Annual report [Section 13 and 15(d), not S-K Item 405]

STOCKHOLDERS' EQUITY

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STOCKHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2025
STOCKHOLDERS' EQUITY  
STOCKHOLDERS' EQUITY

NOTE 6 — STOCKHOLDERS’ EQUITY

At-the-Market Equity Offering

In August 2025, the Company filed a prospectus supplement related to the issuance and sale of up to approximately $83 million of shares of common stock under the Company’s at-the-market equity agreement (the “ATM agreement”). The designated sales agent is entitled to a placement fee of up to 3.0% of the gross sales price per share sold.

The Company did not sell any shares of common stock in connection with the ATM agreement during 2025 or 2024.

Cash Dividends

In November 2023, the Company announced that its board of directors approved the implementation of a quarterly cash dividend. The Company declared cash dividends of $6.4 million, $6.0 million and $1.5 million during 2025, 2024 and 2023, respectively.