# EDGAR Filing Document

**Accession Number:** 0001801082
**File Stem:** 0001213900-25-108280
**Filing Date:** 2025-11
**Character Count:** 6194
**Document Hash:** b47fd1870330b431df28b1a58112d629
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-108280.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001213900-25-108280

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251105

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251110

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Alaris Master Fund LP
- **CENTRAL INDEX KEY:** 0001801082

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01334
- **FILM NUMBER:** 251467198

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 MAIN STREET
- **STREET 2:** SUITE 600
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64112
- **BUSINESS PHONE:** 816-702-7100

**MAIL ADDRESS:**
- **STREET 1:** 4900 MAIN STREET
- **STREET 2:** SUITE 600
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64112

**FORMER NAME:**
- **FORMER CONFORMED NAME:** Alaris Master Fund, LP
- **DATE OF NAME CHANGE:** 20200124
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Alaris Capital, LLC
- **CENTRAL INDEX KEY:** 0001807251

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01334
- **FILM NUMBER:** 251467197

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 MAIN STREET
- **STREET 2:** SUITE 600
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64112
- **BUSINESS PHONE:** 816-702-7100

**MAIL ADDRESS:**
- **STREET 1:** 4900 MAIN STREET
- **STREET 2:** SUITE 600
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64112
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Palmer Square Capital BDC Inc.
- **CENTRAL INDEX KEY:** 0001794776

**ORGANIZATION NAME:**
- **EIN:** 843665200
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1900 SHAWNEE MISSION PARKWAY
- **STREET 2:** SUITE 315
- **CITY:** MISSION WOODS
- **STATE:** KS
- **ZIP:** 66205
- **BUSINESS PHONE:** 816-994-3200

**MAIL ADDRESS:**
- **STREET 1:** 1900 SHAWNEE MISSION PARKWAY
- **STREET 2:** SUITE 315
- **CITY:** MISSION WOODS
- **STATE:** KS
- **ZIP:** 66205

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Alaris Master Fund LP<br><sub>(Last) (First) (Middle)</sub><br>4900 MAIN STREET, SUITE 600<br><sub>(Street)</sub><br>KANSAS CITY, MO 64112<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>Palmer Square Capital BDC Inc. [ PSBD ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2025-11-05 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [X] 10% Owner<br>[ ] Officer (give title below)   [ ] Other (specify below)<br>_ _ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Alaris Capital, LLC<br><sub>(Last) (First) (Middle)</sub><br>4900 MAIN STREET SUITE 600<br><sub>(Street)</sub><br>KANSAS CITY, MO 64112<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>Palmer Square Capital BDC Inc. [ PSBD ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2025-11-05 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [X] 10% Owner<br>[ ] Officer (give title below)   [ ] Other (specify below)<br>_ _ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| Common Stock | 3175027 | D |  |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |

---

**Remarks:**
Reported shares are owned directly by Alaris Master Fund LP. Alaris Capital, LLC is the general partner of Alaris Master Fund LP and may be deemed to be an indirect beneficial owner of the reported securities.

**Signature:** /s/ Hunter Armistead, CIO  
**Date:** 2025-11-10

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**