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Get filing alertsStellus Capital executes new advisory agreement following Ridgepost Capital acquisition
Filed June 22, 2026 · Period ending June 22, 2026 · ~1 min read
Key Changes
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New investment advisory agreement with Stellus Capital Management became effective June 22, 2026, following Ridgepost Capital's acquisition of the advisor and resulting change of control.
Item 1.01 verify on EDGAR → -
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Advisory terms unchanged from prior October 2012 agreement, including all fee structures (base management fees and incentive fees). Initial two-year term with annual renewal required.
Item 1.01 verify on EDGAR → -
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Ridgepost Capital, Inc., the new parent company of the advisor, is a NYSE-listed reporting company. Stockholders approved the arrangement June 16, 2026.
Item 1.01 verify on EDGAR →
Summary
Stellus Capital Investment Corp entered into a new investment advisory agreement on June 22, 2026, following the completion of Ridgepost Capital's acquisition of its advisor, Stellus Capital Management. The acquisition triggered a change of control that required a new advisory agreement under Investment Company Act requirements. Stockholders approved the new arrangement on June 16, 2026.
For SCM shareholders, the key takeaway is continuity: the new advisory agreement replicates the terms of the prior October 2012 agreement, including all fee structures. The advisor's operations remain under the same Stellus Capital Management name, now owned by Ridgepost Capital, Inc., a NYSE-listed reporting company.
The agreement has an initial two-year term and requires annual board approval thereafter, maintaining standard BDC governance oversight. This is a regulatory formality following the ownership change rather than a material shift in investment strategy or economics.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 22, 2026, the Company entered into the New Advisory Agreement.
The company executed a new investment advisory agreement with Stellus Capital Management on June 22, 2026, after stockholder approval on June 16, 2026. The terms are identical to the prior agreement from October 26, 2012, including all advisory fees, base management fees, and incentive fees. The new agreement has an initial two-year term and requires annual renewal approval by the board and independent directors.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 24, 2026 · How we verify