OFS Capital Corp Adjourns Special Stockholders Meeting; No Vote Held

What Happened
OFS Capital Corporation announced that its 2026 Special Meeting of Stockholders, called April 2, 2026 to consider a proposal to authorize the Board to sell or issue common stock below the company's then-current net asset value (NAV) over the next 12 months, was never able to obtain a quorum and no business was conducted. The meeting was initially scheduled for June 10, 2026, was adjourned multiple times (June 10, July 1 and July 22, 2026), was set to reconvene on August 12, 2026, but on August 11, 2026 the Board approved adjourning the meeting without setting a new date. No vote was taken on the proposed authorization, and the company ceased further solicitation of proxies. The report was signed by CEO Bilal Rashid on August 11, 2026.

Key Details

• Meeting called: April 2, 2026; initially scheduled for June 10, 2026.
• Adjournments occurred on June 10, July 1 and July 22, 2026; reconvening was scheduled for August 12, 2026.
• On August 11, 2026 the Board adjourned the meeting without setting a new date; no vote was held on the proposal to allow sales/issuances below NAV.
• Company ceased further solicitation of proxies in connection with the proposal.

Why It Matters
For investors, the immediate consequence is that the proposed authorization allowing OFS to sell or issue common stock at prices below NAV (as described in the company’s proxy materials) was not approved because no vote occurred. That proposal remains unvoted and the company will not proceed with the solicitation tied to it. Investors tracking potential dilutive capital-raising flexibility or changes to issuance policy should note there was no change approved and no timeline set for reconvening the vote.