{"filing":{"accession_number":"0001493152-26-034015","cik":"0001509470","ticker":"SSSSL","company_name":"Neostellar Capital Corp.","form":"8-K","filing_date":"2026-07-21","report_date":null,"primary_document":"form8-k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1509470/000149315226034015/form8-k.htm"},"events":[{"id":18991,"run_id":17091,"accession_number":"0001493152-26-034015","anchor_item_number":null,"event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"summary":"The filing discloses the Company's transition from an internally managed BDC to an externally managed structure through entry into an Investment Advisory Agreement with Neostellar Advisors LLC (a joint venture between Company executives and Magnetar Holdings LLC) effective July 15, 2026, along with a concurrent Administration Agreement. This represents a material strategic restructuring and change in investment management operations. While Item 1.01 (Entry into a Material Definitive Agreement) is cited, the substance is an operational and strategic transformation—rebranding from SuRo Capital to Neostellar Capital, changing ticker symbol to NSLR, and fundamentally altering the Company's management structure. A $20 million investment by a Magnetar affiliate underscores the materiality. This does not fit neatly into governance_other (no board/auditor/shareholder-vote action is the principal event) or financial_other (no debt, dividend, or capital issuance is the focus), making operational_other the most appropriate classification for this strategic restructuring and partnership announcement.","company_name":"Neostellar Capital Corp.","ticker":"SSSSL","filing_date":"2026-07-21","form":"8-K","submitted_at":null,"items":null}],"classifications":[{"id":17961,"accession_number":"0001493152-26-034015","item_number":null,"item_title":null,"event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"The filing discloses the Company's transition from an internally managed BDC to an externally managed structure through entry into an Investment Advisory Agreement with Neostellar Advisors LLC (a joint venture between Company executives and Magnetar Holdings LLC) effective July 15, 2026, along with a concurrent Administration Agreement. This represents a material strategic restructuring and change in investment management operations. While Item 1.01 (Entry into a Material Definitive Agreement) is cited, the substance is an operational and strategic transformation—rebranding from SuRo Capital to Neostellar Capital, changing ticker symbol to NSLR, and fundamentally altering the Company's management structure. A $20 million investment by a Magnetar affiliate underscores the materiality. This does not fit neatly into governance_other (no board/auditor/shareholder-vote action is the principal event) or financial_other (no debt, dividend, or capital issuance is the focus), making operational_other the most appropriate classification for this strategic restructuring and partnership announcement.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-21T12:32:02.151743+00:00","company_name":"Neostellar Capital Corp.","ticker":"SSSSL","filing_date":"2026-07-21"}]}