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Merger with BlackRock Capital Investment Corporation (Tables) | 6 Months Ended
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Jun. 30, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Summary Of Recognized Identified Assets Acquired And Liabilities Assumed | The following table summarizes the allocation of the consideration paid to the assets acquired and liabilities assumed as a result of the Merger:
Common stock issued by the Company (1) |  | $ | 280,464,610 |  |
Transaction costs |  |  | 2,366,408 |  |
Total purchase price |  | $ | 282,831,018 |  |
Assets acquired: |  |  |  |
Investments(2) |  | $ | 586,983,708 |  |
Cash and cash equivalents |  |  | 11,670,610 |  |
Interest, dividends and fees receivable |  |  | 10,373,421 |  |
Due from broker |  |  | 2,048,141 |  |
Other assets |  |  | 3,731,006 |  |
Total assets acquired |  |  | 614,806,886 |  |
Liabilities assumed: |  |  |  |
Debt |  |  | 315,296,749 |  |
Dividends payable (3) |  |  | 7,257,191 |  |
Management fees payable |  |  | 1,888,664 |  |
Interest rate swap, at fair value |  |  | 1,674,309 |  |
Incentive fees payable |  |  | 1,363,625 |  |
Other liabilities |  |  | 4,495,330 |  |
Total liabilities assumed |  |  | 331,975,868 |  |
Net assets acquired |  | $ | 282,831,018 |  |
(1) Based on the Company's market price of $10.08 and 27,823,870 shares of common stock issued by the Company at closing. (2) Investments acquired were recorded at fair value at the date of the acquisition, which is also the Company's initial cost basis in the investments, and reflects the impact of a $21,886,848 purchase discount. (3) Declared on March 4, 2024 by the BCIC Board of Directors for the benefit of former BCIC shareholders of record as of March 15, 2024 and paid on March 29, 2024 out of BCIC cash and cash equivalents acquired by the Company.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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