Steele Creek Capital Corp 8-K
Research Summary
AI-generated summary
Steele Creek Capital Corp Reports Unregistered Sale of ~$50K Common Stock
What Happened
- Steele Creek Capital Corp filed an 8-K on March 3, 2026, reporting that on March 2, 2026 the company sold approximately $50,000 worth of its common stock (par value $0.001).
- The exact number of shares and the per-share purchase price are not yet determined; the company will calculate the net asset value (NAV) per share within two business days of the sale and amend the Form 8-K to disclose those details.
Key Details
- Sale date: March 2, 2026; 8-K filed: March 3, 2026.
- Approximate proceeds: $50,000.
- Security: Common stock, par value $0.001 per share; actual shares to be issued based on NAV per share to be determined.
- How sold: Pursuant to subscription agreements (investors paid at subscription time).
- Exemption: Issuance claimed exempt from registration under Section 4(a)(2) and Regulation D of the Securities Act.
Why It Matters
- This is a small, unregistered capital raise that will increase outstanding shares once the NAV-based per-share price is disclosed.
- Retail investors should watch for the company’s forthcoming amendment to the 8-K for the per-share purchase price and the exact number of shares issued, which will show the dilution effect and final proceeds.
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