{"id":836603,"date":"2025-04-11T08:34:26","date_gmt":"2025-04-11T12:34:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/"},"modified":"2025-04-11T08:34:26","modified_gmt":"2025-04-11T12:34:26","slug":"qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/","title":{"rendered":"QC Holdings, Inc. to be Acquired by\u00a0Prospect Capital Corporation"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">NEW YORK, April  11, 2025  (GLOBE NEWSWIRE) &#8212; A portfolio company of Prospect Capital Corporation\u00a0(\u201cProspect\u201d) (NASDAQ:\u00a0PSEC) and QC Holdings, Inc. (\u201cQC Holdings\u201d or the \u201cCompany\u201d) (OTCPK:QCCO) today announced they have entered\u00a0into a definitive merger agreement pursuant to which, subject to certain conditions and on the terms set forth in the merger agreement, Prospect would acquire QC Holdings in an all-cash transaction, for $2.00 per share, for a total enterprise value of approximately $115 million (the \u201cMerger\u201d).<\/p>\n<p>The Merger was unanimously approved by the board of directors of QC Holdings and by the holders of a majority of the outstanding shares of the Company\u2019s common stock. No other stockholder approval is required. Completion of the Merger is subject to the receipt of certain required regulatory approvals, as well as certain other closing conditions customary for transactions of this nature. The transaction is expected to close in 40 to\u00a060 days.<\/p>\n<p>Upon completion of the transaction, QC Holdings\u2019 common stock will no longer be listed on the OTC Pink Market. The Company will remain headquartered in Lenexa, Kansas.<\/p>\n<p>The QC Holdings management team, led by Darrin Andersen, President and Chief Executive Officer, will continue to lead the Company post-Merger in their\u00a0current roles.<\/p>\n<p>\u201cQC Holdings has built a strong foundation based on innovation, customer service,\u00a0and operational excellence,\u201d said Mr. Andersen. \u201cThis Merger provides an excellent premium for our stockholders above our stock price.\u00a0Our access to greater capital through Prospect will position us for future growth\u00a0and innovation, ensuring that we will continue to provide increased value to our customers.\u201d<\/p>\n<p>\u201cProspect looks forward to supporting the growth of QC Holdings, a strong consumer finance business with a 40-year history,\u201d said Grier Eliasek, President and Chief Operating Officer of Prospect.<\/p>\n<p>Blank Rome LLP served as legal advisor to Prospect. Stinson LLP served as legal advisor to QC Holdings.<\/p>\n<p>\n        <strong>About QC Holdings, Inc.<\/strong>\n      <\/p>\n<p>QC Holdings specializes in consumer-focused alternative financial services and credit solutions and, for more than 40 years, has been providing credit options for people underserved by traditional banking institutions. Its core products include a variety of short-term loans and financial services. In the United States, QC Holdings operates as \u201cLendNation\u201d through more than 325 retail locations in 12 states. In Canada, QC Holdings\u00a0offers loans through 19 retail locations and online.<\/p>\n<p>\n        <strong>About Prospect Capital Corporation<\/strong>\n      <\/p>\n<p>Prospect is a business development company lending to and investing in private businesses. Prospect\u2019s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.<\/p>\n<p>Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.<\/p>\n<p>\n        <strong>Cautionary Note Regarding Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains forward-looking statements within the meaning of safe harbor provisions of the U.S. Private Securities Litigation Reform Act, whose safe harbor for forward-looking statements does not apply to business development companies.\u00a0Forward-looking statements do not relate strictly to historical or current facts and may be identified by the use of words such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cexpects,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cpredicts,\u201d \u201cforecasts,\u201d \u201cforesees,\u201d \u201cpotential\u201d and other words of similar meaning in conjunction with statements regarding, among other things, (i) plans and objectives of management for the operation of QC Holdings, (ii) statements regarding the timing of completion of the merger and the consummation of the Merger, (iii) the anticipated financing of the transaction, (iv) the anticipated benefits to QC Holdings arising from the completion of the Merger, (v) the impact of the Merger on QC Holdings\u2019 business strategy and future business and operational performance, and (vi) the assumptions underlying or relating to any such statement. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements.<\/p>\n<p>\n        <strong>Additional Information Regarding the Merger<\/strong>\n      <\/p>\n<p>QC Holdings will mail or otherwise make available to its stockholders an Information Statement (the \u201cInformation Statement\u201d), describing the Merger. QC HOLDINGS\u2019 STOCKHOLDERS ARE URGED TO CAREFULLY REVIEW THE INFORMATION STATEMENT AND ANY ACCOMPANYING DOCUMENTS IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER. QC Holdings stockholders may obtain a free copy of the Information Statement and other documents (when available) from Computershare, the Company\u2019s stock transfer agent.\u00a0 A copy of the Information Statement will also be available on QC Holdings\u2019 website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6difT1vijDaprPxxPCcObHOHYDIuX1ikjj1p2YwMUULrbFxtnEf5L0U6xMZBaB0IQqTqD7IXM2_glx2dgQNJDA==\" rel=\"nofollow\" target=\"_blank\"><strong>www.qchi.com<\/strong><\/a>.