COMMON STOCK |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Equity [Abstract] | |
| COMMON STOCK | COMMON STOCK Main Street maintains a program with certain selling agents through which it can sell shares of its common stock by means of at-the-market offerings from time to time (the “ATM Program”). During the six months ended June 30, 2025, Main Street sold 280,730 shares of its common stock at a weighted-average price of $57.47 per share and raised $16.1 million of gross proceeds under the ATM Program. Net proceeds were $15.8 million after commissions to the selling agents on shares sold and offering costs. As of June 30, 2025, sales transactions representing 7,482 shares had not settled and thus were not issued and not included in shares issued and outstanding on the face of the Consolidated Balance Sheets but are included as outstanding on the Consolidated Statement of Changes in Net Assets, in the weighted-average shares outstanding in the Consolidated Statements of Operations and in the shares used to calculate the NAV per share. In March 2025, Main Street entered into new distribution agreements to sell up to 20,000,000 shares through the ATM Program. As of June 30, 2025, 19,790,632 shares remained available for sale under the ATM Program. During the year ended December 31, 2024, Main Street sold 2,489,275 shares of its common stock at a weighted-average price of $49.75 per share and raised $123.8 million of gross proceeds under the ATM Program. Net proceeds were $122.2 million after commissions to the selling agents on shares sold and offering costs.
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