Neostellar Capital Corp.: reports preliminary Q3 2026 NAV and portfolio update

What happened

• Neostellar Capital Corp issued a press release on Oct 5, 2026 containing preliminary estimates of its results for the third quarter ended Sep 30, 2026.
• The company reported an estimated net asset value of between $12.25 and $12.75 per share as of Sep 30, 2026.

Key details

• As previously reported, net assets were approximately $355,900,000, or $13.44 per share, as of Jun 30, 2026, compared to approximately $231,800,000, or $9.23 per share, as of Sep 30, 2025.
• As of Sep 30, 2026, the company held positions in 34 portfolio companies (30 privately held, 4 publicly held) and had liquid assets of approximately $42,200,000. There were 26,473,222 shares of common stock outstanding as of Sep 30, 2026.
• Investments and dispositions during the quarter included exercising 86,076 warrants to receive 86,076 common shares of Shogun Enterprises, Inc. (d/b/a Hearth) on Jul 10, 2026 (amount invested $<100,000); sales and proceeds included GrabAGun Digital Holdings Inc. common shares (various dates) net proceeds $400,000 with realized gain $300,000, Learneo, Inc. sale on Sep 21, 2026 net proceeds $9,400,000 with realized loss ($5,600,000), CW Opportunity 2 LP proceeds $2,000,000 with realized gain $1,400,000, Aventine Property Group, Inc. sale on Jul 8, 2026 net proceeds $<100,000 with realized loss ($2,500,000), and abandonment of CTN Holdings, Inc. on Sep 25, 2026 with realized loss ($1,300,000).
• Financing and capital actions: on Jul 17, 2026 the company received $20,000,000 under a redeemable promissory note from a Magnetar-affiliated entity bearing interest at 6.50% per annum, payable semiannually, maturing Jul 16, 2029, with conversion on specified financing conditions; the board extended a discretionary note repurchase program (approved Oct 29, 2025) to repurchase up to an additional $40,000,000 of 6.00% Notes due 2026, and as of Sep 30, 2026 the company had repurchased 1,568,791 of the 6.00% Notes (an additional 1,984 repurchased during the quarter), with approximately $35,800,000 of principal remaining available for repurchase.
• The company stated the preliminary financial estimates are unaudited and expects to announce third quarter results in Nov 2026.

Why it may matter

• Item 2.02 (results of operations and financial condition) and Item 8.01 (other events) were reported; the items cover preliminary NAV estimates, portfolio investments and realizations, liquidity, and recent financing and repurchase program activity. The filing does not show why the insider traded or why the company acted.