Stellus Capital Management to be acquired by P10; BDC shareholders to vote on new advisory agreement

Stellus Capital Investment Corp

Acquisition of external adviser Stellus Capital Management by P10 (NYSE:PX) for undisclosed terms; expected close mid-2026.
Current management team remains; day-to-day operations, investment decisions unchanged.
Transaction triggers assignment of advisory agreement; BDC shareholders must approve new agreement with same terms.
P10 has >$40B AUM; Stellus has $3.8B AUM as lower-middle market direct lender.
P10's sponsor network expected to broaden Stellus' direct lending opportunities.

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