10-K/A: Runway Growth Finance Corp. Files Amendment to 2024 Annual Report to Correct Audit Report Date

Runway Growth Finance Corp. files an amendment to its 2024 annual report to correct an administrative error in the audit report date and includes a consent from Deloitte & Touche LLP.

Summary

• Runway Growth Finance Corp. is filing Amendment No. 1 on Form 10-K/A to its annual report on Form 10-K for the year ended December 31, 2024.
• The amendment corrects an administrative error related to the date the Report of RSM US LLP was issued.
• The changes do not alter the conclusions expressed in the original report.
• The company is also filing a consent of Deloitte & Touche LLP to incorporate by reference its report dated March 20, 2025, into the Registration Statement on Form N-2.
• The cover page has been updated to reflect the amendment and the intent to incorporate portions of the company's proxy statement for its 2025 annual meeting of stockholders into Part III of its Form 10-K.
• Certifications from the company's principal executive officer and principal financial officer are included.
• The amendment does not affect any other items in the original filing, including the financial statements and notes.
• The amendment speaks as of the date of the original filing, reflecting only the discussed changes.
• The original filing included the Report of Independent Registered Public Accounting Firm (Deloitte & Touche LLP; New York, New York, PCAOB ID No. 34).
• The original filing included Consolidated Statements of Assets and Liabilities as of December 31, 2024 and 2023.
• The original filing included Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022.
• The original filing included Consolidated Statements of Changes in Net Assets for the years ended December 31, 2024, 2023 and 2022.
• The original filing included Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022.
• The original filing included Consolidated Schedules of Investments as of December 31, 2024 and 2023.
• The original filing included Notes to Consolidated Financial Statements.

Sentiment

Score: 7

Explanation: The document is a routine amendment to correct an administrative error, indicating a neutral to slightly positive sentiment as it reflects the company's commitment to accurate financial reporting.

Positives

• The amendment addresses and corrects an administrative error in the audit report date, ensuring accuracy in financial reporting.
• Deloitte & Touche LLP's consent allows for the incorporation of their audit report into the Form N-2 registration statement.

Future Outlook

The document does not contain specific forward-looking statements beyond the intention to incorporate the proxy statement into Form 10-K.

Management Comments

• R. David Spreng, as Chief Executive Officer, certified that the report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
• Thomas B. Raterman, as Chief Financial Officer, certified that the report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

Industry Context

This filing is a routine amendment to correct an administrative error, which is a standard practice in financial reporting. It ensures compliance with SEC regulations and maintains the accuracy of information provided to investors.

Comparison to Industry Standards

• Correcting errors in financial reports and audit reports is a common practice among publicly traded companies to ensure compliance and accuracy.
• The inclusion of auditor consents for incorporation by reference is a standard procedure when referencing previously issued audit reports in new filings.
• Runway Growth Finance Corp.'s actions align with industry norms for maintaining transparent and reliable financial reporting.

Stakeholder Impact

• The correction of the audit report date ensures that stakeholders have accurate information for decision-making.
• The filing of the amendment demonstrates the company's commitment to transparency and compliance, which can positively impact investor confidence.

Next Steps

• File the proxy statement for the 2025 Annual Meeting of Stockholders within 120 days after the end of the fiscal year.

Key Dates

Keywords

Form 10-K/A, amendment, audit report, financial statements, Runway Growth Finance Corp., Deloitte & Touche LLP, RSM US LLP