Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 97

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 97
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 changes in the economy and the capital markets; |

| · | risks associated with negotiation and consummation of pending and future transactions; |

| · | changes in our investment objectives and strategy; |

| · | availability, terms (including the possibility of interest rate volatility) and deployment of capital; |

| · | changes in interest rates, exchange rates, regulation or the general economy; |

| · | changes in governmental regulations, tax rates and similar matters; |

| · | our ability to exit investments in a timely manner; |

| · | our ability to maintain our qualification as a RIC; |

| · | use of the proceeds of this offering; |

| · | our ability to sell the common stock in this offering in the amounts and on the terms contemplated, or 
 at all; and                                                                                            |

| · | those factors described in the “Risk Factors” section of this prospectus. |

We caution readers not to place undue reliance
on any such forward-looking statements, which speak only as of the date made. Actual results could differ materially from those anticipated
in our forward-looking statements and future results could differ materially from historical performance. We have based forward-looking
statements on information available to us on the date of this prospectus. We undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this prospectus, except
as otherwise required by applicable law. The forward-looking statements contained in or incorporated by reference into this prospectus
are excluded from the safe harbor protection provided by the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities
Act.

| 54 |

<div align='center'>USE OF PROCEEDS</div>

Unless otherwise specified 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