Waiver of Transfer Restrictions
On September 3, 2025, Blue Owl Technology Finance Corp. (NYSE: OTF) (the “Company”) issued a press release announcing that the Company’s board of directors (the “Board”) has waived the transfer restrictions (the “Transfer Restrictions”) contained in the Company’s second amended and restated articles of incorporation (the “Charter”) with respect to 46,513,271 shares of the Company’s common stock, effective as of September 9, 2025.
The Charter provides for three separate restricted periods as set forth below and initially applied to all of the Company’s shares that were acquired by shareholders prior to June 12, 2025 (the “Listing Date”), the date on which the Company’s shares were listed on the New York Stock Exchange (the “Listing”). Previously, in connection with the Listing, the Board waived the transfer restrictions with respect to 23,256,814 shares of the Company’s common stock and a pro rata portion of each shareholder’s shares of the Company’s common stock were released from each of the three separate restricted periods.
The three separate restricted periods are as follows:
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One period is 180 days after the Listing Date and applies to all shares of the Company’s common stock issued prior to the Listing Date (the “First Lock-Up Period”); |
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One period is 270 days after the Listing and applies to two-thirds of the shares of the Company’s common stock issued prior to the Listing Date (the “Second Lock-Up Period”); and |
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One period is 365 days after the Listing and applies to one-third of the shares of the Company’s common stock issued prior to the Listing Date (the “Third Lock-Up Period”). |
As a result of the current waiver, approximately half of each shareholder’s shares of the Company’s common stock that would otherwise become freely tradeable upon expiration of the First Lock-Up Period will become freely tradeable on September 9, 2025. The current waiver will have no effect on the shares of the Company’s common stock subject to the Second Lock-Up Period or the Third Lock-Up Period. The Company’s management believes that the current waiver will enhance the liquidity of the Company’s common stock and provide investors with additional liquidity in a simple and streamlined way.
Forward-Looking Statements
This Current Report on Form 8-K may contain “forward-looking statements” that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about the Company, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the Company’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in the Company’s filings with the Securities and Exchange Commission. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which the Company makes them. The Company does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.
Item 9.01. |
Financial Statements and Exhibits |
(d) Exhibits
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Exhibit Number |
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Description |
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99.1 |
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Press Release dated September 3, 2025 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |