secwatch.observer — SEC 8-K summary
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Issuer:     SURO CAPITAL CORP. (SSSS)
CIK:        0001509470
Form:       8-K
Filed at:   2026-07-21T12:30:30+00:00
Accession:  0001493152-26-034015
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Neostellar (fka SuRo) launches externally managed BDC with Magnetar, issues $20M note
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- Externalization effective July 15, 2026; Neostellar Advisors LLC (joint venture with Magnetar) becomes investment adviser.
- Base management fee of 1.75% of gross assets; incentive fee with 1.75% quarterly hurdle (income) and 7% annual hurdle (capital gains).
- Issued $20M redeemable promissory note to Magnetar affiliate MCP Investing LLC at 6.50% interest, maturing 2029.
- Erik Falk, Magnetar Partner and Head of Strategy, appointed to Board of Directors effective July 15, 2026.
- Company now trades on Nasdaq under new ticker NSLR; Magnetar affiliate invested $20M in the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509470/000149315226034015/0001493152-26-034015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509470/000149315226034015/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-034015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer