Note 13 - Subsequent Events |
3 Months Ended |
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Mar. 31, 2026 | |
| Notes to Financial Statements | |
| Subsequent Events [Text Block] |
Note 13. Subsequent Events
On April 1, 2026, the Company funded a $15.0 million debt investment to a new portfolio company, Stellar Cyber, Inc.
On April 14, 2026, the Company closed the Merger with MRCC. In connection with the closing of the Merger, the Company received approximately $141.1 million in cash and issued 20,370,645 shares of its common stock in the aggregate, or 0.9402 shares of its common stock for each share of MRCC common stock, to MRCC stockholders (and payment of cash in lieu of fractional shares). Former MRCC stockholders and legacy stockholders of the Company own 29.86% and 70.14% of the combined company, respectively, immediately following the closing of the Merger.
On April 14, 2026, the Company repaid the outstanding balance of $45.0 million on its Key Facility from the proceeds of its merger with MRCC.
On April 30, 2026, the Company funded a $3.0 million debt investment to a new portfolio company, Bastille Buyer, Inc.
On April 30, 2026, the Company funded a $4.0 million debt investment to a new portfolio company, Volt Bidco, Inc.
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