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Form 8-K

sec.gov

8-K — Oxford Square Capital Corp.

Accession: 0001213900-26-083625

Filed: 2026-07-31

Period: 2026-07-31

CIK: 0001259429

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — ea0299938-01_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ea0299938-01_ex991.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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):

July 31, 2026

OXFORD SQUARE CAPITAL CORP.

(Exact name of registrant as specified in its charter)

Maryland

814-00638

20-0188736

(State or other jurisdiction

of incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

8 Sound Shore Drive, Suite 255

Greenwich, CT 06830

(Address of principal executive offices and zip

code)

(203) 983-5275

(Registrant’s telephone number, including

area code)

n/a

(Former name or former address, if changed since

last report)

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))

Securities registered pursuant to Section 12(b)

of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.01 per share

OXSQ

NASDAQ Global Select Market LLC

5.50% Notes due 2028

OXSQG

NASDAQ Global Select Market LLC

7.75% Notes due 2030

OXSQH

NASDAQ Global Select Market LLC

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities

Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant

has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant

to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On July 31, 2026, Oxford Square

Capital Corp. (the “Company”) issued a press release announcing its financial results for the second quarter

ended June 30, 2026. The text of the press release is included as Exhibit 99.1 to this Form 8-K.

The information set forth

under this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18

of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information set forth

under this Item 2.02, including Exhibit 99.1, shall not be incorporated by reference into any registration statement or other document

pursuant to the Securities Act of 1933, as amended, unless it is specifically incorporated by reference therein.

Item 7.01 Regulation FD Disclosure

On July 31, 2026, the Company

issued a press release, included herewith as Exhibit 99.1, announcing the declaration of distributions for the months ending October 31,

2026, November 30, 2026, and December 31, 2026. Additionally, on July 31, 2026, the Company made available on its website, www.oxfordsquarecapital.com,

supplemental investor information with respect to the aforementioned earnings press release.

The information disclosed

under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section

18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information provided

herein shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, except as expressly

set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1

Press release dated July 31, 2026

104

Cover Page Interactive Data File (embedded within the inline XBRL document).

SIGNATURE

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: July 31, 2026

OXFORD SQUARE CAPITAL CORP.

By:

/s/ Saul B. Rosenthal

Saul B. Rosenthal

President

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ea0299938-01_ex991.htm · Sequence: 2

Exhibit 99.1

Oxford Square Capital Corp. Announces Net Asset

Value and Selected Financial Results for the Quarter Ended June 30, 2026 and Declaration of Distributions on Common Stock for the Months

Ending October 31, November 30, and December 31, 2026.

GREENWICH, CT – 7/31/2026 – Oxford Square Capital Corp.

(NasdaqGS: OXSQ) (NasdaqGS: OXSQG) (NasdaqGS: OXSQH) (the “Company,” “we,” “us” or “our”)

announced today its financial results and related information for the quarter ended June 30, 2026.

· On July 29, 2026, our Board of Directors declared the following distributions on our common stock:

Month Ending

Record Date

Payment Date

Amount Per Share

October 31, 2026

October 16, 2026

October 30, 2026

$0.035

November 30, 2026

November 16, 2026

November 30, 2026

$0.035

December 31, 2026

December 17, 2026

December 31, 2026

$0.035

· Net asset value (“NAV”) per share as of June 30, 2026 stood at $1.29, compared with a NAV per share on March 31, 2026

of $1.32.

· Net investment income (“NII”) was approximately $5.1 million, or $0.05 per share, for the quarter ended June 30, 2026,

compared with approximately $4.1 million, or $0.05 per share, for the quarter ended March 31, 2026.

· Total investment income for the quarter ended June 30, 2026 amounted to approximately $9.4 million, compared with approximately $8.9

million for the quarter ended March 31, 2026.

o For the quarter ended June 30, 2026 we recorded investment income from our portfolio as follows:

§ $5.4 million from our debt investments;

§ $3.5 million from our CLO equity investments; and

§ $0.5 million from other income.

