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Subsequent Events
3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events

Note 12 - Subsequent Events

The Company evaluated events subsequent to March 31, 2024 through May 7, 2024.

On April 26, 2024 Echo360 Inc. prepaid its outstanding principal balance of $25.3 million on the senior secured loan.

 

On April 30, 2024, the Board of Directors declared an ordinary distribution of $0.40 per share and a supplemental distribution of $0.07 per share for stockholders of record on May 10, 2024 payable on or before May 24, 2024

 

On April 30, 2024, following his return from the temporary medical leave and upon the approval of the Board of Directors, Mr. Spreng, was reinstated as the Company's President and Chief Executive Officer.

 

For the period commencing March 31, 2024 through May 7, 2024, the Company repurchased 183,702 shares under the Company's Repurchase Program.