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As Of Filer Filing For·On·As Docs:Size Issuer Agent 9/28/18 Point Capital, Inc. N-54C 1:14K Edgar Agents LLC/FA |
Document/Exhibit Description Pages Size
1: N-54C Notice of Withdrawal from Registration by a HTML 11K
Business Development Company
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-54C
NOTIFICATION OF WITHDRAWAL OF ELECTION TO BE SUBJECT TO SECTIONS 55 THROUGH 65 OF THE INVESTMENT COMPANY ACT OF 1940
FILED PURSUANT TO SECTION 54(c) OF THE INVESTMENT COMPANY ACT OF 1940
The undersigned business development company hereby notifies the Securities and Exchange Commission that it withdraws its elec- tion to be subject to sections 55 through 65 of the Investment Company Act of 1940 (the “Act”), pursuant to the provisions of section 54(c) of the Act, and in connection with such notice of withdrawal of election submits the following information:
Name: Point Capital, Inc.
Address of Principal Business Office: 1086 Teaneck Road, Suite 3A, Teaneck, NJ 07666
Telephone Number (including area code): 201.408.5126
File Number under the Securities Exchange Act of 1934: 814-01038
In addition to completing the cover page, a company withdrawing its election under section 54(a) of the Act must state one of the following bases for filing the notification of withdrawal:
| A. | The company has never made a public offering of its securities; does not have more than 100 security holders for purposes of section 3(c)(1) of the Act and the rules thereunder; and does not propose to make a public offering. |
| B. | The company (1) has distributed substantially all of its assets to its security holders and has effected, or is in the process of effecting, a winding-up of its affairs, and (2) is not liquidating as part of a merger. |
| C. | The company has (1) sold substantially all of its assets to another company; or (2) merged into or consolidated with another company. Give the name of the other company and state whether the other company is a registered investment company, a company excluded from the definition of an investment company by section 3(c)(1) of the Act, a business development company, or none of the above. |
| ☒ D. | The company has changed the nature of its business so as to cease to be a business development company, and such change was authorized by the vote of a majority of its outstanding voting securities or partnership interests. Describe the company’s new business. Give the date of the shareholders’ or partners’ meeting and the number of votes in favor of and opposed to the change. |
| E. | The company has filed a notice of registration under section 8 of the Act. State the filing date of the company’s notice of registration (Form N-8A) under the Act. |
| F. | Other. Explain the circumstances surrounding the withdrawal of election. |
Point Capital, Inc. (the “Company”), has changed the nature of its business so as to cease to be a business development company (“BDC”) and has converted to a non-investment company. The Company intends to conduct its activities in such a way that it will be excepted from the definition of an “investment company” provided under Section 3(c)(6) of the Act.
As evidenced by the Definitive Information Statement filed pursuant to Section 14(c) of the Securities Exchange Act 1934 filed on June 5, 2017, a majority of the Company’s outstanding voting securities approved the proposal authorizing the Company’s Board of Directors to withdraw the Company’s election to be regulated as a BDC.
C:
SIGNATURE
Form of signature:
Pursuant to the requirements of the Act, the undersigned company has caused this notification of withdrawal of election to be subject to sections 55 through 65 of the Act to the be duly signed on its behalf in the city of Teaneck, New Jersey on the 28th day of September 2018.
Signature /s/ Eric Weisblum
(Name of director, officer or general partner signing on
behalf of the company)
Chief Executive Officer
(Title)
Attest: /s/ Van Parker
Name: Van Parker
Title: Director
| This ‘N-54C’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 9/28/18 | 8-K | ||
| 6/5/17 | DEF 14C | |||
| List all Filings | ||||