v3.26.3
Subsequent Events
9 Months Ended
Sep. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Daily Dividend Amendments
At a special meeting of the Company's stockholders held on October 28, 2026, the Company's stockholders approved and adopted amended and restated certificates of designations for each of STRF Stock, STRC Stock, STRK Stock and STRD
Stock, in each case, such that, together with conforming and related changes, regular dividends declared on each of STRF Stock, STRC Stock, STRK Stock and STRD Stock will be paid on each business day (instead of, in the case of STRF Stock, STRK Stock and STRD Stock, once a quarter, and, in the case of STRC Stock, twice a month) (such changes, collectively, the “Dividend Amendments”). On October 29, 2026, the Company filed such amended and restated certificates of designations with the Secretary of State of the State of Delaware.
As part of the Dividend Amendments, the provisions governing the rights of holders of STRF Stock and STRK Stock to elect directors upon the non-payment of regular dividends, as described in Note 10, Redeemable Preferred Stock, were revised to reflect the new dividend payment frequency. The existing thresholds of four and eight consecutive calendar quarters remain unchanged, but the determination of whether a calendar quarter counts toward these thresholds is now based on whether all accumulated and unpaid regular dividends for that quarter have been paid by the last regular dividend payment date of such quarter, rather than whether dividends were paid on each individual regular dividend payment date.