Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 4

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 4
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 this prospectus.
In the event we offer common stock, the offering price per share of our common stock exclusive of any underwriting commissions or discounts
will not be less than the net asset value, or “NAV”, per share of our common stock at the time we make the offering except
(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 Securities and Exchange
Commission, or the “SEC”, may permit.

Shares of common stock of closed-end management investment companies that are listed on an exchange frequently trade at a discount to their NAV. If our shares of common stock trade at a discount to our NAV, it will likely increase the risk of loss for purchasers of our securities.

Our common stock trades on
the New York Stock Exchange, or “NYSE”, under the ticker symbol “PDCC”. In addition, our Series A Term Preferred
Stock trades on the NYSE under the symbol “PDPA”. The last reported closing sales price for our common stock on July 14, 2025
was $17.95 per share. We determine the NAV per share of our common stock on a monthly basis. As of June 30, 2025, the NAV per share of
our common stock was $18.19 (the last date prior to the date of this prospectus as of which we determined our NAV). Management’s
unaudited estimate of our net asset value per share of our common stock as of June 30, 2025 was $18.19.

Investors should consider their investment goals, time horizon and risk tolerance before investing in our common stock. An investment in our common stock is not appropriate for all investors and is not intended to be a complete investment program. In addition, investing in our common stock may be considered speculative and involves a high degree of risk, including the risk of a substantial loss of investment. Before purchasing any shares of common stock, you should read the discussion of the principal risks of investing in our common stock, which are summarized in the “ Risk Factors” section of this prospectus.

This prospectus contains important information you should know before investing in our common stock. Please read this prospectus and retain it for future reference. The Statement of Additional Information, dated [--], 2025, as it may be supplemented, containing additional information about the Company, has