| NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS PER COMMON SHARE—BASIC AND DILUTED |
NOTE
6—NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS PER COMMON SHARE—BASIC AND DILUTED
The
following information sets forth the computation of basic and diluted net change in net assets resulting from operations per common share,
pursuant to ASC 260, for the three and nine months ended September 30, 2026 and 2025.
SCHEDULE OF BASIC AND DILUTED COMMON SHARE
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three
Months Ended September 30, | | |
Nine
Months Ended September 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Earnings
per common share–basic: | |
| | | |
| | | |
| | | |
| | |
| Net change in net assets resulting
from operations | |
$ | (21,158,506 | ) | |
$ | 7,417,093 | | |
$ | 115,773,881 | | |
$ | 68,938,448 | |
| Weighted-average common
shares–basic | |
| 26,473,222 | | |
| 24,371,533 | | |
| 25,949,707 | | |
| 23,893,418 | |
| Earnings
per common share–basic | |
$ | (0.80 | ) | |
$ | 0.30 | | |
$ | 4.46 | | |
$ | 2.89 | |
| Earnings
per common share–diluted: | |
| | | |
| | | |
| | | |
| | |
| Net change in net assets resulting from operations | |
$ | (21,158,506 | ) | |
$ | 7,417,093 | | |
$ | 115,773,881 | | |
$ | 68,938,448 | |
| Adjustment
for interest and amortization on 6.50% Convertible Notes due 2029(1) | |
| — | | |
| 629,186 | | |
| 1,670,485 | | |
| 1,870,531 | |
| Net
change in net assets resulting from operations, as adjusted | |
$ | (21,158,506 | ) | |
$ | 8,046,279 | | |
$ | 117,444,366 | | |
$ | 70,808,979 | |
| Adjustment
for dilutive effect of 6.50% Convertible Notes due 2029(1) | |
| — | | |
| 4,618,046 | | |
| 4,215,854 | | |
| 4,515,027 | |
| Weighted-average common
shares outstanding–diluted(2) | |
| 26,473,222 | | |
| 28,989,579 | | |
| 30,165,561 | | |
| 28,408,445 | |
| Earnings
per common share–diluted | |
$ | (0.80 | ) | |
$ | 0.28 | | |
$ | 3.89 | | |
$ | 2.49 | |
| (1) | For
the three months ended September 30, 2026, 3,687,209 potentially dilutive common shares were
excluded from the weighted-average common shares outstanding for diluted net change in net
assets resulting from operations per common share because the effect of these shares would
have been antidilutive. |
| (2) | Shares contingently issuable upon redemption of the 6.50% Redeemable Promissory Note due 2029 could be dilutive in
the future but were excluded from diluted per-share calculations for the three and nine months ended September 30, 2026 because the Qualified
Fundraising contingency had not been satisfied. Refer to “Note 10—Debt Capital Activities” for the redemption terms. |
NEOSTELLAR
CAPITAL CORP. AND SUBSIDIARIES
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
September
30, 2026
|