Note 9 - Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Notes to Financial Statements | |
| Related Party Transactions Disclosure [Text Block] |
Note 9. Related Party Transactions
In May 2026, the Company’s Board of Directors approved resolutions permitting sales of common stock to its affiliates under the February 2026 ATM. Separately, Robert W. Duggan, the Company’s majority stockholder and Co-Chairman of the Company, and Mr. Paul LaViolette, the Chief Executive Officer and Co-Chairman of the Company, indicated their intent to purchase shares at prevailing market prices, subject to no binding commitments.
During the three and six months ended June 30, 2026, the Company issued and sold 1,919,821 shares of common stock under the February 2026 ATM for net proceeds of $46.8 million, after deducting commissions and offering costs. Mr. Duggan and Mr. LaViolette purchased 675,233 shares of the common stock sold at market pricing in aggregate under the February 2026 ATM during the three and six months ended June 30, 2026. See Note 5 – Stockholders Equity for further details. |