XML 69 R62.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Acquisitions of Garrison Capital Inc. And Harvest Capital Credit Corporation - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
Jun. 09, 2021
Oct. 28, 2020
Jun. 30, 2024
Dec. 31, 2023
Business Acquisition [Line Items]        
Common stock issued by the Company     $ 93 $ 94
GARS Acquisition        
Business Acquisition [Line Items]        
Common stock issued by the Company [1]   $ 38,765    
Cash consideration to GARS / HCAP shareholders   24,100    
Transaction costs   1,168    
Total purchase consideration   64,033    
Assets acquired:        
Investments, at fair value   317,803    
Cash   35,361    
Interest receivable   1,871    
Other assets   2,088    
Total assets acquired   357,123    
Liabilities assumed:        
Debt   251,213    
Other liabilities   1,455    
Total liabilities assumed   252,668    
Net assets acquired   104,455    
Total purchase discount   $ (40,422)    
HCAP Acquisition        
Business Acquisition [Line Items]        
Common stock issued by the Company [2] $ 37,063      
Cash consideration to GARS / HCAP shareholders [3] 20,688      
Transaction costs 881      
Total purchase consideration 58,632      
Assets acquired:        
Investments, at fair value 57,621      
Cash 32,119      
Interest receivable 431      
Other assets 2,665      
Total assets acquired 92,836      
Liabilities assumed:        
Debt 28,750      
Other liabilities 1,645      
Total liabilities assumed 30,395      
Net assets acquired 62,441      
Total purchase discount $ (3,809)      
[1] Based on the market price at closing of $1.26 as of October 28, 2020 and the 30,765,640 shares of common stock issued by the Company in conjunction with the merger.
[2] Based on the market price at closing of $2.43 as of June 9, 2021 and the 15,252,453 shares of common stock issued by the Company in conjunction with the merger.
[3] Approximately $18.5 million cash consideration paid by the Company plus $2.15 million cash payment paid at closing directly to shareholders of HCAP from the Adviser.