The business development company will sell shares via agents in negotiated deals, with pre-market trading showing slight gains.
Main Street Capital announced plans to sell up to 20 million shares through an equity offering program. The company will execute sales via agents in negotiated transactions, with no fixed timeline disclosed.
Shares rose 0.30% to $59.20 in pre-market trading following the announcement. The offering follows prior equity raises, though no prior print or consensus estimates were provided for comparison.
No immediate market reaction details beyond the pre-market price movement were reported.