{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-122530","form_type":"8-K","ticker":null,"cik":"0001901037","company_name":"Stellus Private Credit BDC","filed_at":"2025-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.022764+00:00","generated_at":"2026-05-16T12:47:21.193647+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Stellus Private Credit BDC issues capital drawdown for 491,481 shares at $7.5M","bullets":["Capital drawdown notice on Dec 16, 2025 for 491,481 common shares at aggregate $7,500,000.","No underwriting discounts/commissions; expected close Dec 30, 2025.","Shares sold under subscription agreements; exempt under Section 4(a)(2) and Reg D."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-122530","json":"https://secwatch.observer/filing/0001104659-25-122530.json","markdown":"https://secwatch.observer/filing/0001104659-25-122530.md","text":"https://secwatch.observer/filing/0001104659-25-122530.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1901037/000110465925122530/0001104659-25-122530-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1901037/000110465925122530/tm2533798d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:47:21.193647+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":"4e43c2f6bf7256d6b20b0c7b2c41aba0b61f6e33","claim":"Stellus Private Credit BDC issued 491,481 common shares of common stock to investors for $7,500,000 aggregate offering price.","evidence_excerpt":"On December 16, 2025, Stellus Private Credit BDC (the “Company”) delivered a capital drawdown notice to its investors relating to the sale of 491,481 common shares of beneficial interest (the “Shares”) of the Company for an aggregate offering price of $7,500,000.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1901037/000110465925122530/0001104659-25-122530-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"491,481 common shares"},{"label":"Purchaser","value":"investors"},{"label":"Consideration","value":"$7,500,000 aggregate offering price"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}