{"url_path":"/sec/cik-0001684682/8-k/2026-06-02/item-5-07","section_key":"item-5-07","section_title":"Item 5.07 ****Submission of Matters to a Vote of Security Holders**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-02","source_url":"https://www.sec.gov/Archives/edgar/data/1684682/0001999371-26-011900-index.html","accession_number":"0001999371-26-011900","cik":"0001684682","ticker":null,"issuer_name":"CNL Strategic Capital, LLC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1684682/0001999371-26-011900-index.html","primary_entity_key":"0001684682","primary_entity_name":"CNL Strategic Capital, LLC"},"word_count":331,"has_tables":true,"body_markdown":"** **\n\n**Item 5.07****Submission of Matters to a Vote of Security Holders**\n\n** **\n\nOn May 27, 2026, the Company\nreconvened its special meeting of shareholders (the “Special Meeting”) at which a quorum was present in person or by\nproxy. The Special Meeting was initially called to order on March 30, 2026, and was adjourned on such date until April 30, 2026, at\nwhich time it was adjourned again with respect to Proposal No. 1, the enhanced liquidity plan proposal (as defined below), to permit\nadditional time to solicit shareholder votes for such proposal.\n\n \n\nThe proposals are described in\ndetail in the Company’s definitive proxy statement (the “Proxy Statement”) filed with the Securities and Exchange Commission\n(“SEC”) on January 29, 2026. As of January 27, 2026, the record date for the determination of shareholders entitled to notice\nof, and to vote at, the Special Meeting, 36,307,994 shares of limited liability company interests (the “shares”) were eligible\nto be voted, and 21,558,404 of those shares were voted in person or by proxy at the reconvened Special Meeting on May 27, 2026. At the\nSpecial Meeting, the Company’s shareholders voted on a total of one proposal, as identified below, which was described in the\nProxy Statement.\n\n** **\n\n**The following is the\nvoting result on the proposal considered and voted upon at the Special Meeting.**\n\n \n\n**Proposal 1:**\nApproval of an enhanced liquidity plan under which the Company undertakes to repurchase from shareholders during the first four full calendar quarters following the approval of this proposal (the “enhanced liquidity period”) up to a requested liquidity percentage to be established following the approval of this proposal. This proposal was not passed, with voting results as follows:\n\n \n\n**For**\n \n**Against**\n \n**Withheld**\n\n 20,122,701\n \n510,255\n \n925,448\n\n \n\nRefer to the Company’s Current Report on Form\n8-K filed with the SEC on May 4, 2026 for the voting result with respect to the adjournment proposal considered and voted upon at\nthe Special Meeting reconvened on April 30, 2026. The Special Meeting was concluded on May 27, 2026."}