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 is seeking shareholder approval to ratify a New Investment Advisory Agreement that is materially identical to the existing agreement so Stellus Capital Management may continue advising the company following an announced change in control of the Advisor. The Advisor Change in Control contemplates Ridgepost Capital, LLC acquiring Stellus Capital Management; Ridgepost reported $43 billion in assets under management as of December 31, 2025. The Board, including its Independent Directors, unanimously approved the New Investment Advisory Agreement and recommends a vote FOR. The virtual Annual Meeting is scheduled for June 16, 2026, and the record date for voting is April 15, 2026. The proposal requires approval under the 1940 Act by Independent Directors and by stockholders under the statutory “majority of the outstanding voting securities” thresholds described in the proxy.
Stellus Capital Investment Corp director Bruce R. Bilger increased his direct stake through multiple open-market purchases of common stock. On 2026-03-13, he bought 19,417 shares at $8.76, 10,362 shares at $8.70, 11,111 shares at $8.73, and 4,600 shares at $8.75 per share. After these transactions, he directly owned 228,055 shares of Stellus Capital Investment Corp common stock.
Stellus Capital Investment Corp CFO and CCO W. Todd Huskinson bought additional company stock in the open market. On this Form 4, he reports purchasing 5,700 shares of common stock at a price of $8.785 per share on March 13, 2026. After this transaction, he directly owns 54,297 Stellus Capital Investment Corp common shares. A footnote explains that, since his prior Form 4 and before this trade, he had also acquired 26,866 shares through the company’s Dividend Reinvestment Plan, which has contributed to the growth of his overall stake.
Stellus Capital Investment Corp President and CEO Robert T. Ladd reported open-market purchases of the company’s common stock. On March 13, 2026, he bought 35,000 shares at $8.70 per share. On March 16, 2026, he bought an additional 1,700 shares at $8.45 per share. Following these transactions, he directly owns 669,635.113 shares of Stellus Capital common stock. A footnote notes that some holdings include shares acquired through the company’s Dividend Reinvestment Plan.
Stellus Capital Investment Corporation is an externally managed business development company that provides debt and related equity financing to private U.S. lower middle‑market companies, generally with $5 million to $50 million of EBITDA. It focuses on first lien (including unitranche), second lien, unsecured loans and equity co‑investments, often to highly leveraged borrowers that would likely be rated as junk if evaluated by rating agencies.
The portfolio is sourced through Stellus Capital Management’s sponsor and intermediary network. Stellus operates under a co‑investment exemptive order that allows it to invest alongside affiliated BDCs and private funds when a required majority of independent directors determines the terms are fair and consistent with its strategy. As of December 31, 2025, Stellus met regulated investment company tax requirements and BDC qualifying‑asset rules, which mandate that at least 70% of total assets be invested in qualifying U.S. portfolio companies, including private firms and certain smaller public issuers under a $250 million market capitalization threshold.
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 $50,000,000 aggregate principal amount, on September 30, 2025. It now intends to redeem 100% of the remaining 2026 Notes, or another $50,000,000 aggregate principal amount, on December 31, 2025, the stated redemption date. The redemption price will equal 100% of the aggregate principal amount being redeemed plus accrued and unpaid interest for the current quarterly interest period up to, but excluding, the redemption date.
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 $50.0 million aggregate principal amount of 7.25% notes due 2030. These new notes are an additional issuance to the $75.0 million of 7.25% notes due 2030 issued on April 1, 2025, bringing the total outstanding for this series to $125.0 million.
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 September 25, 2025. Stellus intends to use the net proceeds to repay part of its $100.0 million of 4.875% notes due 2026.