v3.26.1
Note 12 - Financial Highlights - Financial Highlights (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Net asset value at beginning of period (in dollars per share)     $ 6.98 $ 8.43  
Net investment income (in dollars per share) $ 0.11   0.29 0.54  
Realized loss (in dollars per share)     (0.14) (0.25)  
Unrealized depreciation on investments (in dollars per share)     (0.76) (1.33)  
Net decrease in net assets resulting from operations per common share - basic (in dollars per share) (0.57) $ (0.5) (0.61) (1.04)  
Distributions (in dollars per share) [1]     (0.27) (0.66)  
From net investment income (in dollars per share)     (0.27) (0.66)  
From net realized gain on investments (in dollars per share) 0 0 0 0  
Return of capital (in dollars per share)     0 0  
Net accretion from repurchase of common stock (in dollars per share)     0.05 0  
Other (in dollars per share) [2]     0.08 0.02  
Net asset value at end of period (in dollars per share) 6.23 6.75 6.23 6.75  
Per share market value, beginning of period (in dollars per share)     6.45 8.99  
Per share market value, end of period (in dollars per share) $ 4.73 $ 7.2 $ 4.73 $ 7.2  
Total return based on a market value     (18.80%) (12.60%)  
Shares outstanding at end of period (in shares) 66,978,865 42,027,567 66,978,865 42,027,567 45,613,815
Expenses without incentive fees [3]     17.10% 16.90%  
Incentive fees [3]     1.00% 0.00%  
Net expenses [3]     18.10% 16.90%  
Net investment income with incentive fees     9.20% 14.40%  
Net assets at the end of the period $ 417,500 $ 283,795 $ 417,500 $ 283,795 $ 318,502
Average net asset value $ 356,622 $ 308,479 $ 356,622 $ 308,479  
Average debt per share (in dollars per share)     $ 7.61 $ 11.14  
Portfolio turnover ratio [4],[5]     11.60% 16.20%  
[1] Distributions are determined based on taxable income calculated in accordance with income tax regulations, which may differ from amounts determined under GAAP due to (i) changes in unrealized appreciation and depreciation, (ii) temporary and permanent differences in income and expense recognition, and (iii) the amount of spillover income carried over from a given tax year for distribution in the following tax year. The final determination of taxable income for each tax year, as well as the tax attributes for distributions in such tax year, will be made after the close of the tax year.
[2] Includes the impact of the different share amounts as a result of calculating per share data based on the weighted average basic shares outstanding during the period and certain per share data based on the shares outstanding as of a period end or transaction date. The issuance of common stock on a per share basis reflects the incremental net asset value changes as a result of the issuance of common stock pursuant to the Merger and the Company’s continuous public offering, pursuant to the Company’s distribution reinvestment plan and pursuant to the conversion of the Convertible Notes to common stock. The issuance of common stock at an offering price, net of sales commissions and dealer manager fees, that is greater than the net asset value per share results in an increase in net asset value per share.
[3] The total return equals the change in the ending market value over the beginning of period price per share plus distributions paid per share during the period, divided by the beginning price.
[4] Annualized.
[5] Calculated by dividing (i) the lesser of purchases or sales of portfolio securities for the fiscal year by (ii) the monthly average of the value of portfolio securities owned by the Company during the fiscal year, with certain securities excluded from the numerator and denominator pursuant to applicable federal securities laws.