COMMON STOCK |
3 Months Ended |
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Mar. 31, 2023 | |
| 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 three months ended March 31, 2023, Main Street sold 1,055,416 shares of its common stock at a weighted-average price of $39.15 per share and raised $41.3 million of gross proceeds under the ATM Program. Net proceeds were $40.9 million after commissions to the selling agents on shares sold and offering costs. As of March 31, 2023, sales transactions representing 27,570 shares had not settled and are not included in shares issued and outstanding on the face of the Consolidated Balance Sheets but are included 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 2022, Main Street entered into new distribution agreements to sell up to 15,000,000 shares through the ATM Program. As of March 31, 2023, 9,407,268 shares remained available for sale under the ATM Program.
During the year ended December 31, 2022, Main Street sold 5,407,382 shares of its common stock at a weighted-average price of $39.29 per share and raised $212.4 million of gross proceeds under the ATM Program. Net proceeds were $209.9 million after commissions to the selling agents on shares sold and offering costs.
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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