Company: OXLCZ
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001213900-25-015045
Chunk: 27

Company: Oxford Lane Capital Corp.
Filing Date: 2025-02-19
Form: 424B2
Chunk 27
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 our credit ratings or to advise holders of Notes of any changes in our credit ratings. There can be no assurance that our credit ratings will remain for any given period of time or that such credit ratings will not be lowered or withdrawn entirely by the rating agency if in their judgment future circumstances relating to the basis of the credit ratings, such as adverse changes in our company, so warrant. S-20 USE OF PROCEEDS We estimate that the net proceeds we will receive from the sale of the $aggregate principal amount of Notes in this offering will be approximately $(or approximately $if the underwriters fully exercise their over -allotmentoption), in each case assuming a public offering price of 100% of par, after deducting the underwriting discount of $ (or approximately $ if the underwriters fully exercise their over -allotmentoption) payable by us and estimated offering expenses of approximately $ payable by us. We intend to use the net proceeds from this offering to acquire investments in accordance with our investment objective and strategies described in this prospectus supplement and for general working capital purposes. We anticipate that substantially all of the net proceeds of this offering will be used for the above purposes within approximately three to six months from the consummation of such offering, depending on the availability of appropriate investment opportunities consistent with our investment objective and market conditions. We cannot assure you we will achieve our targeted investment pace. Pending such investments, we will invest the net proceeds primarily in cash, cash equivalents, U.S. government securities and other high -qualityinvestments that mature in one year or less from the date of investment. The management fee payable by us will not be reduced while our assets are invested in such securities. See “Regulation as a Registered Closed -EndManagement Investment Company — Temporary Investments” in the accompanying prospectus for additional information about temporary investments we may make while waiting to make longer -terminvestments in pursuit of our investment objective. S-21

CAPITALIZATION The following table sets forth our capitalization: (a)on an actual basis as of September 30, 2024; and (b)on an as adjusted basis to reflect the sale of 80,739,195shares of common stock for aggregate net proceeds of $406.5million (of which $405.7million was allocated to capital in excess of par value) from October1, 2024 to February13, 2025 under a common stock at -the-marketoffering; and (c)on an adjusted basis to give effect to the