Skip to main content

Palmer Square Capital BDC Inc

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 8, 2024

PSBD$9.88-0.1%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30,2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number:000-56126

(Exact name of registrant as specified in its charter)

Maryland84-3665200
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1900 Shawnee Mission Parkway, Suite 315, Mission Woods, KS66205
(Address of principal executive offices)(Zip Code)

(816) 994-3200

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.001 per sharePSBDNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☐
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

As of August 8, 2024, the registrant had 32,623,979 shares of common stock, $0.001 par value per share, outstanding.

Table of Contents

Page
PART I.FINANCIAL INFORMATION1
Item 1.Consolidated Financial Statements (Unaudited)1
Consolidated Statements of Assets and Liabilities as of June 30, 2024 (Unaudited) and December 31, 20231
Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2024 and June 30, 2023 (Unaudited)2
Consolidated Statements of Changes in Net Assets for the Three Months and Six Months Ended June 30, 2024 and June 30, 2023 (Unaudited)3
Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and June 30, 2023 (Unaudited)4
Consolidated Schedules of Investments as of June 30, 2024 (Unaudited) and December 31, 20235
Notes to Consolidated Financial Statements (Unaudited)32
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations54
Item 3.Quantitative and Qualitative Disclosures About Market Risk70
Item 4.Controls and Procedures71
PART II.OTHER INFORMATION72
Item 1.Legal Proceedings72
Item 1A.Risk Factors72
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds73
Item 3.Defaults Upon Senior Securities73
Item 4.Mine Safety Disclosures73
Item 5.Other Information73
Item 6.Exhibits74
Signatures75

i

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.