{"url_path":"/sec/psec-pa/8-k/2026-05-08/item-3-03","section_key":"item-3-03","section_title":"Item 3.03 Material Modification to Rights of Security Holders.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1287032/0001287032-26-000174-index.html","accession_number":"0001287032-26-000174","cik":"0001287032","ticker":"PSEC-PA","issuer_name":"PROSPECT CAPITAL CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1287032/0001287032-26-000174-index.html","primary_entity_key":"0001287032","primary_entity_name":"PROSPECT CAPITAL CORP"},"word_count":214,"has_tables":true,"body_markdown":"Item 3.03. Material Modification to Rights of Security Holders.\n\nOn May 8, 2026, in connection with the Offering, the Company filed Articles Supplementary (the “Articles Supplementary”) with the State Department of Assessments and Taxation of Maryland (“SDAT”), reclassifying and designating 16,000,000 authorized and unissued shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), into shares of Series A Preferred Stock. The reclassification decreased the number of shares classified as Common Stock from 1,248,117,104 shares immediately prior to the reclassification to 1,232,117,104 shares immediately after the reclassification. The description of the Series A Preferred Stock contained in the section of the Prospectus Supplement entitled “Description of the Series A Preferred Stock” is incorporated herein by reference.\n\n3 \n\n \n\nThe foregoing description of the Series A Preferred Stock is only a summary and is qualified in its entirety by reference to the full text of the Articles Supplementary, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.\n\nVenable LLP, special Maryland counsel to the Company, has issued a legal opinion relating to the validity of the shares of Series A Preferred Stock offered in the Offering, a copy of which is attached to this Form 8-K as Exhibit 5.1 hereto."}