Neostellar Capital Corp. reported financial results for the second quarter ended June 30, 2026, showing net assets of $355.9 million, or $13.44 per share, down from $14.24 per share at March 31, 2026. The company recorded a net investment loss of $23.4 million ($0.90 per share), which included approximately $20.0 million in accelerated expenses related to its transition to an externally managed structure. Net realized gains on investments totaled $5.0 million, while the portfolio's fair value reached $405.9 million across 37 companies. Subsequent to quarter-end, Neostellar received a $20.0 million redeemable promissory note from a Magnetar affiliate and completed its transition to an externally managed platform under Neostellar Advisors LLC. The company operates as a publicly traded investment firm focused on investing in private, venture-backed businesses.

Neostellar Capital Corp. (formerly SuRo Capital Corp.) transitioned to an externally managed structure effective July 15, 2026, entering into an Investment Advisory Agreement with Neostellar Advisors LLC. The company also issued a $20,000,000 redeemable promissory note to MCP Investing LLC at a 6.50% annual interest rate, which is due in 2029. Additionally, Erik Falk of Magnetar has been appointed to the Board of Directors. Neostellar Capital Corp. is a business development company that invests in private, venture-backed businesses.

On July 8, 2026, Neostellar Capital Corp. provided preliminary second quarter estimates for the period ended June 30, 2026. The company estimated its net asset value (NAV) to be between $13.25 and $13.75 per share, compared to $14.24 per share as of March 31, 2026. During the quarter, the company invested $0.2 million in Huntress Labs Inc., $9.5 million in ClickHouse, Inc., and $15.0 million in Magnetar Opportunity 2025-4 LP. It realized net proceeds of $6.5 million from CW Opportunity 2 LP, $0.5 million from GrabAGun Digital Holdings Inc., and $5.2 million from a full exit of HL Digital Assets Inc. Liquid assets totaled approximately $14.7 million as of June 30, 2026. The company is a business development company that invests in a portfolio of private and public companies.