10. Subsequent Events

In preparing these consolidated financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the consolidated financial statements were issued. The Company has determined that there were no subsequent events that occurred during such period that would require disclosure in this Form 10-Q or would be required to be recognized in the consolidated financial statements as of September 30, 2026, except as disclosed below.

Investment Activity

On November 2, 2026, the Company made an investment in 930 Ventures, LLC (d/b/a Factua) consisting of a term loan with a cost of $5,286,080 and 70,178 Class D-1 Units of Preferred Equity with a cost of $621,892. The Preferred Equity investment is held through the Subsidiary.

Distribution

On November 10, 2026, the Company declared a distribution of $16.136 per share, or $1,613,663, payable on November 19, 2026 to stockholders of record as of November 10, 2026.

Share Issuance

On October 1, 2026, the Company sold 2,909.57 shares of common stock, par value $0.001 per share, for an aggregate price of $3,000,000. The sale of shares was made pursuant to subscription agreements entered into by the Company and its investors.

Fee Waiver

Effective October 1, 2026, the Adviser allowed the term of the New Fee Waiver Letter to expire, and the Company recommenced paying the Adviser a Management Fee at an annual rate of 1.25% of the value of the Company’s net assets, in accordance with the Investment Advisory Agreement.