Equus Total Return, Inc. reports net assets of $34.1 million as of June 30, 2025.
Net asset value per share decreased to $2.51 from $2.52 as of March 31, 2025.
Principal contributors to portfolio value changes include GEVI and Morgan E&P.
Increase in Fair Value of Holdings in General Enterprise Ventures
Equus purchased a senior convertible promissory note and common stock warrant from General Enterprise Ventures, valuing them at $10.6 million by June 30, 2025.
Decrease in Fair Value of Morgan E&P
The fair value of Equus' equity holding in Morgan E&P decreased by $1.65 million from March to June 2025 due to oil price changes.
Significant Developments Subsequent to the End of the Second Quarter
Morgan E&P hired Michael Reger as a key strategy executive and secured a $3 million loan facility for development.
- The decrease in net asset value per share indicates a slight decline in the company's financial position compared to the previous quarter.
- The hiring of Michael Reger and the loan facility for development highlight strategic steps taken by Equus to optimize value and drive future growth.
Equus Total Return, Inc. showcases resilience and strategic initiatives despite challenges in the market, positioning itself for sustainable growth in the future.