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Note 21 - Subsequent Events
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Subsequent Events [Text Block]

21. Subsequent Events

 

The following material subsequent events occurred since the date of the most recent balance sheet period reported.

 

Growth Equity Fund

 

On February 28, 2024 the Company entered into an agreement with LCP to form the A3 Ventures Fund 1, L.P. (the “A3V Fund”). The A3V Fund will focus its investments in companies in the growth equity phase, as well as mature cashflow generating businesses with strong growth potential; and located in established enterprise software markets that map to LCP’s and the Company’s professional expertise and geographical footprint. The Company has committed $50.0 million to the A3V Fund, which will be called as needed for portfolio investments and to pay fees and expenses of the A3V Fund. Other institutional investors and/or high net worth individuals will also be allowed to commit capital to the A3V Fund.