Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 248

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 248
---
) |     |      |   |
| Name and Address                         |     |                Number |     |    % |   |
| Isthmus Capital, LLC(2)                  |     |             4,266,473 |     | 62.8 | % |
| University of Wisconsin Foundation(3)    |     |             1,459,021 |     | 21.5 | % |
| All officers and directors as a group(4) |     |                     * |     |    * |   |

| * | Represents less than 1.0%. |

| (1) | Beneficial ownership is determined in accordance with the rules of the SEC and includes voting or 
 investment power with respect to the securities.                                                  |

| (2) | The address of the principal executive office of Isthmus Capital, LLC (“Isthmus Capital”)                                              
 is 1209 Orange Street, Wilmington, Delaware, 19801. Isthmus Capital, a Delaware limited liability company, has shared voting power and 
 shared dispositive power with respect to 4,266,473 common shares of the Fund, representing a majority voting interest in the Fund.     |

| (3) | As per Schedule 13D filed on July                                                              
 26, 2024, and Form 4 filed on April 22, 2025, both of which are available on the SEC’s         
 EDGAR website. The address of University of Wisconsin Foundation (“UWF”) is 1848               
 University Avenue, Madison, Wisconsin 53726. Although UWF owns 21.5% of the Fund’s             
 common shares, and UWF owns a majority of the outstanding interests of Isthmus Capital, UWF    
 has delegated certain of its voting authority with respect to its interests in Isthmus Capital 
 such that it does not control Isthmus Capital and, therefore, will not be a control person     
 with respect to either Isthmus Capital or the Fund.                                            |

| (4) | The address of each of our officers and directors is c/o Pearl Diver Credit Company Inc., 747 Third Avenue,                            
 Suite 3603, New York, New York. In the aggregate, all officers and directors as a group own less than one percent of our common stock. |

<div align='center'>BROKERAGE ALLOCATION</div>

Since we expect to acquire
and dispose of most of our investments in privately negotiated transactions or in the over-the-counter markets