Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 24

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 24
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 proceeds to us.

In connection
with the sale of shares of the common stock on our behalf, the Placement Agent may be deemed to be an “underwriter” within
the meaning of the Securities Act, and the compensation of the Placement Agent may be deemed to be underwriting commissions or discounts.
We have also agreed to provide indemnification and contribution to the Placement Agent against certain liabilities, including civil liabilities
under the Securities Act.

The offering
of our shares of common stock pursuant to the Equity Distribution Agreement will terminate upon the earlier of (i) the sale
of all the shares of common stock registered under the registration statement of which this prospectus supplement forms a part or (ii) the
termination of the Equity Distribution Agreement as permitted therein.

This
summary of the material provisions of the Equity Distribution Agreement does not purport to be a complete statement of its terms and conditions.
A copy of the Equity Distribution Agreement is filed as an exhibit to a Current Report on Form 8-K, which is incorporated by reference
into the registration statement of which this prospectus supplement forms a part.

The Placement Agent and its affiliates have
provided and may in the future provide various investment banking, commercial banking, financial advisory and other financial
services to us and our affiliates from time to time for which they have received, and are expected to receive, customary fees and
expense reimbursement. To the extent required by Regulation M under the Exchange Act, the Placement Agent will not engage in any
market-making activities involving our common stock while the offering is ongoing under this prospectus supplement.

A prospectus supplement and the accompanying prospectus
in electronic format may be made available on a website maintained by the Placement Agent, and the Placement Agent may distribute the
prospectus supplement and the accompanying prospectus electronically.

The principal business address of the Placement
Agent is: Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor, New York, New York 10022.

<div align='center'>LEGAL MATTERS</div>

Certain legal matters in connection with the common
stock offered by this prospectus supplement will be passed upon for us by Morgan, Lewis & Bockius LLP. Morgan, Lewis & Bockius
LLP is located at 2222 Market Street, Philadelphia, PA 19103, and also represents the Adviser. Certain legal matters in connection with
this offering will be passed upon for the Placement Agent by Katten Muchin Rosenman LLP, 1919 Pennsylvania Avenue NW – Suite 800,
Washington