Rand Capital Corporation is currently monitoring the bankruptcy proceedings of Tilson Technology Management, Inc. and its subsidiaries, which have filed for Chapter 11 bankruptcy in the District of Delaware. Rand Capital holds a significant investment in Tilson Technology Preferred Stock, which constitutes approximately 14.6% of the company's net assets and 15.3% of its total investments at fair value as of March 31, 2025. The preferred stock holdings, valued at $9.5 million, were acquired at a cost basis of $2.85 million. Additionally, Rand Capital maintains a separate investment in SQF Holdco LLC, an affiliated entity not involved in the bankruptcy proceedings. Company management is actively evaluating the potential implications of the bankruptcy on its investments in Tilson Technology.
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