· Our total expenses for the quarter ended June

30, 2026 were approximately $4.3 million, compared with total expenses of approximately $4.8 million for the quarter ended March 31, 2026.

· As of June 30, 2026, the following metrics applied (note that none of these metrics represented a total return to shareholders):

o The weighted average yield of our debt investments was 14.9% at current cost, compared with 14.7% as of

March 31, 2026;

o The weighted average effective yield of our CLO equity investments at current cost was 8.1%, compared

with 7.3% as of March 31, 2026;

o The weighted average cash distribution yield of our cash income producing senior secured note investments

at current cost was 8.0%, compared with 8.0% as of March 31, 2026; and

o The weighted average cash distribution yield of our cash income producing CLO equity investments at current

cost was 12.4%, compared with 13.6% as of March 31, 2026.

· For the quarter ended June 30, 2026, we recorded a net increase in net assets resulting from operations of approximately $4.0 million,

consisting of:

o NII of approximately $5.1 million;

o Net realized losses of approximately $5.2 million; and

o Net unrealized appreciation of approximately $4.1 million.

· During the second quarter of 2026, our investment activity consisted of purchases of approximately $19.9

million and repayments of approximately $0.5 million. No sales were made during the quarter.

· Our weighted average credit rating was 2.1 based

on total fair value and 2.2 based on total principal amount as of June 30, 2026, compared with a weighted average credit rating of 2.2

based on total fair value and 2.4 based on total principal amount as of March 31, 2026.

· As of June 30, 2026, our preferred equity investments in one of our portfolio companies were on non-accrual

status, which had an aggregate fair value of approximately $6.9 million.

· For the quarter ended June 30, 2026, we issued a total of approximately 11.3 million shares of common stock pursuant to an “at-the-market”

offering. After deducting the sales agent’s commissions and offering expenses, this resulted in net proceeds of approximately $17.8

million. As of June 30, 2026, we had approximately 105.1 million shares of common stock outstanding.

We will hold a conference call to discuss second quarter results today,

Friday, July 31st, 2026 at 9:00 AM ET. The toll-free dial-in number is 1-800-715-9871, access code number 8149397. There will

be a recording available for 30 days. If you are interested in hearing the recording, please dial 1-800-770-2030. The replay pass-code

is 8149397#.

A presentation containing further detail regarding our quarterly results

of operations has been posted under the Investor Relations section of our website at www.oxfordsquarecapital.com.

OXFORD SQUARE CAPITAL CORP.

STATEMENTS OF ASSETS AND LIABILITIES

June 30,

2026

December 31,

2025

(Unaudited)

ASSETS

Non-affiliated/non-control investments (cost: $386,379,336 and $390,403,599, respectively)

$ 252,842,694

$ 251,731,345

Cash equivalents (cost of $32,770,267 and $51,236,068, respectively)

32,770,267

51,236,068

Cash

1,837,775

698,579

Interest and distributions receivable

1,933,335

2,002,161

Other assets

1,220,982

1,070,958

Total assets

$ 290,605,053

$ 306,739,111

LIABILITIES

Notes payable – 5.50% Unsecured Notes, net of deferred issuance costs of $804,888 and $996,075 respectively

$ 79,695,112

$ 79,503,925

Notes payable – 7.75% Unsecured Notes, net of deferred issuance costs of $2,338,027 and $2,621,662 respectively

72,411,973

72,128,338

Accrued interest payable

1,703,438

1,703,438

Base Fee and Net Investment Income Incentive Fee payable to affiliate

961,643

1,036,058

Accrued expenses

804,942

1,017,581

Securities purchased not settled

5,944,969

Total liabilities

155,577,108

161,334,309

NET ASSETS

Common stock, $0.01 par value, 300,000,000 shares authorized; 105,058,242 and 86,060,964 shares issued and outstanding, respectively

1,050,583

860,610

Capital in excess of par value

553,787,659

523,040,484

Total distributable earnings/(accumulated losses)

(419,810,297 )

(378,496,292 )

Total net assets

135,027,945

145,404,802

Total liabilities and net assets

$ 290,605,053

$ 306,739,111

Net asset value per common share

$ 1.29

$ 1.69

OXFORD SQUARE CAPITAL CORP.

