Fidus Investment upsizes ATM equity offering program to $150M from $50M

FIDUS INVESTMENT Corp

Maximum aggregate offering amount increased to $150 million; previously $50 million.
Approximately $101.4 million remains available for sale under the program as of Aug 10, 2023.
Amendment No. 1 to Equity Distribution Agreement with Raymond James & B. Riley Securities.
No shares sold in the offering; it is an at-the-market facility.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FIDUS INVESTMENT Corp amended Amendment No. 1 with Fidus Investment Advisors, LLC, Raymond James & Associates, Inc. and B. Riley Securities, Inc. valued at $150.0 million (effective 2023-08-11).

Action: amendment
Agreement: atm program
Counterparty: Fidus Investment Advisors, LLC, Raymond James & Associates, Inc. and B. Riley Securities, Inc.
Value: $150.0 million
Effective: 2023-08-11

Exact text from the filing

On August 11, 2023, the Company increased the maximum amount of Shares to be sold through the ATM Program to $150.0 million from $50.0 million. In connection with the upsize of the ATM Program, the Company entered into amendment no. 1 (“Amendment No. 1”) to the equity distribution agreement, dated November 10, 2022 (the “Equity Distribution Agreement”) with Fidus Investment Advisors, LLC, Raymond James & Associates, Inc. (“Raymond James”) and B. Riley Securities, Inc. (“B. Riley” and together with Raymond James, the “Sales Agents”).

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Source: SEC EDGAR

accession 0001193125-23-210716

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