Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 120

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 120
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 in the applicable prospectus
supplement, we intend to use the proceeds from the sale of shares of our common stock pursuant to this prospectus to acquire investments
in accordance with our investment objectives and strategies described in this prospectus but may also use proceeds to make distributions
to our stockholders and for general working capital purposes. In addition, we may also use all or a portion of the net proceeds from the
sale of our securities by us to repay any Preferred Stock or outstanding indebtedness at the time of the offering, including any borrowings
from reverse repurchase agreements. We currently anticipate that it will generally take approximately one to three months after the completion
of any offering of securities to invest substantially all of the net proceeds of this offering in our targeted investments, although the
length of such period may vary depending on the availability of appropriate investment opportunities consistent with our investment objectives
and market conditions. We cannot assure you we will achieve our targeted investment pace, which may negatively impact our returns. Until
appropriate investments or other uses can be found, we will invest in temporary investments, such as cash, cash equivalents, U.S. government
securities, and other high-quality debt investments that mature in one year or less, which we expect will have returns substantially lower
than the returns that we anticipate earning from investments in CLO securities and related investments. Investors should expect, therefore,
that before we have fully invested the proceeds of this offering in accordance with our investment objectives and policies, assets invested
in these instruments would earn interest income at a modest rate, which may not exceed our expenses during this period. To the extent
that the net proceeds from an offering have not been fully invested in accordance with our investment objectives and strategies prior
to the next payment of a distribution to our stockholders, a portion of the proceeds may be used to pay such distribution and may represent
a return of capital.

| 64 |

<div align='center'>PRICE RANGE OF COMMON STOCK</div>

Our common stock began trading on July 9, 2024
and is currently traded on the NYSE under the symbol “PDCC”. The following table lists the high and low closing sale price
for our common stock, the high and low closing sale price as a percentage of NAV and distributions declared per share each quarter since
July 9, 2024.

| Period                                     |     | NAV(1) |       |     | Closing Sales Price 
 High                |       |     | Low |       |     | Premium (Discount)