# EDGAR Filing Document

**Accession Number:** 0001786835
**File Stem:** 0001140361-23-012387
**Filing Date:** 2023-3
**Character Count:** 7637
**Document Hash:** fe26ac9389835280eb3b0d960a5174c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-012387.hdr.sgml**: 20230320

**ACCESSION NUMBER**: 0001140361-23-012387

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230320

**DATE AS OF CHANGE**: 20230317

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Star Mountain Lower Middle-Market Capital Corp
- **CENTRAL INDEX KEY:** 0001786835
- **IRS NUMBER:** 842783833
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93740
- **FILM NUMBER:** 23744446

**BUSINESS ADDRESS:**
- **STREET 1:** 140 EAST 45TH STREET, 37TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 646.787.0203

**MAIL ADDRESS:**
- **STREET 1:** 140 EAST 45TH STREET, 37TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Star Mountain Credit Opportunities Fund, LP
- **DATE OF NAME CHANGE:** 20190829
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Star Mountain Lower Middle-Market Capital Corp
- **CENTRAL INDEX KEY:** 0001786835
- **IRS NUMBER:** 842783833
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** 140 EAST 45TH STREET, 37TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 646.787.0203

**MAIL ADDRESS:**
- **STREET 1:** 140 EAST 45TH STREET, 37TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Star Mountain Credit Opportunities Fund, LP
- **DATE OF NAME CHANGE:** 20190829

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### SCHEDULE TO

#### TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)

#### OF THE SECURITIES EXCHANGE ACT OF 1934

#### (Amendment No. 1)

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## STAR MOUNTAIN LOWER MIDDLE-MARKET CAPITAL CORP.

#### (Name of Subject Fund (Issuer))

#### STAR MOUNTAIN LOWER MIDDLE-MARKET CAPITAL CORP.

#### (Names of filing Person (Offeror and Issuer))

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#### Common Stock, Par Value $0.001 per share

#### (Title of Class of Securities)

#### N/A

#### (CUSIP Number of Class of Securities)

#### Brett A. Hickey

#### Chief Executive Officer and President

#### Star Mountain Lower Middle-Market Capital Corp.

#### 140 E. 45th Street, 37th Floor

#### New York, New York 10017

#### Tel: (646) 787-0300

#### (Name, address and telephone number of person authorized to receive notices and communications on behalf of filing person)

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#### Copy to:

#### Richard Horowitz, Esq.

#### Jonathan Gaines, Esq.

#### Dechert LLP

#### Three Bryant Park

#### 1095 Avenue of the Americas

#### New York, NY 10036

#### Telephone: (212) 698-3500

#### <br>

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☐ Check the box if filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

☐ Third-party tender offer subject to Rule 14d-1.

<br> ☒ Issuer tender offer subject to Rule 13e-4.

<br> ☐ Going-private transaction subject to Rule 13e-3.

<br> ☐ Amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: ☒

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This Amendment No. 1 relates to the Issuer Tender Offer Statement on Schedule TO (the "***Schedule TO***") originally filed with the Securities and Exchange Commission (the "***SEC***") on December 15, 2022 by Star Mountain Lower Middle-Market Capital Corp. (the "***Company***") in connection with an offer by the Company to purchase up to 108,930.542 shares of the Company's common stock, par value $0.001 per share (the "***Shares***"), which represented 2.5% of the Company's outstanding Shares at September 30, 2022, at a price per Share equal to the Company's net asset value per Share as of December 31, 2022, upon the terms and subject to the conditions described in the Offer to Purchase, dated December 15, 2022 (the "***Offer to Purchase***") and the related Notice of Intent to Tender (the "***Notice of Intent***," which together with the Offer to Purchase, as each may be amended or supplemented from time to time, constitute the "***Offer***"), copies of which were previously filed with the Schedule TO.

This is the final amendment to the Schedule TO, and it is being filed to report the results of the Offer. The following information is furnished pursuant to Rule 13e-4(c)(4):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Offer expired at 5:00 p.m., New York City time, on January 16, 2023.

<br> 2. 108,930.542 Shares were validly tendered and not withdrawn prior to the expiration of the Offer and all of those Shares were accepted for purchase by the Company in accordance with the terms of the Offer.

3. The per Share net asset value of the Shares tendered pursuant to the Offer was calculated as of December 31, 2022 in the amount of $25.21.

4. Payment of the purchase price was made in the form of promissory notes issued to stockholders of the Company whose tendered Shares were accepted for purchase by the Company. On March 16, 2023, the Company paid such stockholders a total of $2,746,138.96 representing the amount payable under the promissory notes.

**Item 12.** **Exhibits**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Filing Fee Exhibit

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#### SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| | | |
|:---|:---|:---|
| Dated: March 17, 2023 |  |  |
|  | **STAR MOUNTAIN LOWER MIDDLE-MARKET CAPITAL CORP.** | **STAR MOUNTAIN LOWER MIDDLE-MARKET CAPITAL CORP.** |
|  | By: | /s/ Brett A. Hickey |
|  | Name: | Brett A. Hickey |
|  | Title: | Chief Executive Officer and President |

---

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## Ex-Filing

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#### EX-FILING FEES

#### Calculation of Filing Fee Tables

### SC TO-I/A
(Form Type)

### STAR MOUNTAIN LOWER MIDDLE-MARKET CAPITAL CORP.
(Exact Name of Registrant as Specified in its Charter)

#### Table 1: Transaction Valuation

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| | | | |
|:---|:---|:---|:---|
|  | Transaction<br> Valuation | Fee rate | Amount of Filing<br> Fee |
| Fees to Be Paid | $2746138.96<br><sup>(1)</sup> | 0.0001102 | $302.63<br><sup>(2)</sup> |
| Fees Previously Paid | $2808229.36 | 0.0001102 | $309.47<br><sup>(3)</sup> |
| **Total Transaction Valuation** | $2746138.96<br><sup>(1)</sup> |  |  |
| **Total Fees Due for Filing** |  |  | $302.63<br><sup>(2)</sup> |
| **Total Fees Previously Paid** |  |  | $309.47<br><sup>(3)</sup> |
| **Total Fee Offsets** |  |  | $— |
| **Net Fee Due** |  |  | $0.00 |

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(1) Calculated solely for purposes of determining the amount of the filing fee. This amount is based upon the offer to purchase up to 108,930.542 shares
 of common stock of Star Mountain Lower Middle-Market Capital Corp. (the "Company") at a price equal to $25.21 per share, which represents the Company's net asset value as of December 31, 2022.

(2) Calculated at $110.20 per $1,000,000 of the transaction value.

(3) An aggregate fee of $309.47 was paid with the filing of the Schedule TO-I by the Company (File No. 005-93740) on December 15, 2022 (calculated at the fee rate then in
 effect, $110.20 per $1,000,000 of the transaction value).

#### Table 2: Fee Offset Claims and Sources
Not applicable.

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