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Stockholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2024

The following table shows the shares issued in relation to the Side Letter and management agreement for the years ended December 31, 2024 and 2023:


Period of Issuance	Recipient	Agreement	Shares Issued(1)	Closing Share Price











January 2023	The Advisor	Advisory Agreement - AM Fees	31,407	$	15.44
March 2024	The Advisor	Advisory Agreement - AM Fees	70,607	$	7.54
April 2024	The Advisor	Advisory Agreement - G&A Fees	68,308	$	6.58
April 2024	The Advisor	Advisory Agreement - PM Fees	22,857	$	6.58
May 2024	The Advisor	Advisory Agreement - AM Fees	83,543	$	5.72

__________

(1)Retroactively adjusted for the effects of the Reverse Stock Split (see Note 1 for additional information).

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details