SuRo Capital Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(f/k/a SuRo Capital Corp.)
(Exact name of registrant as specified in its charter)
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Item 2.02. Results of Operations and Financial Condition.
On July 8, 2026, Neostellar Capital Corp. (“Neostellar” or the “Company”) issued a press release containing preliminary estimates of its results for the second quarter ended June 30, 2026 (the “Press Release”). A copy of the Press Release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 2.02 by reference.
The information disclosed under this Item 2.02, including the information set forth in Exhibit 99.1 hereto, is being “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise. The information in this Item 2.02 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except as otherwise expressly stated in any such filing.
Item 8.01. Other Events.
Preliminary Estimates and Investment Portfolio Update
On July 8, 2026, the Company disclosed the following information in the Press Release.
Preliminary Net Asset Value
As previously reported, the Company’s net assets totaled approximately $361.6 million, or $14.24 per share, as of March 31, 2026, compared to approximately $219.4 million, or $9.18 per share, as of June 30, 2025.
As of June 30, 2026, the Company’s net asset value is estimated to be between $13.25 and $13.75 per share.
Investment Portfolio Update
As of June 30, 2026, the Company held positions in 37 portfolio companies – 34 privately held and 3 publicly held.
During the three months ended June 30, 2026, the Company made the following investments:
| Portfolio Company | Investment | Transaction Date | Amount(1) | |||||
| Huntress Labs Inc. | Common Shares | 4/8/2026 | $ | 0.2 million | ||||
| ClickHouse, Inc. | Series A Preferred Shares | 4/22/2026 | $ | 9.5 million | ||||
| Magnetar Opportunity 2025-4 LP(2) | Class B Interest | 6/3/2026 | $ | 15.0 million | ||||
| (1) | Amount invested does not include capitalized costs or prepaid expenses, if applicable. |
| (2) | Magnetar Opportunity 2025-4 LP is a special purpose vehicle (SPV) invested in TensorWave, Inc. On December 31, 2025, the Company committed up to $20.0 million to Magnetar Opportunity 2025-4 LP. As of June 30, 2026, the entire $20.0 million capital commitment to Magnetar Opportunity 2025-4 LP has been funded. |
During the three months ended June 30, 2026, the Company exited and/or received proceeds from the following investments:
| Portfolio Company | Transaction Date |
Quantity
/ Initial Capital |
Average
Net Share Price(1) |
Net Proceeds | Realized Gain | |||||||||||||
| CW Opportunity 2 LP | Various | 12.2 | % | N/A | $ | 6.5 million | $ | 4.6 million | (2) | |||||||||
| GrabAGun Digital Holdings Inc. - Common Shares(3) | Various | 147,135 | $ | 3.18 | $ | 0.5 million | $ | 0.3 million | ||||||||||
| HL Digital Assets Inc.(4) | 6/5/2026 | 100 | % | N/A | $ | 5.2 million | $ | <0.1 million | ||||||||||
| (1) | The average net share price is the net share price realized after deducting all commissions and fees on the sale(s), if applicable. |
| (2) | CW Opportunity 2 LP is an SPV for which the Class A Interest is solely invested in the Class A Common Shares of CoreWeave, Inc. Realized gain is calculated based on the current reporting by the SPV and may be subject to change or adjustment due to the impact of performance fees. |
| (3) | As of June 30, 2026, the Company holds 452,619 common shares of GrabAGun Digital Holdings, Inc. |
| (4) | HL Digital Assets Inc.’s primary purpose is to invest in HYPE, the digital token of Hyperliquid. On June 5, 2026, the Company received a distribution reflecting a full exit of the Company’s investment in HL Digital Assets Inc. |
Subsequent to quarter-end through July 8, 2026, the Company received proceeds from the following investment:
| Portfolio Company | Transaction Date | Quantity / Initial Capital | Average
Net Share Price(1) | Net Proceeds | Realized Gain | |||||||||||||
| GrabAGun Digital Holdings Inc. - Common Shares(2) | Various | 110,855 | $ | 3.13 | $ | 0.3 million | $ | 0.2 million | ||||||||||
| (1) | The average net share price is the net share price realized after deducting all commissions and fees on the sale(s), if applicable. |
| (2) | As of July 8, 2026, the Company holds 341,764 common shares of GrabAGun Digital Holdings, Inc. |
The Company’s liquid assets were approximately $14.7 million as of June 30, 2026, consisting of cash and securities of publicly traded portfolio companies at quarter-end.
As of June 30, 2026, there were 26,473,222 shares of the Company’s common stock outstanding.
Preliminary Estimates and Guidance
The preliminary financial estimates provided herein are unaudited and have been prepared by, and are the responsibility of, the management of the Company. Neither the Company’s independent registered public accounting firm, nor any other independent accountants, have audited, reviewed, compiled, or performed any procedures with respect to the preliminary financial data included herein. Actual results may differ materially.
The Company expects to announce its second quarter ended June 30, 2026 results in August 2026.
Forward-Looking Statements
Statements included herein, including statements regarding the Company’s beliefs, expectations, intentions, or strategies for the future, may constitute “forward-looking statements.” The Company cautions that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. All forward-looking statements involve a number of risks and uncertainties, including the impact of any market volatility that may be detrimental to our business, our portfolio companies, our industry, and the global economy, that could cause actual results to differ materially from the plans, intentions, and expectations reflected in or suggested by the forward-looking statements. With respect to the pending externalization, these risks and uncertainties include, but are not limited to: the ability to retain key personnel; the ability to realize the anticipated benefits of the externalization; and the impact of the externalization on the Company’s business, financial condition, and results of operations. Risk factors, cautionary statements, and other conditions which could cause the Company’s actual results to differ from management’s current expectations, are contained in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date of this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| Exhibit 99.1 | Press Release dated July 8, 2026* | |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
* The press release attached hereto as Exhibit 99.1 is “furnished” and not “filed,” as described in Item 2.02 of this Current Report on Form 8-K.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 8, 2026 | NEOSTELLAR CAPITAL CORP. | |
| By: | /s/ Allison Green | |
| Allison Green | ||
| Chief Financial Officer, Treasurer and | ||
| Corporate Secretary | ||