Quarterly report [Sections 13 or 15(d)]

Equity

v3.26.1
Equity
 3 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
Equity . Equity

Dividends

The Company’s board of directors (the “Board”) declared, and the Company paid, dividends of $0.03 per share of common stock on March 20, 2026, totaling $3.4 million for the three months ended March 31, 2026. The amount and timing of dividends payable on shares of common stock are within the sole discretion of the Board, which will evaluate dividend payments within the context of the Company’s overall capital allocation strategy on an ongoing basis, giving consideration to its current and forecasted earnings, financial condition, cash requirements and other factors. As a result of the aggregate amount of dividends paid on the common stock through March 31, 2026, the conversion price of the Company’s Series A convertible preferred stock has been adjusted from $12.00 to $11.52 per share, as were the threshold share prices in the Additional Deferred Shares agreement (as defined in Note 10). The Board declared a quarterly dividend of $0.03 per share of common stock, to be paid on May 29, 2026 to stockholders of record as of May 18, 2026.