Form 8-K

8-K — Palmer Square Capital BDC Inc.

Accession: 0001213900-26-060068

Filed: 2026-05-21

Period: 2026-05-21

CIK: 0001794776

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — ea0291901-8k_palmer.htm (Primary)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

May 21, 2026

Palmer Square Capital BDC Inc.

(Exact name of Registrant as Specified in Its

Charter)

Maryland

814-01334

84-3665200

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

1900 Shawnee Mission Parkway,

Suite 315,

Mission Woods, Kansas

66205

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including

Area Code: 816-994-3200

(Former Name or Former Address, if Changed Since

Last Report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant

to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to

Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications

pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications

pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

PSBD

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405

of this chapter) or Rule 12b- 2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging

growth company ☒

If an emerging

growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any

new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

Increase and Extension of Stock Repurchase Program

On May 21, 2026, Palmer Square Capital BDC (the “Company”)

issued a press release to announce that its board of directors approved an increase and extension of the Company’s stock repurchase

program. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.

The information in Item 8.01 of this Current Report on Form 8-K, including

Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the Securities

Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section, nor shall

such information be deemed incorporated by reference into any filing made by the Company under the Securities Act of 1933, as amended,

or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1

Press Release, dated May 21, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,

Palmer Square Capital BDC Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Palmer Square Capital BDC Inc.

Date: May 21, 2026

By:

/s/ Jeffrey D. Fox

Name:

Jeffrey D. Fox

Title:

Chief Financial Officer

EX-99.1 — PRESS RELEASE, DATED MAY 21, 2026

EX-99.1

Filename: ea029190101ex99-1.htm · Sequence: 2

Exhibit 99.1

Palmer Square Capital BDC Inc. Announces Increase

and Extension of its Stock Repurchase Program

Authorizes an Additional

$30 million of Repurchases

MISSION WOODS, Kansas, May 21, 2026 —

Palmer Square Capital BDC Inc. (NYSE: PSBD) (“PSBD” or the “Company”), an externally managed business development

company, today announced that the Company’s board of directors authorized an increase and extension of the Company’s previously

established open-market share repurchase program (the “Repurchase Program”).

Under the increased and extended Repurchase Program,

the board of directors authorized the Company to repurchase an additional $30 million of shares of its common stock and extended the Repurchase

Program to expire on June 22, 2027. Pursuant to the program, the Company may, from time to time, purchase shares of its common stock in

the open market, subject to market conditions and other factors. To date, approximately $22.2 million of repurchases have been made by

the Company under the Repurchase Program.

In connection with the Repurchase Program, the

Company expects to enter into a share repurchase plan (the “Rule 10b5-1 Repurchase Plan”) to acquire up to $10 million in

the aggregate of its common stock, in accordance with the guidelines specified in Rule 10b-18 and Rule 10b5-1 of the Securities Exchange

Act of 1934, as amended. The Rule 10b5-1 Repurchase Plan will require the Company’s agent to repurchase shares of the Company’s

common stock on the Company’s behalf when the market price of the Company’s common stock is a certain level below the most

recently reported net asset value (“NAV”) per share of the common stock, subject to applicable law, including certain volume,

market and timing restrictions.

“Consistent with our comments on the most

recent earnings call, we remain conviction buyers of PSBD at current levels. Today we are pleased to announce a $30 million expansion

of our share repurchase authorization — including a new $10 million 10b5-1 repurchase program and a $20 million increase to our

existing open market repurchase program,” said Christopher D. Long, Chairman and Chief Executive Officer of PSBD. “Given PSBD’s

current discount to book value despite a transparent NAV which is disclosed monthly, we believe there is tremendous value in buying our

own portfolio at a discount to drive shareholder returns and view this repurchase expansion as a clear expression of our alignment with

shareholders.”

About Palmer Square Capital BDC Inc.

Palmer Square Capital BDC Inc. (NYSE: PSBD) is

an externally managed, non-diversified closed-end management investment company that primarily lends to and invests in corporate debt

loans, including but not limited to large private U.S. companies in the broadly syndicated loan market, as well as the direct large cap

private credit market. PSBD has elected to be regulated as a business development company under the Investment Company Act of 1940. PSBD’s

investment objective is to maximize total return, comprised of current income and capital appreciation. PSBD’s current investment

focus is guided by two strategies that facilitate its investment opportunities and core competencies: (1) investing in corporate debt

loans and, to a lesser extent, (2) investing in other debt securities which may include collateralized loan obligation debt and equity.

PSBD’s investment activities are managed by its investment adviser, Palmer Square BDC Advisor LLC, an affiliate of Palmer Square

Capital Management LLC.

Forward-Looking Statements

Statements other than statements of historical

facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results

and involve a number of risks and uncertainties. The forward-looking statements may include statements as to our future base and supplemental

dividend distributions and the prospects of our portfolio companies. These and other forward-looking statements can be identified by the

use of forward-looking terminology such as “may,” “will,” “should,” “seek,” “expect,”

“anticipate,” “project,” “estimate,” “intend,” “continue,” “target,”

or “believe” or the negatives thereof or other variations thereon or comparable terminology. Actual results may differ materially

from those in the forward-looking statements as a result of a number of factors, including those described from time to time in PSBD’s

filings with the SEC. PSBD undertakes no duty to update any forward-looking statement made herein unless required by law. All forward-looking

statements speak only as of the date of this press release. Although PSBD undertakes no obligation to revise or update any forward-looking

statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures

that PSBD may make directly to you or through reports that in the future may be filed with the SEC, including annual reports on Form 10-K,

quarterly reports on Form 10-Q and current reports on Form 8-K.

Contacts

Investors

Matt Bloomfield and Jeremy Goff

Palmer Square Capital BDC Inc.

Investors@palmersquarebdc.com

Media

Josh Clarkson

Prosek Partners

PSBD@prosek.com

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