Steele Creek Capital Files 10-Q, Reports 6.1M Shares Outstanding

TL;DR

Steele Creek Capital's 10-Q shows regulatory compliance and stable share count, but lacks financial specifics, making it a neutral hold for now.

AI Summary

Steele Creek Capital Corp filed its 10-Q for the quarter ended June 30, 2025, indicating continued operations as a non-accelerated filer and a smaller reporting company. The company reported 6,099,386 shares of common stock outstanding as of August 8, 2025, with a par value of $0.001 per share. While specific revenue and net income figures are not detailed in the provided excerpt, the filing confirms compliance with SEC reporting requirements, having filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months. The company also confirmed electronic submission of all Interactive Data Files. No significant business changes or new risks were explicitly highlighted in this introductory section, suggesting a stable operational quarter within its current structure. The company is not a shell company and has not elected to use the extended transition period for new accounting standards.

Why It Matters

This filing confirms Steele Creek Capital Corp's ongoing compliance with SEC regulations, which is crucial for investor confidence and market transparency. For investors, the disclosure of 6,099,386 shares outstanding provides a baseline for valuation metrics, especially given its status as a smaller reporting company. Employees and customers can infer operational stability from the consistent regulatory adherence. In a competitive landscape, maintaining good standing with regulators helps differentiate the company and potentially attract capital, even without specific financial performance details in this excerpt.

Risk Assessment

Risk Level: low — The risk level is low based on the provided excerpt, as Steele Creek Capital Corp explicitly states it has filed all required reports and is not a shell company. This indicates strong regulatory compliance and operational legitimacy, reducing immediate red flags for investors.

Analyst Insight

Investors should monitor Steele Creek Capital Corp for the full financial statements within the 10-Q to assess revenue, net income, and cash flow. Without these specifics, it's prudent to hold off on new positions and evaluate the company's financial health and growth prospects.

Key Numbers

• 6,099,386 — Common Stock Shares Outstanding (Reported as of August 8, 2025, indicating the current dilution and ownership structure.)
• $0.001 — Par Value Per Share (The nominal value assigned to each share of common stock.)

Key Players & Entities

• Steele Creek Capital Corp (company) — registrant filing the 10-Q
• SEC (regulator) — recipient of the 10-Q filing
• Maryland (company) — state of incorporation for Steele Creek Capital Corp
• $0.001 (dollar_amount) — par value per share of common stock
• 6,099,386 (dollar_amount) — shares of common stock outstanding as of August 8, 2025
• June 30, 2025 (date) — end of the quarterly period reported
• August 8, 2025 (date) — filing date of the 10-Q
• 201 S. College St, Suite 1690, Charlotte, NC 28244 (company) — business address of Steele Creek Capital Corp
• MSC Capital LLC (company) — former name of Steele Creek Capital Corp

FAQ

Industry Context

Steele Creek Capital Corp operates within the financial services sector, likely focusing on investment or capital management given its name. This sector is characterized by intense competition, evolving regulatory landscapes, and the need for robust risk management. Trends include increasing digitalization, a focus on specialized financial products, and ongoing consolidation.

Regulatory Implications

As a non-accelerated filer and smaller reporting company, Steele Creek Capital Corp benefits from reduced disclosure burdens. However, it must maintain compliance with all SEC reporting requirements, including timely filing of 10-Q and 10-K reports, and electronic submission of XBRL data. Failure to comply can result in penalties and reputational damage.

What Investors Should Do

1. Monitor future filings for revenue and profitability metrics.
2. Review the full 10-Q for detailed financial statements and management discussion.
3. Assess the company's business model and competitive positioning.

Key Dates

• 2025-06-30: Quarterly period ended — Marks the end of the reporting period for the 10-Q filing.
• 2025-08-08: Common stock shares outstanding reported — Provides an update on the company's equity structure as of a specific date.
• 2025-08-08: 10-Q filed — Indicates the company has met its regulatory filing deadline for the period.

Glossary

Non-accelerated filer

A type of filer with less than $75 million in public float, subject to less stringent SEC reporting requirements. (Classifies Steele Creek Capital Corp's reporting status, indicating it is not a large or accelerated filer.)

Smaller reporting company

A company with a public float of less than $250 million or annual revenues of less than $100 million, qualifying for scaled-down disclosure requirements. (Further defines Steele Creek Capital Corp's regulatory status, suggesting a smaller operational scale.)

Par value

The nominal face value of a share of stock, often a very small amount, with no relation to market value. (Specifies the nominal value assigned to Steele Creek Capital Corp's common stock, which is $0.001 per share.)

Section 13 or 15(d) of the Securities Exchange Act of 1934

Sections of the Exchange Act that mandate periodic reporting requirements for public companies. (Confirms Steele Creek Capital Corp's compliance with ongoing reporting obligations.)

Interactive Data Files (XBRL)

Machine-readable data files submitted to the SEC, typically in XBRL format, to facilitate analysis. (Indicates the company's adherence to modern electronic filing standards.)

