{"url_path":"/sec/eqs/10-q/2026/item-1a","section_key":"item-1a","section_title":"Item 1A Risk Factors","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-20","source_url":"https://www.sec.gov/Archives/edgar/data/878932/0001712543-26-000039-index.html","accession_number":"0001712543-26-000039","cik":"0000878932","ticker":"EQS","issuer_name":"EQUUS TOTAL RETURN, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/878932/0001712543-26-000039-index.html","primary_entity_key":"0000878932","primary_entity_name":"EQUUS TOTAL RETURN, INC."},"word_count":166,"has_tables":true,"body_markdown":"Item 1A. Risk Factors\n\n** **\n\nIn connection\nwith our efforts to convert Equus into an operating company, we may be subject to a number of risks associated with this process, the\ntransactions that would embody a consolidation of Equus with another company, as well as specific risks associated with the commercial\nenterprise with which Equus may seek to combine itself. We intend to identify, as will be reasonably possible, such risks and include\nthe same in our subsequent filings and reports with the SEC.\n\n \n\nReaders\nshould carefully consider these risks and all other information contained in our annual report on Form 10-K (“10-K”) for the\nyear ended December 31, 2025, including the Fund’s financial statements and the related notes thereto. The risks and uncertainties\ndescribed in our 10-K and throughout this 10-Q are not the only ones facing the Fund.\n\n \n\nAdditional\nrisks and uncertainties not presently known to us, or not presently deemed material by us, may also impair our operations and performance.\n\n \n\n 42 \n\n[Table of Contents](#TableOfContents)"}