Stellus Private Credit BDC: Unregistered sale of 655,739 shares for $10,000,000

What happened The filing reports that on Sep 15, 2026, Stellus Private Credit BDC delivered a capital drawdown notice relating to the sale of 655,739 common shares of beneficial interest for an aggregate offering price of $10,000,000. The filing states the sale was expected to close on or about Sep 29, 2026, and that on Sep 29, 2026 the Company issued 13,060 shares for an aggregate offering price of $199,160.50.

Key details

• 655,739 shares for an aggregate offering price of $10,000,000 (capital drawdown notice delivered Sep 15, 2026).
• On Sep 29, 2026, the Company issued 13,060 shares for an aggregate offering price of $199,160.50.
• Shares sold pursuant to subscription agreements; investors must fund drawdowns up to their capital commitment with a minimum of 10 business days' prior notice.
• Issuance and sale are reported as exempt from registration under Section 4(a)(2) and Regulation D; no underwriting discounts or commissions were or will be paid.

Why it may matter The filing reports Item 3.02: Unregistered sales of equity securities, which covers issuance and sale of securities not registered under the Securities Act. This filing does not show why the insider traded or why the company acted.