SARATOGA INVESTMENT CORP. 8-K

What Happened
Saratoga Investment Corp. announced on March 13, 2026 that it entered into Amendment No. 5 to its equity distribution agreement to migrate its existing "at‑the‑market" (ATM) offering to a new shelf registration statement on Form N-2 (Registration No. 333-292765). The ATM Program was originally established on July 30, 2021 and allows the company to sell shares of its common stock from time to time through selected distribution agents. The amendment involves the company, its adviser (Saratoga Investment Advisors, LLC) and the distribution agents Lucid Capital Markets, Ladenburg Thalmann, Compass Point and Raymond James.

Key Details

• Amendment No. 5 executed March 13, 2026 to move the ATM Program to the new Form N-2 shelf registration (333-292765).
• The ATM Program covers the company’s common stock (par value $0.001 per share); any sales will be made under the effective registration statement and prospectus.
• Distribution agents named: Lucid Capital Markets, Ladenburg Thalmann & Co. Inc., Compass Point Research & Trading, LLC, and Raymond James & Associates, Inc.
• The filing includes a legal opinion from Eversheds Sutherland (US) LLP regarding the issuance and sale of shares.

Why It Matters
This amendment does not itself sell any shares but re-establishes the company’s ability to raise capital over time by selling common stock under the updated shelf registration. For investors, that means Saratoga has a ready mechanism to access equity financing when needed, which can provide balance sheet flexibility but could lead to dilution if shares are actually sold. No specific share issuances, amounts, or timing were announced in this 8‑K.