|9 Months Ended|
Sep. 30, 2023
|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 nine months ended September 30, 2023, Main Street sold 4,186,856 shares of its common stock at a weighted-average price of $39.84 per share and raised $166.8 million of gross proceeds under the ATM Program. Net proceeds were $165.1 million after commissions to the selling agents on shares sold and offering costs. As of September 30, 2023, there were no share sales transactions that had not yet settled. In March 2022, Main Street entered into new distribution agreements to sell up to 15,000,000 shares through the ATM Program. As of September 30, 2023, 6,275,828 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.During the year ended December 31, 2022, Main Street completed a public equity offering of 1,345,500 shares of common stock at a public offering price of $42.85 per share, including the underwriters’ full exercise of their option to purchase 175,500 additional shares, resulting in total net proceeds, including exercise of the underwriters’ option to purchase additional shares and after deducting underwriting discounts and estimated offering expenses payable by Main Street, of approximately $55.1 million.
The entire disclosure for equity.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef