Audax Private Credit Fund Reports Unregistered Equity Sale
| Field | Detail |
|---|---|
| Company | Audax Private Credit Fund, LLC |
| Form Type | 8-K |
| Filed Date | Mar 24, 2026 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $25.212, $515.6 m, $957.3 million, $481.0 m |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: unregistered-sale, equity, capital-raise
TL;DR
**Audax Private Credit Fund just sold stock privately, watch for dilution or strategic moves.**
AI Summary
Audax Private Credit Fund, LLC filed an 8-K on March 24, 2026, reporting an unregistered sale of equity securities under Item 3.02 and other events under Item 8.01, with a period of report date of March 20, 2026. This indicates the company raised capital without a public offering, which could dilute existing shareholders if new shares were issued, or signal a strategic private placement, impacting the stock's valuation and future growth prospects.
Why It Matters
This filing signals Audax Private Credit Fund, LLC raised capital through private means, which could impact share value depending on the terms and use of proceeds.
Risk Assessment
Risk Level: medium — An unregistered sale of equity securities can lead to dilution for existing shareholders, but the specific terms and impact are not detailed in this summary.
Analyst Insight
A smart investor would investigate the details of the unregistered equity sale to understand the number of shares issued, the price, and the use of proceeds to assess potential dilution and future growth implications for Audax Private Credit Fund, LLC.
Key Players & Entities
- Audax Private Credit Fund, LLC (company) — the filer of the 8-K
- 0002033362 (company) — CIK of the filer
- 2026-03-24 (date) — filing date
- 2026-03-20 (date) — period of report date
FAQ
What specific items were reported in the 8-K filing by Audax Private Credit Fund, LLC?
The 8-K filing by Audax Private Credit Fund, LLC reported Item 3.02: Unregistered Sales of Equity Securities and Item 8.01: Other Events, with a period of report date of March 20, 2026.
When was the 8-K filing submitted and accepted by the SEC?
The 8-K filing was submitted and accepted by the SEC on March 24, 2026, at 09:46:02.
Filing Stats: 615 words · 2 min read · ~2 pages · Grade level 9.9 · Accepted 2026-03-24 09:46:02
Key Financial Figures
- $25.212 — e purchase price per share was equal to $25.212. The following table details the Shares
- $515.6 m — 31, 2026, the Fund's aggregate NAV was $515.6 million, the fair value of its investment
- $957.3 million — r value of its investment portfolio was $957.3 million and it had principal debt outstanding o
- $481.0 m — nd it had principal debt outstanding of $481.0 million, resulting in a debt-to-equity ra
Filing Documents
- ck0002033362-20260320.htm (8-K) — 64KB
- 0001193125-26-120918.txt ( ) — 164KB
- ck0002033362-20260320.xsd (EX-101.SCH) — 26KB
- ck0002033362-20260320_htm.xml (XML) — 4KB
02. Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities. On February 1, 2026, Audax Private Credit Fund, LLC (the " Fund ") sold limited liability company interest (the " Shares "). The purchase price per share and number of Shares issued was finalized on March 20, 2026. The purchase price per share was equal to $25.212. The following table details the Shares sold: Date of Issuance Common Shares Issued Total Consideration (in millions) February 1, 2026 456,132.001 $ 11.5 The sale of Shares was made pursuant to subscription agreements entered into by the Fund and its investors. The issuance of the Shares is exempt from the registration requirements of the Securities Act of 1933, as amended (the " Securities Act "), pursuant to Section 4(a)(2) thereof and Regulation D or Regulation S thereunder, as applicable. The Fund relied upon representations from the shareholders in the subscription agreements that each shareholder was either (i) an accredited investor as defined in Regulation D under the Securities Act or (ii) not a "U.S. person" as defined in Regulation S under the Securities Act.
01. Other Events
Item 8.01. Other Events. Net Asset Value The net asset value (" NAV ") per share as of January 31, 2026, as determined in accordance with the Fund's valuation policy, is set forth below. NAV per share as of January 31, 2026 Common Shares $ 25.212 As of January 31, 2026, the Fund's aggregate NAV was $515.6 million, the fair value of its investment portfolio was $957.3 million and it had principal debt outstanding of $481.0 million, resulting in a debt-to-equity ratio of approximately 0.93x. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Audax Private Credit Fund, LLC Date: March 24, 2026 By: /s/ Grant Bokerman Name: Grant Bokerman Title: Secretary