Stellus Private Credit BDC 8-K

What Happened
Stellus Private Credit BDC filed an 8-K (Item 3.02) disclosing that on June 16, 2026 it delivered a capital drawdown notice to investors to sell 330,687 common shares of beneficial interest for an aggregate offering price of $5,000,000. The sale is expected to close on or about June 30, 2026 and is being made under subscription agreements with existing investors.

Key Details

• Number of shares: 330,687 common shares.
• Gross proceeds: $5,000,000 aggregate offering price.
• Timing: drawdown notice dated June 16, 2026; expected close on or about June 30, 2026.
• Terms: no underwriting discounts or commissions; issuance exempt from registration under Section 4(a)(2) and Regulation D; investors fund drawdowns up to their capital commitments with at least 10 business days’ prior notice.

Why It Matters
This is a private capital raise through a drawdown on existing investor commitments, not a public registered offering. For current and prospective investors, the issuance increases the company’s outstanding shares, which can dilute per-share metrics (such as NAV per share). The filing shows the company is accessing committed capital from its investors rather than paying underwriting fees or conducting a public offering.