment: $30 million
- Investment 1: $15 million in senior secured notes with warrants in StayOnline Inc.
- Investment 2: $15 million in senior secured notes in NetQuote Inc.
Material Changes
The material change reported is the deployment of capital into two new portfolio companies:
- StayOnline Inc.: An internet service provider offering wireless high-speed access for the hospitality and lodging industry.
- NetQuote Inc.: A web-based platform connecting insurance agents and companies with consumers seeking insurance policies. This investment supports the acquisition of NetQuote by Spectrum Equity Investors and Stripes Group.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors beyond the inherent nature of the investments. The document serves strictly as a notification of the completed transactions.
Investor Verification Checklist
- Verify the exact terms of the senior secured notes and warrants issued to TICC in the StayOnline Inc. transaction.
- Confirm the structure of the NetQuote Inc. acquisition by Spectrum Equity Investors and Stripes Group.
- Review the full text of the press releases included as Exhibit 99.1 and Exhibit 99.2 for additional deal specifics.
- Check subsequent filings for the impact of these $30 million outflows on TICC's overall liquidity and leverage ratios.