Quarterly report [Sections 13 or 15(d)]

COMMON STOCK

v3.25.1
COMMON STOCK
 3 Months Ended
Mar. 31, 2025
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, 2025, Main Street sold 87,087 shares of its common stock at a weighted-average price of $59.87 per share and raised $5.2 million of gross proceeds under the ATM Program. Net proceeds were $5.1 million after commissions to the selling agents on shares sold and offering costs. As of March 31, 2025, there were no share sales transactions that had not settled. In March 2025, Main Street entered into new distribution agreements to sell up to 20,000,000 shares through the ATM Program. As of March 31, 2025, 19,984,275 shares remained available for sale under the ATM Program.
During the year ended December 31, 2024, Main Street sold 2,489,275 shares of its common stock at a weighted-average price of $49.75 per share and raised $123.8 million of gross proceeds under the ATM Program. Net proceeds were $122.2 million after commissions to the selling agents on shares sold and offering costs.