Investcorp Credit Management BDC (ICMB) fully exits $10.3M Work Genius stake
Rhea-AI Filing Summary
Investcorp Credit Management BDC, Inc. disclosed that on May 27, 2026 it disposed of its entire exposure in Work Genius Holdings, Inc. and Work Genius, LLC for an aggregate fair market value of approximately $10.3 million. This represents a full exit from those positions and updates investors on a specific portfolio realization.
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8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Work Genius exposure disposition value: $10.3 million
Common stock par value: $0.001 per share
Form type: Form 8-K
3 metrics
Work Genius exposure disposition value
$10.3 million
Aggregate fair market value for entire exposure on May 27, 2026
Common stock par value
$0.001 per share
ICMB common stock listed on NASDAQ Global Select Market
Form type
Form 8-K
Current report under Securities Exchange Act of 1934
Key Terms
disposed of its entire exposure, aggregate fair market value, Emerging growth company, furnished
4 terms
disposed of its entire exposure financial
"disposed of its entire exposure in Work Genius Holdings, Inc. and Work Genius, LLC"
aggregate fair market value financial
"for an aggregate fair market value of approximately $10.3 million"
Emerging growth company regulatory
"405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
furnished regulatory
"The information presented under Item 7.01 is being “furnished” and shall not be deemed to be “filed”"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did ICMB report in its latest 8-K filing?
Investcorp Credit Management BDC, Inc. reported disposing of its entire exposure in Work Genius Holdings, Inc. and Work Genius, LLC for an aggregate fair market value of about $10.3 million, reflecting a complete exit from those investments.
How much did ICMB receive for its Work Genius exposure?
ICMB stated that it disposed of its entire exposure in Work Genius Holdings, Inc. and Work Genius, LLC for an aggregate fair market value of approximately $10.3 million, indicating the reported value of this portfolio realization.
When did ICMB complete the Work Genius disposition?
ICMB completed the disposition of its entire exposure in Work Genius Holdings, Inc. and Work Genius, LLC on May 27, 2026, according to the recent disclosure describing this portfolio transaction and its aggregate fair market value.
Does the ICMB 8-K say the Work Genius information is filed or furnished?
The company states the information under Item 7.01 is being “furnished” rather than “filed,” meaning it is not subject to Section 18 liabilities and is not automatically incorporated into Securities Act filings unless specifically referenced.
What stock exchange is ICMB common stock listed on?
ICMB’s common stock, with a par value of $0.001 per share and trading symbol ICMB, is listed on The NASDAQ Global Select Market, as indicated in the company’s securities registration disclosure.