other material
confidence high
sentiment neutral
materiality 0.50
Gladstone Capital enters $150M equity distribution agreement; prior ATM terminated
GLADSTONE CAPITAL CORP
- Up to $150M of common stock may be sold through Jefferies and Huntington as sales agents.
- Prior July 2023 equity distribution agreement terminated simultaneously.
- Sales agents to receive commission up to 2% of gross sales price per share.
- Shares offered under effective shelf registration statement (N-2) and new prospectus supplement.
- Agreement includes standard indemnification provisions; Venable LLP issued legality opinion.