Gladstone Investment Corporation Announces Notes Offering

Rhea-AI Summary

Gladstone Investment Corporation (Nasdaq:GAIN) announced a public offering of Notes due 2031. The company expects the Notes to list on the Nasdaq Global Select Market as GAING within 30 days of issuance. Joint book‑running managers and co‑managers were named for the offering.

The company said proceeds are intended to repay a portion of its revolving credit facility, fund new investment opportunities, and support general corporate purposes. The offering is being made under the company’s effective shelf registration (File No. 333-277452) and a preliminary prospectus supplement dated February 9, 2026 is available.

Positive

• Proceeds intended to repay revolving credit facility
• Proceeds intended to fund new investment opportunities
• Notes expected to list as GAING on Nasdaq within 30 days

Negative

• Issuance creates debt obligations via Notes due 2031

Key Figures

Maturity: Notes due 2031 Listing target: Within 30 days of issuance File number: File No. 333-277452 +2 more

5 metrics

Maturity Notes due 2031 New public notes offering

Listing target Within 30 days of issuance Expected Nasdaq Global Select Market listing for GAING

File number File No. 333-277452 SEC shelf registration file reference in offering docs

Prospectus date April 18, 2024 Date of accompanying base prospectus

Preliminary supplement date February 9, 2026 Date of preliminary prospectus supplement

Market Reality Check

Price: $13.94 Vol: Volume 180,092 is slightl...

normal vol

$13.94 Last Close

Volume Volume 180,092 is slightly below the 20-day average of 199,964 (about in-line activity). normal

Technical Price at $13.89 trades modestly below the $14.02 200-day MA and about 9.45% under the 52-week high.

Peers on Argus

GAIN is up about 0.22% while close peers show mixed moves (e.g., GLAD down 0.58%...

GAIN is up about 0.22% while close peers show mixed moves (e.g., GLAD down 0.58%, RMT up 2.62%), pointing to a stock-specific reaction rather than a broad asset management sector trend.

Previous Offering Reports

2 past events · Latest: Nov 06 (Neutral)

Same Type Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Nov 06	Debt notes offering	Neutral	+0.7%	Issued $60M of 6.875% Notes due 2028 to refinance credit facility.
Dec 10	Debt notes offering	Neutral	-0.2%	Priced $110M of 7.875% Notes due 2030, with optional overallotment feature.

Pattern Detected

Past note offerings have led to small, mixed price reactions clustered near flat, suggesting that debt financings have historically been absorbed without major dislocations.

Recent Company History

Recent history shows GAIN repeatedly accessing the debt markets through listed note offerings. On Dec 10, 2024, it priced 7.875% Notes due 2030, followed by a $60.0 million offering of 6.875% Notes due 2028 on Nov 6, 2025. Both offerings were used to repay its revolving credit facility and fund new investments. Today’s planned Notes due 2031 follow this pattern of layering unsecured notes with staggered maturities for funding and balance sheet management.

Historical Comparison

offering

+0.2 %

Average Historical Move

Historical Analysis

In prior note offerings, GAIN’s stock moved an average of about 0.24%. Today’s modest gain near that level fits the historical pattern for financing news.

Typical Pattern

The company has steadily layered unsecured notes across maturities (2030, 2028 and now 2031), using proceeds to reduce credit facility borrowings and support new investments.

Market Pulse Summary

This announcement details a new series of Notes due 2031, expected to list on Nasdaq as GAING, with ...

Analysis

This announcement details a new series of Notes due 2031, expected to list on Nasdaq as GAING, with proceeds earmarked to repay part of the revolving credit facility, fund new investments, and for general corporate purposes. Prior note offerings in 2024 and 2025 followed the same playbook, suggesting a consistent funding approach. Investors may focus on leverage levels, interest costs, and the quality of new investments financed by these proceeds.

Key Terms

notes, public offering, nasdaq global select market, trading symbol, +3 more

7 terms

notes financial

"it plans to make a public offering of Notes due 2031 (the "Notes")."

Notes are written promises issued by a company or government to borrow money for a defined period, typically paying interest and returning the principal at maturity; they are essentially formal IOUs used to raise short- to medium-term funding. For investors, notes matter because they provide a predictable stream of income and carry credit and timing risk—like lending cash to someone with a set payback date—so their yield, repayment terms and issuer strength determine potential return and safety.

public offering financial

"it plans to make a public offering of Notes due 2031"

A public offering is when a company sells shares to the general public through the stock market, either by issuing new shares to raise cash or by letting existing owners sell their stakes. Think of it like a business opening its doors to many new owners at once: it can bring in money for growth but also increases the number of shares available, which can change the stock price and dilute existing ownership — key factors investors watch closely.

nasdaq global select market regulatory

"list the Notes on the Nasdaq Global Select Market under the trading symbol"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

trading symbol technical

"under the trading symbol "GAING" within 30 days of issuance."

