Current Report Filing (8-k)
04 Novembre 2016 - 11:10AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
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FORM 8-K
Current
Report Pursuant to Section 13 or 15(d) of
the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 3, 2016
FULL CIRCLE CAPITAL CORPORATION
(Exact name of registrant as specified in
its charter)
Maryland
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814-00809
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27-2411476
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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102 Greenwich Avenue, 2
nd
Floor
Greenwich, CT 06830
(Address of principal executive offices
and zip code)
Registrant’s
telephone number, including area code: (
203) 900-2100
Check the appropriate box below if the Form 8-K is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.02 Termination of a Material Definitive Agreement
On November 3, 2016, Full Circle Capital Corporation, a
Maryland corporation (the “Company” or “Full Circle”), merged with and into Great Elm Capital Corp.
(“GECC”), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) by and between the
Company and GECC, dated June 23, 2016 (the “Merger”). As a result of the Merger, Full Circle has ceased to exist
as a separate corporation. In connection with the consummation of the Merger and pursuant to the terms of that certain letter
agreement between Full Circle, Full Circle Advisors, LLC, the Company’s investment adviser (the “Adviser”),
and Full Circle Service Company, LLC, the Company’s administrator (the “Administrator”) dated as of June
23, 2016, Full Circle terminated the Investment Advisory Agreement, dated July 13, 2010, between Full Circle and the Adviser
effective upon consummation of the merger.
Item 2.01 Completion of Acquisition or Disposition of Assets
On November 3, 2016, Full Circle merged with and into Great
Elm Capital Corp. pursuant to the Merger Agreement. As a result of the Merger, Full Circle has ceased to exist as a separate corporation.
Pursuant to the terms of the Merger Agreement, each outstanding share of the Company’s common stock, par value $0.01 per
share (the “Full Circle Common Stock”) was converted into the right to receive 0.2219 shares of GECC common stock.
The outstanding shares of Full Circle Common Stock as of the effective time of the Merger were converted into 4,986,585 shares
of GECC’s common stock. Also, pursuant to the Merger Agreement, the board of directors of Full Circle (the “Full Circle
Board”) declared a special cash distribution to record holders of Full Circle Common Stock immediately before the effective
time of the Merger equal to $0.24 per share of Full Circle Common Stock.
Item 3.01 Notice of Delisting or Failure
to Satisfy a Continued Listing Rule or Stand; Transfer of Listing
On November 3, 2016, in
connection with the transactions contemplated by
the Merger Agreement
, the Company
notified the NASDAQ Global Market of its intent to remove the Full Circle Common Stock from listing and requested that the NASDAQ
Global Market file a notification of removal from listing on Form 25 with the Securities and Exchange Commission (the “SEC”)
to delist the Full Circle Common Stock.
Pursuant to the approval
of the Full Circle Board on September 16, 2016, the Company also intends to file with the SEC a certification on Form 15 under
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), requesting the deregistration of the Full Circle
Common Stock under Section 12(g) of the Exchange Act and suspension of the Company’s reporting obligations under Sections
13(a) and 15(d) of the Exchange Act.
Item 5.01 Changes in Control of Registrant
The information required
by Item 5.01 is contained in Item 2.01 and is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
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November 3, 2016
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FULL CIRCLE CAPITAL CORPORATION
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By:
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/s/ Michael J. Sell
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Michael J. Sell
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Chief Financial Officer
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Full Circle Capital Corp. (MM) (NASDAQ:FULL)
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