UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 19, 2007
Gladstone Capital Corporation
(Exact name of registrant as specified in its chapter)
Maryland 814-00237 54-2040781
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1521 Westbranch Drive, Suite 200
McLean, Virginia 22102
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 287-5800
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On November 19, 2007, Gladstone Capital Corporation (NASDAQ: GLAD) (the
"Company") announced that the underwriter of its recent public offering of
common stock had fully exercised its over-allotment option to purchase an
additional 375,000 shares of common stock at a price of $17.67 per share, which
includes an underwriting discount of $1.03 per share. The over-allotment option
was granted in connection with the Company's previously announced public
offering of 2,500,000 shares of common stock completed on October 19, 2007. The
underwriter of the offering was Deutsche Bank Securities, Inc.
This additional purchase increased the aggregate number of shares sold in the
offering to 2,875,000. Including the over-allotment option, net proceeds from
the offering, after deducting expenses, are expected to be approximately $50.4
million. The proceeds will be used for the repayment of existing short-term debt
under the Company's line of credit.
A copy of the press release announcing the exercise of the over-allotment option
is filed as Exhibit 99.1 to this report and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
Exhibit No. Description
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99.1 Press release dated November 19, 2007
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated November 19, 2007
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Gladstone Capital Corporation
(Registrant)
November 19, 2007 By: /s/ Harry Brill
-------------------
(Harry Brill, Chief Financial Officer)