A trading symbol is the short, unique code used to identify a publicly listed security on an exchange — like a stock’s nickname or license plate. Investors use it to look up real-time prices, place buy or sell orders, and track company news across trading platforms; without it, finding the correct security among many with similar names would be slow and error-prone. Knowing the right symbol ensures trades and information refer to the exact asset intended.

revolving credit facility financial

"repay a portion of the amount outstanding under its revolving credit facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

preliminary prospectus supplement regulatory

"The preliminary prospectus supplement, dated February 9, 2026, and the accompanying"

A preliminary prospectus supplement is an initial document that provides important details about a new stock or bond offering before it is finalized. It helps investors understand what is being sold and why, so they can decide whether to invest. Think of it as a preview before the full sales brochure is ready.

prospectus regulatory

"and the accompanying prospectus, dated April 18, 2024, which have been filed"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. Not financial advice.

MCLEAN, VA / ACCESS Newswire / February 9, 2026 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") today announced that it plans to make a public offering of Notes due 2031 (the "Notes"). The Company expects to list the Notes on the Nasdaq Global Select Market under the trading symbol "GAING" within 30 days of issuance. Oppenheimer & Co. Inc., Lucid Capital Markets, LLC, B. Riley Securities, Inc. and Muriel Siebert & Co., LLC are acting as joint book-running managers for this offering. Clear Street LLC, Huntington Securities, Inc., InspereX LLC, Ladenburg Thalmann & Co. Inc. and Wedbush Securities Inc. are acting as co-managers for this offering.

The Company intends to repay a portion of the amount outstanding under its revolving credit facility, to fund new investment opportunities, and for other general corporate purposes.

Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated February 9, 2026, and the accompanying prospectus, dated April 18, 2024, which have been filed with the U.S. Securities and Exchange Commission (the "SEC"), contain this and other information about the Company and should be read carefully before investing.

The offering is being conducted as a public offering under the Company's effective shelf registration filed with the SEC (File No. 333-277452).

To obtain a copy of the preliminary prospectus supplement for this offering and the accompanying prospectus, please contact: Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, by telephone at (212) 667-8055, or by email at EquityProspectus@opco.com.

The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may change. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Gladstone Investment Corporation: Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations.

Forward-Looking Statements

This press release contains statements as to the Company's intentions and expectations of the outcome of future events that are forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These statements relate to the offering of Notes and the anticipated use of the net proceeds by the Company. No assurance can be given that the transaction discussed above will be completed on the terms described, or at all. Completion of the offering on the terms described are subject to numerous conditions, many of which are beyond the control of the Company. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a description of certain risks to which the Company is or may be subject, please refer to the factors discussed under the captions "Forward-Looking Statements" and "Risk Factors" included in the Company's filings with the SEC (accessible at www.sec.gov).

CONTACT: For further information: Gladstone Investment Corporation, 703-287-5893.

SOURCE: Gladstone Investment Corporation

View the original press release on ACCESS Newswire

FAQ

What did Gladstone Investment Corporation (GAIN) announce on February 9, 2026?

The company announced a public offering of Notes due 2031. According to the company, joint book‑running managers and co‑managers were appointed and a preliminary prospectus supplement dated February 9, 2026 has been filed with the SEC.

How will Gladstone Investment Corporation use proceeds from the GAIN Notes offering?

Proceeds will repay part of the company’s revolving credit facility and fund new investments. According to the company, remaining proceeds will be used for other general corporate purposes as described in the prospectus.

When will the new Gladstone notes trade under the symbol GAING on Nasdaq?

The company expects the Notes to list within 30 days of issuance as GAING on the Nasdaq Global Select Market. According to the company, listing is expected to occur within that 30‑day window after issuance.

Where can investors obtain the Gladstone preliminary prospectus supplement for the GAIN offering?

Investors can request the preliminary prospectus from Oppenheimer & Co.’s Syndicate Prospectus Department. According to the company, contact details include phone (212) 667‑8055 and EquityProspectus@opco.com for copies.

What are the principal risks noted for Gladstone Investment Corporation's Notes offering?

The company cautioned investors to consider investment objectives, risks, charges, and expenses before investing. According to the company, the preliminary prospectus supplement and accompanying prospectus contain details investors should read carefully.