secwatch.observer — SEC 8-K summary
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Issuer:     Stellus Capital Investment Corp (SCM)
CIK:        0001551901
Form:       8-K
Filed at:   2022-08-29T23:59:59+00:00
Accession:  0001104659-22-095655
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stellus Capital enters into $50M ATM equity distribution agreement with KBW and Raymond James
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- Company may sell up to $50M in common stock via ATM offering through Keefe, Bruyette & Woods and Raymond James.
- Sales agents will receive 1.5% commission on the gross sales price of any shares sold.
- Net proceeds to repay outstanding debt and make investments in portfolio companies.
- Agreement amends and restates the prior equity distribution agreement dated November 16, 2021.
- Shares to be sold under a prospectus supplement dated August 29, 2022 and a shelf registration statement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551901/000110465922095655/0001104659-22-095655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551901/000110465922095655/tm2224688d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-095655

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