Palmer Square Capital BDC Inc 8-K, filed Mar 15, 2023
Palmer Square Capital BDC Inc. (PSBD)
About this 8-K
Palmer Square Capital BDC Inc filed this 8-K on March 15, 2023, reporting on events of March 14, 2023.
Items reported
- Item 3.02: Unregistered sale of equity
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CURRENT REPORT
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Item 3.02. Unregistered Sales of Equity Securities.
On March 14, 2023, Palmer Square Capital BDC Inc. (the “Company”) issued and sold 561,136.70 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) for an aggregate offering price of $9,152,140 and a price per share of $16.31. The sale of Common Stock was made pursuant to subscription agreements entered into by the Company and its investors. Under the terms of the subscription agreements, investors are required to fund drawdowns to purchase shares of Common Stock up to the amount of their respective capital commitments on an as-needed basis with a minimum of 10 days’ prior notice to investors.
The issuance of the Common Stock was exempt from the registration requirements of the Securities Act of 1933, as amended, (the “Securities Act”) pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company relied, in part, upon representations from the investors in the subscription agreements that each investor was an accredited investor as defined in Regulation D under the Securities Act.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Palmer Square Capital BDC Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Palmer Square Capital BDC Inc. | ||
| Date: March 15, 2023 | By: | /s/ Jeffrey D. Fox |
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Name: |
Jeffrey D. Fox | |
| Title: | Chief Financial Officer | |
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