STATEMENTS OF OPERATIONS

(Unaudited)

Three Months

Ended

June 30, 2026

Three Months

Ended

June 30, 2025

Six Months

Ended

June 30, 2026

Six Months

Ended

June 30, 2025

INVESTMENT INCOME

From non-affiliated/non-control investments:

Interest income – debt investments(1)

$ 4,535,789

$ 4,228,193

$ 8,854,539

$ 9,054,597

Interest income – debt investments – payment-in-kind (“PIK”)(1)

896,600

857,257

1,683,522

1,565,608

Income from securitization vehicles and investments

3,508,746

3,855,072

6,732,944

7,811,125

Other income

460,958

581,659

1,073,766

1,251,901

Total investment income from non-affiliated/

non-control investments

9,402,093

9,522,181

18,344,771

19,683,231

Total investment income

9,402,093

9,522,181

18,344,771

19,683,231

EXPENSES

Interest expense

2,793,880

1,929,045

5,585,135

3,888,332

Base Fee

961,643

1,036,312

1,952,274

2,095,097

Professional fees

441,487

444,251

788,114

767,703

Compensation expense

232,163

228,296

479,093

467,873

General and administrative

358,743

360,127

671,409

715,386

Excise tax

(523,888 )

24,585

(419,110 )

145,401

Total expenses before incentive fees

4,264,028

4,022,616

9,056,915

8,079,792

Net Investment Income Incentive Fees

Total incentive fees

Total expenses

4,264,028

4,022,616

9,056,915

8,079,792

Net investment income

5,138,065

5,499,565

9,287,856

11,603,439

NET CHANGE IN UNREALIZED APPRECIATION/(DEPRECIATION) AND NET REALIZED LOSSES ON INVESTMENT TRANSACTIONS

Net change in unrealized appreciation/(depreciation) on investments:

Non-Affiliate/non-control investments

4,071,759

1,253,135

5,135,612

(813,761 )

Total net change in unrealized appreciation/(depreciation) on investments

4,071,759

1,253,135

5,135,612

(813,761 )

Net realized losses:

Non-affiliated/non-control investments

(5,216,274 )

(2,321,562 )

(35,954,739 )

(14,480,057 )

Extinguishment of debt

(45,781 )

(45,781 )

Total net realized losses

(5,216,274 )

(2,367,343 )

(35,954,739 )

(14,525,838 )

Net change in unrealized and realized losses

(1,144,515 )

(1,114,208 )

(30,819,127 )

(15,339,599 )

Net increase/(decrease) in net assets resulting from operations

$ 3,993,550

$ 4,385,357

$ (21,531,271 )

$ (3,736,160 )

Net increase in net assets resulting from net investment income per common share (Basic and Diluted):

$ 0.05

$ 0.08

$ 0.10

$ 0.16

Net increase/(decrease) in net assets resulting from operations per common share (Basic and Diluted):

$ 0.04

$ 0.06

$ (0.23 )

$ (0.05 )

Weighted average shares of common stock outstanding (Basic and Diluted):

99,273,482

73,243,091

93,806,171

71,622,922

Distributions per share

$ 0.105

$ 0.105

$ 0.210

$ 0.210

(1) Change in prior period was made to conform to the current period

presentation.

