OXLC News & Events

Oxford Lane Capital has priced an underwritten public offering of 2,400,000 shares of its newly designated 8.25% Series 2031 Term Preferred Shares at a public offering price of $25 per share, raising $60,000,000 in gross proceeds. The Company has also granted the underwriters a 30-day option to purchase up to 360,000 additional shares of Preferred Stock on the same terms and conditions to cover over-allotments, if any. The closing of the transaction is subject to customary closing conditions, and the shares are expected to be delivered on March 20, 2026. The Company has applied to list the Preferred Stock on the NASDAQ Global Select Market and expects trading to commence thereon within 30 days after March 20, 2026. The Company expects to use the net proceeds from this offering to repay outstanding indebtedness and/or for general working capital purposes. Lucid Capital Markets and Piper Sandler & Co. are acting as joint book-running managers for the offering, Clear Street, InspereX and William Blair & Company are acting as lead managers for the offering and Wedbush Securities Inc. is acting as co-manager for the offering.

Oxford Lane Capital Corp. plans to offer shares of its newly designated Series 2031 Term Preferred Shares in an underwritten public offering. The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of Preferred Stock on the same terms and conditions to cover over-allotments, if any. The Preferred Stock is expected to be listed on the NASDAQ Global Select Market and to trade thereon within 30 days of the original issue date. The Company expects to use the net proceeds from this offering to repay outstanding indebtedness and/or for general working capital purposes. Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering and Clear Street LLC, InspereX LLC and William Blair & Company, L.L.C. are acting as lead managers for the offering.

Management's unaudited estimate of the range of the NAV per share of our common stock as of January 31, 2026, is between $13.48 and $13.78. This estimate is not a comprehensive statement of our financial condition or results for the month ended January 31, 2026. This estimate did not undergo the Company's typical quarter-end financial closing procedures and was not approved by the Company's board of directors. We advise you that our NAV per share for the quarter ending March 31, 2026 may differ materially from this estimate, which is given only as of January 31, 2026. As of January 31, 2026, the Company had approximately 97.6 million shares of common stock issued and outstanding.