Neostellar Capital Corp. (formerly SuRo Capital Corp.), trading on the Nasdaq Global Select Market under the ticker NSLR, filed its quarterly report on Form 10-Q for the period ended June 30, 2026, on August 6, 2026.

Key Highlights

  • Net assets rose to $355,856,986 as of June 30, 2026, up from $205,316,251 at December 31, 2025, according to the filing.
  • Net asset value per share increased to $13.44 from $8.09 at year-end 2025, as reported in the condensed consolidated statements of assets and liabilities.
  • Total investments at fair value reached $405,851,701 as of June 30, 2026, compared with $225,511,505 at December 31, 2025.
  • Net change in net assets from operations for the six months ended June 30, 2026 was $136,932,387, or $5.33 per basic share, driven largely by unrealized appreciation.
  • Total operating expenses for the six-month period were $28,364,789, with compensation expense of $21,672,574 comprising the largest component.
  • 26,473,222 shares of common stock were outstanding as of August 5, 2026, at a par value of $0.01 per share.

Neostellar Capital's Balance Sheet and Investment Portfolio Shift in First Half 2026

Neostellar Capital Corp., formerly known as SuRo Capital Corp., is incorporated in Maryland and maintains its principal offices at 640 Fifth Avenue, 12th Floor, New York, NY 10019. The company's common stock trades on the Nasdaq Global Select Market under the symbol NSLR, and its 6.00% Notes due 2026 trade under the symbol NSLRL on the same exchange. The filing classifies the registrant as a non-accelerated filer.

According to the filing, total investments at fair value grew to $405,851,701 as of June 30, 2026, from $225,511,505 at December 31, 2025. Non-controlled/non-affiliate investments carried a cost of $241,230,810 and a fair value of $397,381,734 at the period end. The company also held non-controlled/affiliate investments with a cost of $21,609,640 and a fair value of $8,469,967. The accumulated net unrealized appreciation of investments stood at $143,011,252 at June 30, 2026, compared with an accumulated net unrealized depreciation of $15,314,278 at December 31, 2025, reflecting a net change in unrealized appreciation of $158,325,530 for the six-month period.

The filing reported a net investment loss of $27,333,176 for the six months ended June 30, 2026, compared with a net investment loss of $7,383,929 for the same period in 2025. Compensation expense for the six months was $21,672,574, up from $3,239,691 in the prior-year period. Total investment income for the six months was $1,031,613. On the liabilities side, the company carried $35,735,465 in 6.00% Notes due December 30, 2026, with a face value of $35,829,825 and an effective interest rate of 6.43%, and $26,421,748 in 6.50% Convertible Notes due August 14, 2029, with a face value of $27,000,000 and an effective interest rate of 8.06%, as disclosed in the filing.

What Was Disclosed

Neostellar Capital Corp. disclosed its unaudited condensed consolidated financial statements for the quarter and six months ended June 30, 2026, covering changes in net assets, investment portfolio composition, operating expenses, and outstanding debt obligations as of that date.