Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 17

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 17
---
     | $                               | 123,603,645 |   |     | $                | 137,933,388 |   |
| Composition of Net Assets:                                                                                                                                      |     |                                 |             |   |     |                  |             |   |
| Common stock, par value $0.001 per share; 200,000,000 shares authorized, actual, and 6,796,473 shares issued and outstanding, actual, pro forma (as adjusted)   |     |                                 |       6,796 |   |     |                  |       7,605 |   |
| Capital in excess of par value                                                                                                                                  |     |                                 | 133,695,341 |   |     |                  | 148,024,275 |   |
| Total accumulated losses                                                                                                                                        |     |                                 | (10,098,492 | ) |     |                  | (10,098,492 | ) |
| Total Net Assets:                                                                                                                                               |     | $                               | 123,603,645 |   |     | $                | 137,933,388 |   |

<div align='center'>RISK FACTORS</div>

Investing in our common stock involves a number of significant risks. In addition to the other information contained in this prospectus, you should consider carefully the following information before making an investment in our common stock. The risks set out below are not the only risks we face. Additional risks and uncertainties not presently known to us or not presently deemed material by us might also impair our operations and performance. If any of the following events occur, our business, financial condition, and results of operations could be materially adversely affected. In such case, our NAV and the trading price of our common stock could decline, and you may lose all or part of your investment.

If any of the following risks actually occur, our business, financial condition or results of operations could be materially adversely affected and the value of our securities may be impaired. If that happens, the price of our securities could decline and you may lose all or part of your investment.

The risks described below specifically relate to this offering. Please see also the “Risk Factors” section of the accompanying prospectus and the “Risks and Uncertainties” section of our Semi-Annual Report on Form N-CSRSfor the fiscal period ended June 30, 2025 filed with the SEC on September 3, 2025, and incorporated by reference herein.

<div align='center'>Risks Related to the