Neostellar Capital Corp. 8-K

What Happened
Neostellar Capital Corp. announced preliminary, unaudited results for the quarter ended June 30, 2026, estimating net asset value (NAV) at $13.25–$13.75 per share. For context, the company reported net assets of approximately $361.6 million ($14.24/share) as of March 31, 2026, and $219.4 million ($9.18/share) as of June 30, 2025. The company expects to release audited Q2 results in August 2026.

Key Details

• Preliminary NAV per share (June 30, 2026): $13.25–$13.75 (unaudited).
• Portfolio: 37 holdings as of June 30, 2026 (34 private, 3 public).
• Q2 investments: Huntress Labs $0.2M (common, 4/8/2026); ClickHouse $9.5M (Series A preferred, 4/22/2026); $15.0M into Magnetar Opportunity 2025-4 LP (Class B, 6/3/2026). Company committed $20.0M to that SPV and had funded the full $20.0M by June 30, 2026.
• Exits/proceeds in Q2: CW Opportunity 2 LP proceeds $6.5M (realized gain $4.6M); GrabAGun sales proceeds $0.5M (realized gain $0.3M); full exit of HL Digital Assets proceeds $5.2M (realized gain < $0.1M). Subsequent to quarter-end through July 8, additional GrabAGun proceeds $0.3M (gain $0.2M); remaining GrabAGun shares: 341,764.
• Cash/liquid securities: approx. $14.7M as of June 30, 2026. Shares outstanding: 26,473,222.

Why It Matters
This filing gives investors an early look at Neostellar’s quarterly health: a preliminary NAV per share below the March 31 level but well above the prior-year June 30 figure, reflecting portfolio changes and recent transactions. Key items to watch when the full Q2 report is released in August are the audited NAV, how recently funded commitments (e.g., Magnetar SPV) and new investments affect unrealized value, and the company’s liquidity given ~$14.7M in cash and public securities. All figures are preliminary and unaudited; actual results may change when formally reported.