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Common Stock (Tables)

12 Months Ended

Dec. 31, 2023

The following table summarizes the cumulative total shares issued, net proceeds received, and weighted average offering price in public offerings of the Company’s common stock since the IPO in June 2011, except for the issuances under the ATM Program as described further below.


Period	Cumulative Number of Shares		Cumulative Gross Proceeds		Cumulative Underwriting Fees and Commissions and Offering Costs (1)		Weighted Average Offering Price
Cumulative since IPO		14,388,414	$	236,597	$	8,989	$	16.44

(1) Fidus Investment Advisors, LLC agreed to bear a cumulative of $1,925 of underwriting fees and commissions and offering costs associated with these offerings (such amounts are not included in the number reported above). All such payments made by Fidus Investment Advisors, LLC are not subject to reimbursement by the Company.

Summary of Equity ATM Program

and the offering expenses, the net proceeds raised, and the average price at which shares were issued under the ATM Program for the years ended December 31, 2023 and 2022 are as follows:




			Average				Underwriting
	Number of		Offering		Gross		Fees and		Net
Year Ended December 31, 2022	Shares		Price		Proceeds		Commissions		Proceeds
January 1, 2022 through March 31, 2022		-	$	-	$	-	$	-	$	-
April 1, 2022 through June 30, 2022		-		-		-		-		-
July 1, 2022 through September 30, 2022		-		-		-				-
October 1, 2022 through December 31, 2022		290,388		20.32		5,900		89		5,811
Total		290,388	$	20.32	$	5,900	$	89	$	5,811
Year Ended December 31, 2023
January 1, 2023 through March 31, 2023		260,610	$	20.68	$	5,389	$	81	$	5,308
April 1, 2023 through June 30, 2023		246,574		19.93		4,914		74		4,840
July 1, 2023 through September 30, 2023		3,187,661		19.54		62,277		779		61,498
October 1, 2023 through December 31, 2023		1,985,510		19.79		39,292		553		38,739
Total		5,680,355	$	19.69	$	111,872	$	1,487	$	110,385

Cumulative to date, the Company has sold 5,970,743 shares of common stock under the ATM Program at a weighted-average price of $19.72, raising $117,772 of gross proceeds. Net proceeds were $116,196 after commissions to the sales agents on shares sold.