Shell company

A company with no or nominal operations, and often with minimal assets, typically formed to shell companies for specific purposes like mergers or acquisitions. (Clarifies that Steele Creek Capital Corp is an operating entity, not a shell company.)

Year-Over-Year Comparison

As this is the first detailed analysis of the 10-Q for the period ending June 30, 2025, a direct comparison to the previous year's filing cannot be made from the provided excerpt. Key metrics such as revenue growth, margin changes, and the emergence of new risks would typically be detailed in the Management's Discussion and Analysis section of the full report, allowing for year-over-year comparisons.

Key Financial Figures

• $0.001 — (g) of the Act: Common Stock, par value $0.001 per share Indicate by check mark wheth
• $0 thousand — ix months ended June 30, 2025 and 2024, $0 thousand and $1,073 thousand, respectively, repr
• $1,073 — June 30, 2025 and 2024, $0 thousand and $1,073 thousand, respectively, represent non-c

Filing Documents

• ea0250151-10q_steele.htm (10-Q) — 2991KB
• ea025015101ex31-1_steele.htm (EX-31.1) — 12KB
• ea025015101ex31-2_steele.htm (EX-31.2) — 12KB
• ea025015101ex32-1_steele.htm (EX-32.1) — 6KB
• ea025015101ex32-2_steele.htm (EX-32.2) — 5KB
• 0001213900-25-073779.txt ( ) — 11901KB
• ck0000181782-20250630.xsd (EX-101.SCH) — 44KB
• ck0000181782-20250630_cal.xml (EX-101.CAL) — 31KB
• ck0000181782-20250630_def.xml (EX-101.DEF) — 171KB
• ck0000181782-20250630_lab.xml (EX-101.LAB) — 356KB
• ck0000181782-20250630_pre.xml (EX-101.PRE) — 192KB
• ea0250151-10q_steele_htm.xml (XML) — 3262KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 1 Item 1. Consolidated Financial Statements 1 Consolidated Statements of Assets and Liabilities as of June 30, 2025 (unaudited) and December 31, 2024 1 Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024 (unaudited) 2 Consolidated Statements of Changes in Net Assets for the three and six months ended June 30, 2025 and 2024 (unaudited) 3 Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 (unaudited) 4 Consolidated Schedules of Investments as of June 30, 2025 (unaudited) and December 31, 2024 5

Notes to Consolidated Financial Statements (unaudited)

Notes to Consolidated Financial Statements (unaudited) 35 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 50 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 68 Item 4.

Controls and Procedures

Controls and Procedures 69

OTHER INFORMATION

PART II. OTHER INFORMATION 70 Item 1.

Legal Proceedings

Legal Proceedings 70 Item 1A.

Risk Factors

Risk Factors 70 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 70 Item 3. Defaults Upon Senior Securities 70 Item 4. Mine Safety Disclosures 70 Item 5. Other Information 70 Item 6. Exhibits 71

Financial Information

Part I. Financial Information

Consolidated Financial Statements

Item 1. Consolidated Financial Statements Steele Creek Capital Corporation Consolidated Statements of Assets and Liabilities (in thousands, except share and per share data) June 30, 2025 December 31, 2024 (unaudited) Assets Investments: Non-controlled/non-affiliated company investments, at fair value (amortized cost of $ 118,500 and $ 125,533 , respectively) $ 115,781 $ 121,572 Cash 7,239 2,612 Receivable for investments sold 12,464 18,374 Prepaid expenses and other assets 631 573 Interest receivable 499 648 Total assets $ 136,614 $ 143,779 Liabilities Credit facility 69,845 73,278 Payable for investments purchased 10,229 14,209 Management fees payable - 310 Interest payable 127 143 Accounts payable and accrued expenses 575 448 Distributions payable 411 707 Total liabilities 81,187 89,095 Commitments and contingencies (Note 8) Net Assets: Common shares, $ 0.001 par value, 6,061,974 shares authorized and 6,061,974 and 5,816,048 shares issued and outstanding, respectively $ 6 $ 6 Paid-in-capital in excess of par value 64,346 62,091 Total distributable (deficit) earnings ( 8,925 ) ( 7,413 ) Total net assets $ 55,427 $ 54,684 Total liabilities and net assets $ 136,614 $ 143,779 Net asset value per share $ 9.14 $ 9.40 The accompanying notes are an integral part of these consolidated financial statements 1 Steele Creek Capital Corporation Consolidated Statements of Operations (unaudited) (in thousands, except per share data) Three months ended June 30, 2025 Six months ended June 30, 2025 Three months ended June 30, 2024 Six months ended June 30, 2024 Investment income: Non-controlled/non-affiliated company investments: Interest income $ 2,254 $ 4,817 $ 3,387 $ 6,836 Payment in-kind interest income 61 133 74 78 Other income - - 51 59 Total investment income 2,315 4,950 3,512 6,973 Expenses: Management fees 353 715 470 9

View Full Filing

View this 10-Q filing on SEC EDGAR