Rand Capital Receives $13.1 Million from Sale of SciAps, Inc.
Rand Capital Corporation - Closed End Fund (RAND)
US:NASDAQ Investor Relations:
ir.randcapital.com
Company Research
Source: Business Wire
BUFFALO, N.Y.--(BUSINESS WIRE)--Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, today announced the successful completion of the previously reported acquisition of its portfolio company, SciAps, Inc., by Spectris plc (LSE: SXS). The transaction closed on August 21, 2024, and yielded total proceeds for Rand at the closing of $13.1 million, exceeding the June 30, 2024 valuation for Rand’s equity and debt investments in SciAps of $10.8 million.The proceeds from the sale payable at closing to Rand consisted of $2.1 million in debt repayment, $165,000 in interest income and loan-related fees, and $10.8 million in equity return. These totals also reflect $244,000 held in transaction-related escrows.“The sale of SciAps has delivered a substantial return on our initial 2013 investment,” stated Daniel P. Penberthy, President and CEO of Rand Capital. “With an equity investmen
Show less
Read more
Impact Snapshot
Event Time:
RAND
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RAND alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RAND alerts
High impacting Rand Capital Corporation - Closed End Fund news events
Weekly update
A roundup of the hottest topics
RAND
News
- Rand Capital Corporation Announces Shareholder Election Results for Fourth Quarter 2024 Stock and Cash Dividend [Yahoo! Finance]Yahoo! Finance
- Rand Capital Corporation Announces Shareholder Election Results for Fourth Quarter 2024 Stock and Cash DividendBusiness Wire
- Rand Capital Corporation Declares $4.20 per Share Stock and Cash Dividend for Fourth Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Rand Capital Corporation Declares $4.20 per Share Stock and Cash Dividend for Fourth Quarter 2024Business Wire
RAND
Sec Filings
- 1/17/25 - Form 40-17F2
- 1/13/25 - Form 8-K
- 12/17/24 - Form 8-K
- RAND's page on the SEC website