FINANCIAL HIGHLIGHTS (Unaudited)

Financial highlights for the three and six months

ended June 30, 2026 and 2025, respectively, are as follows:

Three Months

Ended

June 30,

2026

Three Months

Ended

June 30,

2025

Six Months

Ended

June 30,

2026

Six Months

Ended

June 30,

2025

Per Share Data

Net asset value at beginning of period

$ 1.32

$ 2.09

$ 1.69

$ 2.30

Net investment income(1)

0.05

0.08

0.10

0.16

Net realized and unrealized (losses)/gains(2)

(0.02 )

(0.32 )

(0.21 )

Net (decrease)/increase in net asset value from operations

0.05

0.06

(0.22 )

(0.05 )

Distributions per share from net investment income(3)

(0.11 )

(0.11 )

(0.21 )

(0.21 )

Tax return of capital distributions(3)

Total distributions

(0.11 )

(0.11 )

(0.21 )

(0.21 )

Effect of shares issued

0.03

0.02

0.03

0.02

Net asset value at end of period

$ 1.29

$ 2.06

$ 1.29

$ 2.06

Per share market value at beginning of period

$ 1.77

$ 2.61

$ 1.76

$ 2.44

Per share market value at end of period

$ 1.32

$ 2.23

$ 1.32

$ 2.23

Total return based on Market Value(4)

(19.75 )%

(10.49 )%

(14.23 )%

(0.30 )%

Total return based on Net Asset Value(5)

5.68 %

3.59 %

(11.24 )%

(1.30 )%

Shares outstanding at end of period

105,058,242

76,236,738

105,058,242

76,236,738

Ratios/Supplemental Data

Net assets at end of period (000’s)

$ 135,028

$ 157,423

$ 135,028

$ 157,423

Average net assets (000’s)

$ 129,465

$ 152,126

$ 130,642

$ 152,806

Ratio of expenses to average net assets(6)

14.39 %

10.78 %

14.19 %

10.62 %

Ratio of expenses, excluding interest expense, to average net assets(6)

5.76 %

5.70 %

5.64 %

5.53 %

Ratio of net investment income to average net assets(6)

14.66 %

14.26 %

13.90 %

15.15 %

Portfolio turnover rate(7)

0.19 %

— %

0.35 %

6.40 %

(1) Represents per share net investment income for the period, based

upon weighted average shares outstanding.

(2) Net realized and unrealized gains/(losses) include rounding

adjustments to reconcile change in net asset value per share.

(3) Management monitors available taxable earnings, including net

investment income and realized capital gains, to determine if a tax return of capital may occur for the year. To the extent the Company’s

taxable earnings fall below the total amount of the Company’s distributions for that fiscal year, a portion of those distributions

may be deemed a tax return of capital to the Company’s stockholders. The ultimate tax character of the Company’s earnings

cannot be determined until tax returns are prepared after the end of the fiscal year. The amounts and sources of distributions reported

are only estimates (based on an average of the reported tax character historically) and are not being provided for U.S. tax reporting

purposes. For each of the three-month periods ended June 30, 2026 and 2025, distributions were $0.105 per share and are presented as

$0.11 per share due to rounding.

(4) Total return based on market value equals the increase or decrease

of ending market value over beginning market value, plus distributions, divided by the beginning market value, assuming distribution

reinvestment prices obtained under the Company’s distribution reinvestment plan. Total return is not annualized.

(5) Total return based on net asset value equals the increase or

decrease of ending net asset value over beginning net asset value, plus distributions, divided by the beginning net asset value. Total

return is not annualized.

(6) Annualized and adjusted for one-time excise tax reversals in

the current quarter.

(7) Portfolio turnover rate is calculated using the lesser of the

year-to-date investment sales and debt repayments or year-to-date investment purchases over the average of the total investments at fair

value.

About Oxford Square Capital Corp.

Oxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and,

to a lesser extent, debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also

include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions.

Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,”

“anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking

statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties.

Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements.

These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation

to update such statements to reflect subsequent events, except as may be required by law.

Contact:

Bruce Rubin

203-983-5280

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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