# Neostellar Capital Corp. (SSSSL) — capital_raise [completed]
Source: SEC API (secapi.ai) · situation sit_dc5cc2eaadff5a0577ea · retrieved 2026-08-11T15:48:44.878Z

## Overview
Neostellar Capital Corp. is a Maryland-incorporated closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940.

On July 15, 2026, Neostellar Capital Corp. (formerly SuRo Capital Corp.), a Maryland-incorporated BDC, entered into an Investment Advisory Agreement with Neostellar Advisors LLC, a Delaware LLC jointly owned by certain Company officers and Magnetar Holdings LLC and its affiliates. The Adviser will manage the Company's investment and reinvestment of assets, including sourcing, evaluating, structuring, closing, monitoring and disposing of investments. The Company will pay the Adviser a base management fee of 1.75% per annum of gross assets (payable monthly in arrears, calculated on average value of gross assets at the end of the two most recently completed calendar quarters) and a two-part incentive fee comprising a quarterly income-based fee and an annual capital gains fee. The Investment Advisory Agreement has an initial two-year term beginning on the Effective Date and continues annually thereafter subject to required Board and stockholder approvals; it may be terminated without penalty on 60 days' written notice by the Adviser, the Board, or a majority vote of outstanding voting securities.

## Terms
- Counterparty: Neostellar Advisors LLC

## Key dates
- Vote 2026-06-10 · Completed 2026-07-15

## Timeline
- 2026-07-21 · 8-K (0001493152-26-034015): 8-K - Neostellar Capital Corp. — *Neostellar Capital Corp. is a Maryland-incorporated closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940.* On July 15, 2026, Neostellar Capital Corp. (formerly SuRo Capital Corp.), a Maryland-incorporated BDC, entered into an Investment Advisory Agreement with Neostellar Advisors LLC, a Delaware LLC jointly owned by certain Company officers and Magnetar Holdings LLC and its affiliates. The Adviser will manage the Company's investment and reinvestment of assets, including sourcing, evaluating, structuring, closing, monitoring and disposing of investments. The Company will pay the Adviser a base management fee of 1.75% per annum of gross assets (payable monthly in arrears, calculated on average value of gross assets at the end of the two most recently completed calendar quarters) and a two-part incentive fee comprising a quarterly income-based fee and an annual capital gains fee. The Investment Advisory Agreement has an initial two-year term beginning on the Effective Date and continues annually thereafter subject to required Board and stockholder approvals; it may be terminated without penalty on 60 days' written notice by the Adviser, the Board, or a majority vote of outstanding voting securities.
  https://www.sec.gov/Archives/edgar/data/1509470/0001493152-26-034015.txt

## Citations
- 0001493152-26-034015 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034015