Tender Offer - Star Mountain Lower Middle-Market Capital Corp
Form Type: SC TO-I
Filing Date: 2025-05-30
Corporate Action: Tender-offer
Type: New
Accession Number: 000114036125020921
Filing Summary: Star Mountain Lower Middle-Market Capital Corp. has initiated a tender offer to purchase for cash up to 242,756.055 shares of its common stock, which constitutes 2.5% of the outstanding shares as of March 31, 2025. The tender offer price is equal to the net asset value per share as of June 30, 2025. As of the filing date, the company has 10,068,053.070 shares outstanding. The offer is part of the company’s strategy as a business development company and keys into its regulatory obligations under the Investment Company Act of 1940. The filing serves as a formal mechanism to fulfill the requirements dictated by the Securities Exchange Act of 1934. The relevant details, including procedures for tendering shares and withdrawal rights, are contained in the incorporated Offer to Purchase and Notice of Intent documents.
Additional details:
Offer Price: net asset value per share as of June 30, 2025
Number Of Shares Tendered: 242756.055
Percentage Of Outstanding Shares: 2.5
Total Shares Outstanding: 10068053.070
Form Type: SC TO-I/A
Filing Date: 2025-05-30
Corporate Action: Tender-offer
Type: Update
Accession Number: 000114036125020920
Filing Summary: Star Mountain Lower Middle-Market Capital Corp. filed an amendment to its tender offer statement on Schedule TO, originally filed on March 3, 2025, to purchase up to 246,432.521 shares of common stock. This amounted to 2.5% of the company's outstanding shares as of December 31, 2024. The tender offer expired on March 31, 2025. A total of 1,289,373.383 shares were validly tendered, out of which 256,233.877 shares were accepted for purchase on a pro rata basis at a net asset value of $24.55 per share. Payments were made to stockholders through promissory notes, totaling $6,290,541.67, issued to those whose shares were accepted. This amendment serves to report the results of the tender offer, indicating its completion and financial results.
Additional details:
Tender Offer Shares Tendered: 1289373.383
Tender Offer Shares Accepted: 256233.877
Tender Offer Per Share Price: 24.55
Tender Offer Payment Total: 6290541.67
Form Type: SC TO-I/A
Filing Date: 2025-01-21
Corporate Action: Tender-offer
Type: Update
Accession Number: 000114036125001527
Filing Summary: Star Mountain Lower Middle-Market Capital Corp. filed this Final Amendment to the Issuer Tender Offer Statement to report the results of its tender offer for up to 208,792.971 shares of its common stock, initially filed on August 30, 2024. The tender offer expired on September 30, 2024, with a total of 677,455.666 shares validly tendered. The Company accepted 209,505.988 shares for purchase on a pro rata basis, which included 713.017 additional shares accepted. The per share net asset value was calculated to be $24.27. Payment was made to shareholders through promissory notes totaling $5,067,405.40, with an additional cash payment of $17,305 made on January 9, 2025, for the additional shares accepted. This filing serves to update and conclude the previous tender offer process with the SEC.
Additional details:
Name Of Person Authorized: Brett A. Hickey
Address Of Person Authorized: 140 E. 45th Street, 37th Floor, New York, New York 10017
Telephone Number Of Person Authorized: (646) 787-0300
Law Firm: Dechert LLP
Law Firm Address: Three Bryant Park, 1095 Avenue of the Americas, New York, NY 10036
Law Firm Telephone: (212) 698-3500
Total Shares Validly Tendered: 677,455.666
Total Shares Accepted: 209,505.988
Price Per Share: $24.27
Promissory Notes Payment Total: $5,067,405.40
Cash Payment For Additional Shares: $17,305
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