As filed with the Securities and Exchange Commission on March 24, 2026
Registration No. 333-291634
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-14
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Pre-Effective Amendment No. ☐
Post-Effective Amendment No. 1 ☒
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Runway Growth Finance Corp.
(Exact Name of Registrant as Specified in Charter)
205 N. Michigan Ave.
Suite 4200
Chicago, Illinois 60601
(Address of Principal Executive Offices)
(312) 698-6902
(Area Code and Telephone Number)
R. David Spreng
Runway Growth Finance Corp.
205 N. Michigan Ave.
Suite 4200
Chicago, Illinois 60601
(Name and Address of Agent for Service)
Copies to:
Rajib Chanda, Esq. Jonathan L. Corsico, Esq. Steven Grigoriou, Esq. Simpson Thacher & Bartlett LLP 900 G Street, N.W. Washington, DC 20001 Telephone: (202) 636-5500 Fax: (202) 636-5502 |
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Harry S. Pangas, Esq. Darius I. Ravangard, Esq. Dechert LLP 1900 K Street, N.W. Washington, D.C. 20006 Telephone: (202) 261-3300 Fax: (202) 261-3333 |
___________________________
It is proposed that this filing will become effective immediately upon filing pursuant to Rule 462(d) under the Securities Act of 1933 (the “Securities Act”).
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EXPLANATORY NOTE
This Post-Effective Amendment No. 1 to the Registration Statement on Form N-14 (No. 333-291634) of Runway Growth Finance Corp. (the “Registration Statement”) is being filed pursuant to Rule 462(d) under the Securities Act of 1933, as amended (the “Securities Act”), solely for the purpose of filing exhibits to the Registration Statement. Accordingly, this Post-Effective Amendment No. 1 consists only of a facing page, this explanatory note and Part C of the Registration Statement on Form N-14 setting forth the exhibits to the Registration Statement. This Post-Effective Amendment No. 1 does not modify any other part of the Registration Statement. Pursuant to Rule 462(d) under the Securities Act, this Post-Effective Amendment No. 1 shall become effective immediately upon filing with the Securities and Exchange Commission. The contents of the Registration Statement are hereby incorporated by reference.
PART C
OTHER INFORMATION
Item 15. Indemnification.
Maryland law permits a Maryland corporation to include in its charter a provision limiting the liability of its directors and officers to the corporation and its stockholders for money damages except for liability resulting from (a) actual receipt of an improper benefit or profit in money, property or services or (b) active and deliberate dishonesty established by a final judgment as being material to the cause of action. RWAY’s charter contains such a provision which eliminates directors’ and officers’ liability to the maximum extent permitted by Maryland law, subject to the requirements of the 1940 Act.
RWAY’s charter authorizes it, to the maximum extent permitted by Maryland law and subject to the requirements of the 1940 Act, to indemnify any present or former director or officer or any individual who, while serving as RWAY’s director or officer and at RWAY’s request, serves or has served another corporation, real estate investment trust, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise as a director, officer, partner, trustee, member or manager from and against any claim or liability to which that person may become subject or which that person may incur by reason of his or her service in any such capacity and to pay or reimburse their reasonable expenses in advance of final disposition of a proceeding. RWAY’s bylaws obligate it, to the maximum extent permitted by Maryland law and subject to the requirements of the 1940 Act, to indemnify any present or former director or officer or any individual who, while serving as RWAY’s director or officer and at RWAY’s request, serves or has served another corporation, real estate investment trust, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise as a director, officer, partner, trustee, member or manager and who is made, or threatened to be made, a party to the proceeding by reason of his or her service in that capacity from and against any claim or liability to which that person may become subject or which that person may incur by reason of his or her service in any such capacity and to pay or reimburse his or her reasonable expenses in advance of final disposition of a proceeding. The charter and bylaws also permit RWAY to indemnify and advance expenses to any person who served a predecessor of RWAY in any of the capacities described above and any of RWAY’s employees or agents or any employees or agents of RWAY’s predecessor. In accordance with the 1940 Act, RWAY will not indemnify any person for any liability to which such person would be subject by reason of such person’s willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office.
