Every 8-K that Neostellar Capital Corp. (NSLR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow NSLR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NSLR filings page.
Neostellar Capital Corp. (symbol: NSLR) is the issuer of record for a Form 8-K filing submitted to the SEC.
Neostellar Capital Corp. reported results for the quarter ended June 30, 2026. Net assets were about $355.9 million, with Net Asset Value of $13.44 per share, compared with $14.24 per share at March 31, 2026 and $9.18 per share at June 30, 2025. Total investments at fair value were $405.9 million across 37 portfolio companies.
The quarter showed a net investment loss of $23.4 million, or $(0.90) per share, driven by roughly $20.0 million of accelerated, non-recurring expenses tied to the transition to an externally managed structure. Net realized gains on investments were $5.0 million, the net change in unrealized appreciation was a loss of $0.4 million, and the net decrease in net assets from operations was $(18.7) million, or $(0.72) per share.
The investment portfolio remained concentrated, with the top five holdings, led by Whoop, ARK Type One Deep Ventures Fund (exposure to OpenAI), IH10 (VAST Data), a TensorWave SPV, and Blink Health, representing about 69% of fair value. During the quarter Neostellar funded the remaining $15.0 million of its $20.0 million TensorWave commitment and invested $9.5 million in ClickHouse. Subsequent to quarter-end, a Magnetar affiliate provided $20.0 million via a 6.50% redeemable promissory note due 2029, which may be repaid in common shares if the company completes transactions raising at least $230.0 million of gross proceeds.
Neostellar Capital Corp., a Maryland business development company formerly known as SuRo Capital Corp., has completed its transition to an externally managed structure and rebranded under the Nasdaq ticker NSLR. A new Investment Advisory Agreement with Neostellar Advisors LLC, a joint venture between company executives and Magnetar Holdings LLC, grants the adviser broad authority to manage the portfolio.
Compensation includes a 1.75% per annum base fee on gross assets plus performance-based incentive fees on income and capital gains from new post‑July 15, 2026 investments only, with hurdle rates of 1.75% per quarter and 7.00% per year. An affiliated Magnetar entity provided a $20,000,000 redeemable promissory note bearing 6.50% interest, maturing in 2029, that must convert into common stock upon a Qualified Fundraising and be repaid at 105% of principal and interest upon a Change of Control.
The board expanded to seven directors and appointed Magnetar Partner Erik Falk as an interested director aligned with this externalization. A new Administration Agreement with an affiliate of the adviser shifts day‑to‑day administrative functions to that firm, reimbursed by Neostellar subject to board oversight.
Neostellar Capital Corp. reported preliminary second-quarter 2026 results, estimating net asset value at $13.25 to $13.75 per share as of June 30, 2026. Net assets were previously $361.6 million, or $14.24 per share, as of March 31, 2026.
The company completed its full $20.0 million commitment to TensorWave via Magnetar Opportunity 2025-4 LP and invested $9.5 million in ClickHouse, Inc., both focused on AI and enterprise infrastructure. It also exited or harvested gains from vehicles tied to CoreWeave, GrabAGun Digital Holdings, and HL Digital Assets, generating several million dollars of proceeds and realized gains.
As of June 30, 2026, Neostellar held positions in 37 portfolio companies, with liquid assets of about $14.7 million and 26,473,222 common shares outstanding. The company recently rebranded from SuRo Capital Corp. and expects to complete a transition to an externally managed structure, subject to customary regulatory approvals, and plans to announce full second-quarter results in August 2026.