{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-047868","form_type":"8-K","ticker":null,"cik":"0001901037","company_name":"Stellus Private Credit BDC","filed_at":"2026-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.258736+00:00","generated_at":"2026-05-15T04:38:19.417681+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 660,941 common shares for $10M aggregate","bullets":["Capital drawdown notice delivered April 17, 2026 for 660,941 shares at aggregate offering price of $10,000,000.","No underwriting discounts or commissions paid on the sale.","Sale expected to close on or about May 1, 2026 pursuant to subscription agreements.","Issuance exempt from registration under Section 4(a)(2) of Securities Act and Regulation D.","Drawdown notice requires minimum 10 business days' prior notice to investors."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-047868","json":"https://secwatch.observer/filing/0001104659-26-047868.json","markdown":"https://secwatch.observer/filing/0001104659-26-047868.md","text":"https://secwatch.observer/filing/0001104659-26-047868.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1901037/000110465926047868/0001104659-26-047868-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1901037/000110465926047868/tm2612525d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:38:19.417681+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":"f4db31cd51eaf84449353ffcbc64e5b55522cb6a","claim":"Stellus Private Credit BDC issued 660,941 common shares of common stock to investors for $10,000,000 aggregate.","evidence_excerpt":"On April 17, 2026, Stellus Private Credit BDC (the “Company”) delivered a capital drawdown notice to its investors relating to the sale of 660,941 common shares of beneficial interest (the “Shares”) of the Company for an aggregate offering price of $10,000,000.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1901037/000110465926047868/0001104659-26-047868-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"660,941 common shares"},{"label":"Purchaser","value":"investors"},{"label":"Consideration","value":"$10,000,000 aggregate"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}