Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 85

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 85
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 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.

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.                                                                                                 |

| 48 |

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 the liquidity of trading in our securities, which may harm the market price of our securities.

We are subject to the risk of legislative and regulatory changes impacting our business or the markets in which we invest.

Legal and regulatory changes.
Legal and regulatory changes could occur and may adversely affect us and our ability to pursue our investment strategies and/or increase
the costs of implementing such strategies. New or revised laws or regulations that could adversely affect us may be imposed by the Commodity
Futures Trading Commission, or the “CFTC”, the SEC,