Charles M. Royce - 14 Jun 2023 Form 4 Insider Report for Oxford Square Capital Corp. (OXSQ)

Role: Director
Signature: /s/ Charles M. Royce
Issuer symbol: OXSQ
Transactions as of: 14 Jun 2023
Net transactions value: +$1,583,442
Form type: 4
Filing time: 07 Jul 2023, 12:44:49 UTC
Previous filing: 03 Apr 2023
Next filing: 03 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OXSQ	Common Stock, par value $0.01 per share	Exercise of in-the-money or at-the-money derivative security	$1,322,573	+497,208	+40%	$2.66	1,727,510	14 Jun 2023	Held by Royce Family Investments, LLC
transaction	OXSQ	Common Stock, par value $0.01 per share	Exercise of in-the-money or at-the-money derivative security	$260,869	+98,071	+33%	$2.66	392,285	14 Jun 2023	Held by Royce Family Fund, Inc.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OXSQ	Transferable Subscription Rights (right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-497,208	-100%	$0.000000^*	0	14 Jun 2023	Common stock	497,208	$2.66	Held by Royce Family Investments, LLC	F1, F2
transaction	OXSQ	Transferable Subscription Rights (right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-98,071	-100%	$0.000000^*	0	14 Jun 2023	Common Stock	98,071	$2.66	Held by Royce Family Fund, Inc.	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 10, 2023, Oxford Square Capital Corp. (the "Company") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Company's common shares, as of the record date of May 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 16,633,723 of the Company's common shares. Record Date Shareholders received one Right for every three common shares held on the record date. The Rights entitle their holders to purchase one new common share for every one Right held. The subscription price per common share is $2.66 (the "basic subscription privilege"). The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on June 14, 2023.
F2	The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase at a price of $2.66 per common share additional common shares of the Company, subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. Includes approximately 87,108 shares issued pursuant to the over-subscription privilege in connection with the Rights Offering. The amount of shares issued pursuant to such over-subscription privilege to each exercising rights holder was determined on June 22, 2023.

Content

On May 10, 2023, Oxford Square Capital Corp. (the "Company") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Company's common shares, as of the record date of May 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 16,633,723 of the Company's common shares. Record Date Shareholders received one Right for every three common shares held on the record date. The Rights entitle their holders to purchase one new common share for every one Right held. The subscription price per common share is $2.66 (the "basic subscription privilege"). The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on June 14, 2023.

The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase at a price of $2.66 per common share additional common shares of the Company, subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. Includes approximately 87,108 shares issued pursuant to the over-subscription privilege in connection with the Rights Offering. The amount of shares issued pursuant to such over-subscription privilege to each exercising rights holder was determined on June 22, 2023.