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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Item 3.02. Unregistered Sales of Equity Securities.
On April 21, 2023, the Company delivered capital drawdown notices to its shareholders for an aggregate amount of $20.8 million. The capital was received on April 28, 2023 and the Company issued shares of the Company's common stock with par value of $0.001 per share (the “Common Stock”) on that date, at a price to be determined.
The sale of Common Stock is being made pursuant to subscription agreements entered into by the Company and its shareholders, which require shareholders to fund drawdowns to purchase shares of Common Stock up to the amount of their respective capital commitments with a minimum of five business days’ prior notice. The issuance of the Common Stock is exempt from the registration requirements of the Securities Act of 1933, as amended, (the “Securities Act”), pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company relied, in part, upon representations from each shareholder that it is an accredited investor as defined in Regulation D under the Securities Act.
SIGNATURE
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.
| REDWOOD ENHANCED INCOME CORP. | |||
| Date: May 3, 2023 | By: | /s/ Sean Sauler | |
| Name: | Sean Sauler | ||
| Title: | Co-President | ||