Offerings // SARATOGA INVESTMENT CORP.

SAY offering history

Every offering-related filing in SARATOGA INVESTMENT CORP.’s recent SEC record — registrations (announced capacity) kept separate from pricing documents (executed sales). Reviewed 739 filings back to Oct 18, 2006.

Last executed offering

Mar 13, 2026

424B2 — priced deal (shares or notes)

Last registration (announced)

None found

in filings back to Oct 18, 2006

Executed, last 12 months

424B pricings + 8-K 3.02 sales

Registered, last 12 months

S-1/S-3/F-series registrations

Date	Filing		What it means
Mar 13, 2026	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Mar 11, 2026	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Jan 30, 2026	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Jan 30, 2026	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jan 29, 2026	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
May 15, 2024	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Jul 19, 2023	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Jul 10, 2023	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Jun 7, 2023	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Apr 12, 2023	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Apr 11, 2023	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Apr 11, 2023	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Mar 13, 2023	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Dec 6, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Dec 5, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Dec 5, 2022	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Oct 20, 2022	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Oct 20, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Oct 19, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Aug 11, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Apr 20, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Apr 19, 2022	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Apr 18, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jan 14, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jan 13, 2022	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jan 13, 2022	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Jul 30, 2021	424B3 →	UPDATE	Prospectus update — often a resale registration, not necessarily new capital
Jul 16, 2021	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jul 15, 2021	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Jul 15, 2021	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Jul 7, 2021	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Mar 4, 2021	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Mar 3, 2021	424B2 →	EXECUTED	Prospectus supplement priced — shares or notes (large filers: often a bond deal)
Mar 3, 2021	FWP →	MARKETING	Free-writing prospectus — offering being marketed
Jun 28, 2019	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Oct 3, 2018	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Jul 3, 2018	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Mar 14, 2018	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Mar 13, 2017	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin
Dec 13, 2016	EFFECT →	EFFECTIVE	SEC declared a registration effective — selling can begin

SAY offering-related filings from SEC EDGAR, newest first (capped at 40). Each links to the original document.

Two honest limits. (1) A 424B takedown can price shares or notes— EDGAR’s metadata doesn’t say which, so open the document: large investment-grade filers use these mostly for bond deals (no dilution), small-caps mostly for shares. (2) At-the-market (ATM) programs sell shares gradually and individual sales are not separately filed — the visible footprint is the enabling shelf and its 424B5; actual ATM share counts surface later in the 10-Q/10-K share count. Educational information from public filings, not investment advice.

Is a shelf active now? →Do they need money? →Red flags →Full SAY workspace →

SAY offering FAQ

When did SAY last execute an offering?

Per SEC filings, SARATOGA INVESTMENT CORP.'s most recent priced offering document is a 424B2 filed 2026-03-13. Note a 424B takedown can price shares or notes (debt) — the linked document says which.

When did SAY last announce or register an offering?

No offering registration (S-1/S-3/F-1/F-3) appears in the filings reviewed back to 2006-10-18.

Does an offering always mean dilution?

Registered direct offerings and shelf takedowns issue new shares and dilute existing holders. Resale registrations (424B3/B7) let existing holders sell and do not create new shares. Secondary sales by insiders also do not dilute. Each row here is labeled with what it is.