Maryland law requires a corporation (unless its charter provides otherwise, which RWAY’s charter does not) to indemnify a director or officer who has been successful in the defense of any proceeding to which he or she is made, or threatened to be made, a party by reason of his or her service in that capacity. Maryland law permits a corporation to indemnify its present and former directors and officers, among others, against judgments, penalties, fines, settlements and reasonable expenses actually incurred by them in connection with any proceeding to which they may be made, or threatened to be made, a party by reason of their service in those or other capacities unless it is established that (a) the act or omission of the director or officer was material to the matter giving rise to the proceeding and (1) was committed in bad faith or (2) was the result of active and deliberate dishonesty, (b) the director or officer actually received an improper personal benefit in money, property or services or (c) in the case of any criminal proceeding, the director or officer had reasonable cause to believe that the act or omission was unlawful. However, under Maryland law, a Maryland corporation may not indemnify for an adverse judgment in a suit by or in the right of the corporation or for a judgment of liability on the basis that a personal benefit was improperly received unless, in either case a court orders indemnification, and then only for expenses. In addition, Maryland law permits a corporation to advance reasonable expenses to a director or officer in advance of final disposition of a proceeding upon the corporation’s receipt of (a) a written affirmation by the director or officer of his or her good-faith belief that he or she has met the
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standard of conduct necessary for indemnification by the corporation and (b) a written undertaking by him or her or on his or her behalf to repay the amount paid or reimbursed by the corporation if it is ultimately determined that the standard of conduct was not met.
RWAY have entered into indemnification agreements with RWAY’s directors and executive officers. The indemnification agreements provide RWAY’s directors and executive officers the maximum indemnification permitted under Maryland law and the 1940 Act.
Insofar as indemnification for liability arising under the Securities Act may be permitted to directors, officers and controlling persons of RWAY pursuant to the foregoing provisions or otherwise, RWAY has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by RWAY of expenses incurred or paid by a director, officer or controlling person of RWAY in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, RWAY will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
Item 16. Exhibits.
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(6) |
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(7)(a) |
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(7)(b) |
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(8) |
Not applicable. |
(9)(a) |
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(10) |
Not applicable. |
(11) |
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(12) |
Not applicable. |
(13)(a) |
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(13)(n) |
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(14)(a) |
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(14)(d) |
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(15) |
Not applicable. |
(16) |
Power of Attorney.* |
(17)(a) |
Form of Proxy Card of SWK Holdings Corporation.* |
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(18) |
Filing Fee Table.* |
* Previously filed as an exhibit to the Registrant’s Registration Statement on Form N-14, filed on November 18, 2025.
** Previously filed as an exhibit to Amendment 1 to the Registrant's Registration Statement on Form N-14, filed on February 9, 2026.
*** Previously filed as an exhibit to Amendment 2 to the Registrant’s Registration Statement on Form N-14, filed on February 27, 2026.
**** Filed herewith.
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Item 17. Undertakings.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed on behalf of the registrant, in New York, New York on the 24th day of March, 2026
RUNWAY GROWTH FINANCE CORP.
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By: |
/s/ R. David Spreng |
Name: |
R. David Spreng |
Title: |
President, Chief Executive Officer |
As required by the Securities Act of 1933, this registration statement has been signed below by the following persons in the capacities and on the dates indicated:
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Date |
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/s/ R. David Spreng |
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President, Chief Executive Officer |
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March 24, 2026 |
R. David Spreng |
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(Principal Executive Officer) |
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/s/ Thomas B. Raterman |
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Chief Financial Officer, Chief Operating |
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March 24, 2026 |
Thomas B. Raterman |
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Officer, Treasurer and Secretary |
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(Principal Financial and Accounting Officer) |
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Chairman of the Board of Directors |
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March 24, 2026 |
Ted Goldthorpe |
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Director |
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March 24, 2026 |
Robert Warshauer |
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* |
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Director |
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March 24, 2026 |
Alexander Duka |
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* |
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Director |
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March 24, 2026 |
Gary Kovacs |
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* |
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Director |
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March 24, 2026 |
Julie Persily |
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Director |
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March 24, 2026 |
Jennifer Kwon Chou |
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Director |
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March 24, 2026 |
Catherine Frey |
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*By: |
/s/ Thomas B. Raterman |
Name: |
Thomas B. Raterman |
Title: |
Attorney-in-fact |
The original power of attorney authorizing Thomas B. Raterman to execute this Registration Statement, and any amendments thereto, for each director of the Registrant on whose behalf this Registration Statement is filed has been filed with this Registration Statement.