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Subsequent Events
 3 Months Ended
Mar. 31, 2022
Subsequent Events  
19. Subsequent Events

Note 13 – Subsequent Events

 

The Company has evaluated events that occurred subsequent to March 31, 2022 through the date these condensed consolidated financial statements were issued for matters that required disclosure or adjustment in these condensed consolidated financial statements.

 

Preliminary Non-binding Indication of Interest

  

On May 4, 2022, the Company’s Board of Directors received a preliminary non-binding indication of interest from Griffin Highline Capital LLC with regard to an acquisition of all of the outstanding equity of the Company. See Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for further details.

 

Dividends Declared

 

On May 2, 2022, the Company announced that its Board of Directors approved a quarterly dividend of $0.04 per share payable in cash on June 15, 2022 to stockholders of record as of the close of business on May 31, 2022 (see Note 8 – Stockholders’ Equity).