Welcome to our dedicated page for Stellus Cap Invt SEC filings (Ticker: SCM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Stellus Capital Investment Corporation (NYSE: SCM) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, along with AI-assisted context to help interpret complex documents. Stellus Capital Investment Corporation is an externally managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940, and its filings reflect this structure.
Through its periodic and current reports, investors can review how Stellus Capital Investment Corporation describes its investment objective of maximizing total return through current income and capital appreciation, primarily by investing in debt of private middle-market and lower middle-market companies, typically with EBITDA between $5 million and $50 million, often with corresponding equity investments. Filings such as Form 8-K detail material events, including amendments to the senior secured revolving credit facility, entry into underwriting and equity distribution agreements, offerings and reopenings of 7.25% notes due 2030, and redemptions of 4.875% notes due 2026.
On this page, users can track debt and capital structure changes through 8-Ks describing new note issuances, redemption notices, and changes to borrowing capacity and terms under the credit facility. They can also see equity-related disclosures, such as at-the-market equity programs and shareholder meeting results, including approvals that affect potential share issuance below net asset value.
Stock Titan enhances these filings with AI-powered summaries that highlight key terms, covenants, and financial implications without replacing the full text. Real-time updates from EDGAR ensure that new forms, including 10-K and 10-Q when filed, as well as additional 8-Ks, are quickly available. Investors researching SCM’s leverage, liquidity, governance decisions, or compliance with BDC-related covenants can use this filings hub to navigate the company’s regulatory record more efficiently.
Stellus Capital Investment Corporation reported that its external investment adviser, Stellus Capital Management, agreed to be acquired by an affiliate of P10, Inc.. The adviser’s current partners will continue to run day-to-day operations, including investment decisions and investment committee processes, and will remain the Company’s external adviser.
Because the acquisition constitutes a change of control under the Investment Company Act of 1940, the existing investment advisory agreement will automatically terminate at closing. The Board of Directors and stockholders will be asked to approve a new advisory agreement with Stellus Capital Management, which is expected to have terms consistent with the current agreement other than the initial term. Closing is expected in the middle of 2026, subject to customary conditions.
Stellus Capital Investment Corporation plans to fully retire its remaining 4.875% Notes due 2026. The company previously redeemed 50% of this issue, or
Stellus Capital Investment Corporation reports financial results for the quarter ended September 30, 2025. Total assets were $1,028,644,337 compared with $980,900,249 at December 31, 2024, reflecting a larger portfolio of primarily non-controlled, non-affiliated investments carried at fair value of $996,641,541.
Total liabilities rose to $650,914,010 from $610,978,309, driven by higher notes payable of $172,522,707 and a sizable credit facility and SBA‑guaranteed debentures. Net assets increased to $377,730,327 from $369,921,940, while net asset value per share was $13.05, down from $13.46, with 28,947,254 shares outstanding as of November 10, 2025.
For the three months ended September 30, 2025, total investment income was $26,275,709, slightly below $26,498,259 a year earlier, while operating expenses net of fee waivers were $17,140,268 versus $16,238,569. Net investment income was $9,135,441 compared with $10,259,690 in the prior‑year quarter, as higher interest and fee costs offset steady interest income from the investment portfolio.
Stellus Capital Investment Corporation completed a $50 million offering of 7.250% Notes due 2030, issued as an additional series under its existing indenture. The sale generated total proceeds of $50,648,000 before underwriting discounts and expenses and increases the outstanding principal of this note series to $125,000,000.
The notes pay 7.250% interest semi-annually starting October 1, 2025, mature on April 1, 2030, and rank as the company’s direct unsecured, unsubordinated debt, alongside its existing 4.875% Notes due 2026. Stellus may redeem the notes at a make-whole premium before October 1, 2029, and at par thereafter, and must offer to repurchase them at 100% of principal if a defined change of control event occurs. The company expects to use the net proceeds to repay a portion of its 2026 notes.
Stellus Capital Investment Corporation has priced a public reopening of
The new notes will form a single series with the existing notes, sharing the same terms, CUSIP number, and equal ranking under the indenture. Closing is subject to customary conditions, with delivery expected on or about
Stellus Capital Investment Corporation has amended its senior secured revolving credit facility, increasing total lender commitments from
The company also reduced borrowing costs, setting the applicable margin on Eurocurrency, SOFR and SONIA loans to a range of
Stellus Capital Investment Corporation entered into an equity distribution agreement with Keefe, Bruyette & Woods and Raymond James to establish an at-the-market stock offering program. The company may issue and sell from time to time up to $100,000,000 in aggregate offering price of its common shares through these firms as sales agents or to them as principal.
The company plans to use any net proceeds from this at-the-market program to repay outstanding indebtedness and to make investments in portfolio companies consistent with its investment objective and strategies. The sales agents will receive a 1.5% commission on the gross sales price of any shares sold, plus reimbursement of certain expenses. Sales will be made under an effective shelf registration statement on Form N-2 and related prospectus materials.
Stellus Capital Investment Corporation (SCM) reported a material event on an 8-K indicating it filed a notice of redemption for its 4.875% Notes due 2026. The filing lists Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits) and identifies Exhibit 99.1 as the "Notice of Redemption of 4.875% Notes due 2026." The document provides the exhibit description but does not include the full redemption terms, timing, payment amounts, or source of funds within the text provided here.
Stellus Capital Investment Corporation (NYSE: SCM) disclosed the results of its 17 June 2025 Annual Meeting in an 8-K filed on 20 June 2025 (Item 5.07).
Voting participation: 15,187,040 of 28,416,148 eligible shares (≈53.4%) were represented in person or by proxy.
Proposal 1 – Election of Directors:
- Dean D’Angelo: 14,468,514 FOR / 718,526 WITHHELD (≈95.3% support)
- William C. Repko: 13,693,643 FOR / 1,493,396 WITHHELD (≈90.2% support)
Both nominees were elected for three-year terms expiring at the 2028 Annual Meeting.
Proposal 2 – Authorization to Issue Shares Below NAV: Shareholders approved permitting the Board to sell or issue up to 25 % of outstanding common stock at prices below the then-current net asset value (NAV) per share.
- All shareholders: 11,161,327 FOR (≈70.2%), 3,306,930 AGAINST, 718,771 ABSTAIN
- Non-affiliate shareholders: 10,028,907 FOR, 3,306,930 AGAINST, 718,771 ABSTAIN
The authorization provides the company with added financing flexibility typical for Business Development Companies (BDCs) but could be dilutive if executed.
No other matters were brought before the meeting, and no financial performance data were presented in this filing.