Bankruptcy: RAND CAPITAL CORP

Form Type: 8-K

Filing Date: 2025-05-30

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000164117225012952

Filing Summary: On May 29, 2025, Rand Capital Corporation was notified that Tilson Technology Management, Inc. and its wholly-owned subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware. Rand Capital holds several classes of preferred stock in Tilson Technology, amounting to a total investment cost of $2,850,015 with a fair value of $9,500,000 as of March 31, 2025. This investment constitutes approximately 14.6% of Rand Capital's net assets and 15.3% of their total investments at fair value as of the same date. The company is monitoring the bankruptcy proceedings closely and assessing their potential impact on its investment in Tilson Technology.