M&A - EQUUS TOTAL RETURN, INC.

Form Type: 8-K

Filing Date: 2025-03-10

Corporate Action: Acquisition

Type: New

Accession Number: 000171254325000012

Filing Summary: On March 4, 2025, Equus Total Return, Inc. completed the sale of its equity interest in Equus Energy, LLC to North American Energy Opportunities Corp. (NAEOC). The acquisition involved consideration of $1.25 million in cash and 27,500 shares of preferred stock, which are redeemable within 6 months at a price of $100.00 per share, subject to certain conditions. Equus Energy was formed in 2011 as a wholly-owned subsidiary focusing on investments in income-producing oil and gas properties. As of December 31, 2024, the subsidiary's portfolio included 136 wells across Texas and Oklahoma, with various working interests and associated development rights covering approximately 21,520 acres across 9 properties.

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