Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 181

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 181
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 at that time. We may issue preferred stock within the
first twelve months following the completion of this offering. Prior to issuance of shares of each class or series, our board of directors
is required by the DGCL and by our certificate of incorporation to set the terms, preferences, conversion or other rights, voting powers,
restrictions, limitations as to dividends or other distributions, qualifications and terms or conditions of redemption for each class
or series. Thus, our board of directors could authorize the issuance of shares of preferred stock with terms and conditions that could
have the effect of delaying, deferring or preventing a transaction or a change in control that might involve a premium price for holders
of our common stock or otherwise be in their best interest.

For any series of preferred stock that we may
issue, our board of directors will determine and the certificate of designation and the offering documents relating to such series will
describe:

| · | the designation and number of shares of such series;                                                                                                                                                                                                     |
| · | the rate and time at which, and the preferences and conditions under which, any dividends or other distributions will be paid on shares of such series, as well as whether such dividends or other distributions are participating or non-participating; |
| · | any provisions relating to convertibility or exchange ability of the shares of such series, including adjustments to the conversion price of such series;                                                                                                |
| · | the rights and preferences, if any, of holders of shares of such series upon our liquidation, dissolution or winding up of our affairs;                                                                                                                  |
| · | the voting powers, if any, of the holders of shares of such series;                                                                                                                                                                                      |
| · | any provisions relating to the redemption of the shares of such series;                                                                                                                                                                                  |
| · | any limitations on our ability to pay dividends or make distributions on, or acquire or redeem, other securities while shares of such series are outstanding;                                                                                            |
| · | any conditions or restrictions on our ability to issue additional shares of such series or other securities;                                                                                                                                             |
| · | if applicable, a discussion of certain U.S. federal income tax considerations; and                                                                                                                                                                       |
| · | any other relative powers, preferences and participating, optional or special rights of shares of such series, and the qualifications, limitations or restrictions thereof.                                                                              |

| 116 |

All shares of preferred stock that we may issue
will be of equal rank and identical except as to the particular terms thereof that may be fixed by our board of directors, and all shares
of