The only thing that's exciting about this stock right now is its incredible shrot set-up. You can't tell me that this stock should by rallying 9% when the rest of the BDC sub-sector is getting crushed.
The only news that might come out is that they can sell stock below NAV -- that just means that you're going to get really diluted.
GAIN charges 4% fees on its portfolio (most BDCs charge 2%) and that's why it always trades at a discount to its peers. Now that many of its peers are trading at roughly 0.9x P/B, GAIN is going to get whacked.
Easy pair trade: buy FSC, PSEC, TICC, BKCC, and maybe even ARCC. Short GAIN. The longs will rebound or GAIN will get crushed.... either way this trade wins.