Steele Creek Capital Corp 8-K
Research Summary
AI-generated summary
Steele Creek Capital Corp Sells ~$70K in Unregistered Common Stock
What Happened
Steele Creek Capital Corp filed an 8-K on February 3, 2026 disclosing that on February 2, 2026 it sold approximately $70,000 worth of its common stock (par value $0.001 per share). The exact number of shares to be issued will be determined based on the company's net asset value (NAV) per share calculated within two business days of the sale. The company said it will amend the Form 8‑K to report the per‑share purchase price and the final number of shares once the NAV is set.
Key Details
- Sale date: February 2, 2026; 8‑K filed February 3, 2026.
- Approximate proceeds: $70,000 of common stock (par value $0.001).
- Share count and per‑share price: To be determined based on NAV within two business days of the sale; amendment to be filed when available.
- Transaction terms: Shares sold under subscription agreements; investors paid at subscription; issuance claimed exempt from registration under Section 4(a)(2) and Regulation D.
Why It Matters
This filing notifies investors of a small capital raise through private subscriptions rather than a registered offering. The NAV‑based pricing means the final share count and exact per‑share price are not yet disclosed, so investors should watch for the forthcoming amendment for full terms. The exemption under Section 4(a)(2) and Regulation D is common for private sales but signals these shares were not offered via a public registration.