other material
confidence high
sentiment neutral
materiality 0.50
Stellus Capital Investment enters into ATM offering agreement for up to $50M of common stock
Stellus Capital Investment Corp
- Equity distribution agreement with Keefe, Bruyette & Woods and Raymond James for up to $50M in aggregate offering price.
- Sales agents receive 1.5% commission on gross sales price of shares sold under the ATM facility.
- Net proceeds to repay outstanding indebtedness and make investments per investment objective.
- Shares sold under existing shelf registration statement (File No. 333-231111) and prospectus supplement dated Nov 16, 2021.