Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 87

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 87
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 preferred stock under current law). See “— Risks Related to Our Investments — We may leverage our portfolio, which would magnify the potential for gain or loss on amounts invested and increase the risk of investing in us” for details concerning how asset coverage is calculated. If the value
of our assets declines, we may be unable to satisfy this test. If that happens, we may be required to sell a portion of our investments
and, depending on the nature of our leverage, repay a portion of our indebtedness at a time when such sales or redemptions may be disadvantageous.
Also, any amounts that we use to service or repay our indebtedness would not be available for distributions to our stockholders.

We are not generally able to issue and sell shares
of our common stock at a price below the then current NAV per share (exclusive of any distributing commission or discount). We may, however,
sell shares of our common stock at a price below the then current NAV per share (1) in connection with a rights offering to our existing
stockholders, (2) with the consent of the majority of our common stockholders, (3) upon the conversion of a convertible security in accordance
with its terms, or (4) under such circumstances as the SEC may permit.

Significant stockholders may control the outcome of matters submitted to our stockholders or adversely impact the market price or liquidity of our securities.

To the extent any stockholder, individually or
acting together with other stockholders, controls a significant number of our voting securities or any class of voting securities, they
may have the ability to control the outcome of matters submitted to our stockholders for approval, including the election of directors
and any merger, consolidation or sale of all or substantially all of our assets, and may cause actions to be taken that you may not agree
with or that are not in your interests or those of other securityholders.

| 56 |

This concentration of beneficial ownership also
might harm the market price of our securities by:

| · | delaying, deferring or preventing a change in corporate control; |

| · | impeding a merger, consolidation, takeover, or other business combination involving us; or |

| · | discouraging a potential acquirer from making a tender offer or otherwise attempting to obtain control 
 of us.                                                                                                 |

To the extent that any stockholder that holds
a significant number of our securities is subject to temporary restrictions on resale of such securities, including certain lock-up restrictions,
such restrictions could adversely affect