{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-091621","form_type":"8-K","ticker":null,"cik":"0001901037","company_name":"Stellus Private Credit BDC","filed_at":"2025-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.552100+00:00","generated_at":"2026-05-17T06:09:13.238137+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Stellus Private Credit BDC issues $15M in common shares via capital drawdown","bullets":["Capital drawdown notice for 981,034 common shares at $15.0M aggregate price.","Closing expected on or about September 29, 2025; no underwriting discounts paid.","Shares sold under subscription agreements exempt from registration (Section 4(a)(2) and Reg D)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-091621","json":"https://secwatch.observer/filing/0001104659-25-091621.json","markdown":"https://secwatch.observer/filing/0001104659-25-091621.md","text":"https://secwatch.observer/filing/0001104659-25-091621.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1901037/000110465925091621/0001104659-25-091621-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1901037/000110465925091621/tm2526253d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:09:13.238137+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ed478f1d70121936dcee9559ef416125e4b3097c","claim":"Stellus Private Credit BDC issued 981,034 common shares of beneficial interest of common stock to investors for $15,000,000.","evidence_excerpt":"On September 15, 2025, Stellus Private Credit BDC (the “Company”) delivered a capital drawdown notice to its investors relating to the sale of 981,034 common shares of beneficial interest (the “Shares”) of the Company for an aggregate offering price of $15,000,000.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1901037/000110465925091621/0001104659-25-091621-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"981,034 common shares of beneficial interest"},{"label":"Purchaser","value":"investors"},{"label":"Consideration","value":"$15,000,000"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}