Quarterly report pursuant to Section 13 or 15(d)

COMMON STOCK

v3.24.1.1.u2
COMMON STOCK
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
COMMON STOCK COMMON STOCK
Main Street maintains a program with certain selling agents through which it can sell up to 15,000,000 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, 2024, Main Street sold 126,420 shares of its common stock at a weighted-average price of $45.51 per share and raised $5.8 million of gross proceeds under the ATM Program. Net proceeds were $5.7 million after commissions to the selling agents on shares sold and offering costs. As of March 31, 2024, sales transactions representing 19,571 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. As of March 31, 2024, 5,186,804 shares remained available for sale under the ATM Program.
During the year ended December 31, 2023, Main Street sold 5,149,460 shares of its common stock at a weighted-average price of $39.94 per share and raised $205.7 million of gross proceeds under the ATM Program. Net proceeds were $203.3 million after commissions to the selling agents on shares sold and offering costs.