CNL Strategic Capital, LLC 8-K

What Happened

• CNL Strategic Capital, LLC filed an 8-K (May 4, 2026) reporting that its special meeting of shareholders, originally called on March 30, 2026 and adjourned to April 30, 2026, was reconvened on April 30, 2026 but the vote on the Enhanced Liquidity Plan (Proposal No. 1) was again adjourned to solicit additional proxies. The reconvened meeting to consider Proposal No. 1 is scheduled for May 27, 2026 at 2:00 p.m. ET at CNL Center at City Commons, Tower I, 450 South Orange Avenue, Orlando, FL 32801.
• Shareholders did vote on Proposal No. 2 (approval to adjourn the meeting if there were not sufficient votes to approve the Enhanced Liquidity Plan); that adjournment measure passed based on the votes cast at the April 30 reconvened session.

Key Details

• Record date: January 27, 2026 (36,307,994 shares eligible to vote).
• Shares voted at reconvened meeting (April 30, 2026): 20,000,412.
• Proposal No. 2 vote totals: For 18,490,603; Against 566,537; Withheld 943,272.
• Valid proxies submitted before April 30 remain valid for the May 27 reconvened meeting unless changed or revoked.

Why It Matters

• The company has postponed the final shareholder decision on its Enhanced Liquidity Plan to gather more votes, so investors should expect the definitive outcome after the May 27 reconvened meeting.
• Important procedural details: the record date did not change and previously submitted proxies still count unless revoked, so shareholders who have already voted may not need to take further action unless they want to change their vote.
• The filing also contains a forward‑looking statement caution and refers investors to the company’s 2025 Form 10‑K risk factors for additional context on risks related to distributions, investments and market conditions.