09:26 AM EDT, 03/12/2026 (MT Newswires) -- Oxford Lane Capital ( OXLC ) said Thursday it intends to launch an underwritten public offering of its Series 2031 term preferred shares.

The company plans to provide a 30-day option to the underwriters to acquire additional preferred shares, Oxford Lane Capital ( OXLC ) said, adding that it expects the shares to trade on Nasdaq within 30 days of the issuance date.

The company also said it anticipates using the net proceeds for the repayment of outstanding debt and for general working capital purposes.