<\/p>\n<p>For further information, contact:<\/p>\n<p>Grier Eliasek, President and Chief Operating Officer, Prospect Capital Corporation\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=k6hd93RR2IQBa_EhBG0LOBuXDBjokWsKYkZN9VJxQ-HEBLp0rhD9MG0pT9WdZUI7UW8JIbtRqIF0lkKZE838ODLN3539Ou07IaUIt0ltBzg=\" rel=\"nofollow\" target=\"_blank\">grier@prospectcap.com<\/a>\u00a0<br \/>(212) 448-0702<\/p>\n<p>Darrin J. Andersen, President \/ Chief Executive Officer, QC Holdings Inc.\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-Zpfdbg_yRe7n87c5VxCLyzQanBn2awF5hjbDgmF9ZsZcvOFY0-yWUCSXt915vvXkCIjJ4FOjCCJGxsisPhFi3Q1kZeAo8AsmnNnWAyPOgzRu4Y02iIgwcmN6l1x9PLh\" rel=\"nofollow\" target=\"_blank\">Darrin.andersen@qcholdings.com<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nDxAssm5rIn5sAFjcx5hYN4t3n8_NhJcvBf5MmQbVyhybbKYYYVM-FsGLahrK2t2FwpXevMNRSI6nXzRRj2osIDPhdGYwaAQAxq8zp-ygj4=\" rel=\"nofollow\" target=\"_blank\"><br \/><\/a>(913) 234-5122<\/p>\n<p>Joshua C. Ditmore, General Counsel, QC Holdings, Inc.<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fde9gkDfudo60u_VyRgKa89KGYliWNX75vhV4Gvm-uueFWYM12V4HAvsoB4xHs69x8wnoyR79DM_JrBBE2ddNMWmlfsg51nhmHQgWmObGcBwuEjcX-bJvq9U_H-K3xuK\" rel=\"nofollow\" target=\"_blank\">Joshua.ditmore@qcholdings.com<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4oAsYzqfVrBxNN9K2E5wD8b2uk0bcJUtnpJ0zAdHMLv3y21GQsonXHNxESPyCUUAF8eNrN8D416FhQ3M_qOPaQ==\" rel=\"nofollow\" target=\"_blank\"><br \/><\/a>(913) 234-5174<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMDk5NiM2ODYyMTI5IzIwMjkxMjQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MmJlMWEyMWUtYTYxNS00ODc3LWI5NDItNGVhY2Y0YmU0NTI5LTEwNDA2OTUtMjAyNS0wNC0xMS1lbg==\/tiny\/Prospect-Capital-Corporation.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) &#8212; A portfolio company of Prospect Capital Corporation\u00a0(\u201cProspect\u201d) (NASDAQ:\u00a0PSEC) and QC Holdings, Inc. (\u201cQC Holdings\u201d or the \u201cCompany\u201d) (OTCPK:QCCO) today announced they have entered\u00a0into a definitive merger agreement pursuant to which, subject to certain conditions and on the terms set forth in the merger agreement, Prospect would acquire QC Holdings in an all-cash transaction, for $2.00 per share, for a total enterprise value of approximately $115 million (the \u201cMerger\u201d). The Merger was unanimously approved by the board of directors of QC Holdings and by the holders of a majority of the outstanding shares of the Company\u2019s common stock. No other stockholder approval is required. Completion of the Merger is subject to the receipt &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;QC Holdings, Inc. to be Acquired by\u00a0Prospect Capital Corporation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-836603","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>QC Holdings, Inc. to be Acquired by\u00a0Prospect Capital Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QC Holdings, Inc. to be Acquired by\u00a0Prospect Capital Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) &#8212; A portfolio company of Prospect Capital Corporation\u00a0(\u201cProspect\u201d) (NASDAQ:\u00a0PSEC) and QC Holdings, Inc. (\u201cQC Holdings\u201d or the \u201cCompany\u201d) (OTCPK:QCCO) today announced they have entered\u00a0into a definitive merger agreement pursuant to which, subject to certain conditions and on the terms set forth in the merger agreement, Prospect would acquire QC Holdings in an all-cash transaction, for $2.00 per share, for a total enterprise value of approximately $115 million (the \u201cMerger\u201d). The Merger was unanimously approved by the board of directors of QC Holdings and by the holders of a majority of the outstanding shares of the Company\u2019s common stock. No other stockholder approval is required. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/","og_locale":"en_US","og_type":"article","og_title":"QC Holdings, Inc. to be Acquired by\u00a0Prospect Capital Corporation - Market Newsdesk","og_description":"NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) &#8212; A portfolio company of Prospect Capital Corporation\u00a0(\u201cProspect\u201d) (NASDAQ:\u00a0PSEC) and QC Holdings, Inc. (\u201cQC Holdings\u201d or the \u201cCompany\u201d) (OTCPK:QCCO) today announced they have entered\u00a0into a definitive merger agreement pursuant to which, subject to certain conditions and on the terms set forth in the merger agreement, Prospect would acquire QC Holdings in an all-cash transaction, for $2.00 per share, for a total enterprise value of approximately $115 million (the \u201cMerger\u201d). The Merger was unanimously approved by the board of directors of QC Holdings and by the holders of a majority of the outstanding shares of the Company\u2019s common stock. No other stockholder approval is required. Completion of the Merger is subject to the receipt &hellip; Continue reading \"QC Holdings, Inc. to be Acquired by\u00a0Prospect Capital Corporation\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-11T12:34:26+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMDk5NiM2ODYyMTI5IzIwMjkxMjQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"QC Holdings, Inc. to be Acquired by\u00a0Prospect Capital Corporation","datePublished":"2025-04-11T12:34:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/"},"wordCount":805,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQyMDk5NiM2ODYyMTI5IzIwMjkxMjQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/qc-holdings-inc-to-be-acquired-by-prospect-capital-corporation\/","name":"QC Holdings, Inc. to be Acquired by\u00a0Prospect Capital Corporation - 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